Everybody wants to have fun with their partner,and do a lot of great things together. It's a good way to keep your relationship strong and healthy. But it's also important to know how to save money as a couple, so that you and your partner can prepare for your future.Nowadays,a popular way for couples to save is by having a joint credit card like a Best Buy credit card, or any other credit card for that matter. A credit card will be able to help couples keep tabs on each other’s spending habits. Read on for other helpful ways to improve your joint finances.
Figure out what you spend the most money on, is it eating out, buying clothes, online streaming subscriptions,or ride sharing apps? Once you are done with that, look for alternatives,commute instead of taking taxis or private cars,eat at home more often, buy clothes only when it is necessary.When you are done with that,have a little contest with your girlfriend/boyfriend or spouse on who can spend the least amount of money in a given time frame, for example, within a month or within a week.The winner gets a non monetary reward, like a free massage care of the loser. The loser can face a consequence- like having to do all the chores at home for a week.
This may be painful at first, but it is worth it in the long run. Have a daily, monthly, and yearly amount for all your personal and household expenses- and don't go overboard! Track down everything you spend with a budgeting app on your phone.Make sure your app can sync between your phones.Sharing the information will make you and your spouse accountable for each other' s spending.
Calculate the money that you will be able to save per month, week, or year, and spend a portion of that on your dream house or a dream car. To get you on your way, you and your boyfriend/girlfriend or spouse can create a vision board.Creating a couple’s vision board will require you and your partner to do away with impulse buying and jointly focus on the big picture.
Yes, yes, we know It can be annoying when the saleslady at the counter asks if you have a rewards card every time you make a purchase, but if you would give it one more look, you will realize that this can be a great way to save money. Most banks have rewards programs. If you use your debit or credit card, you can earn points and sign up for programs from supermarkets, airlines, department stores, and gas stations to save on purchases.
Skip those movie dates, and have a movie marathon at home! Or go on a walk together, that won’t cost anything. and it will also be good for your health! Other budget friendly alternatives could be taking a picnic, riding a bike, or go stargazing. If you and your partner are more of the home buddy types, why not try a new recipe or cocktail at home. It will definitely be less expensive than eating out.
Yup, you heard it right.It is always sweet to receive a gift from someone you love, but a little sacrifice will go a long way. Instead of giving each other presents, allocate your finances to do something you both really want to do, like buy a new appliance for the house.Sharing priorities will undoubtedly make you stronger as a couple.
It’s so easy to fall into the trap of wanting to spend on something, even just a little something, because you’ve had a stressful day at work, and you feel like you should treat yourself.We hear you, but if you fall into the cycle of satisfying yourself every time things go wrong, it will be harder to reach your financial goals.So, take away anything and everything that will deter you from your dreams.Before you leave for work, have a set amount of money in your pocket.That way, you won’t go past your budget. Leave the rest of your finances with your partner and make sure they have your permission before spending a single cent.