One of the first obstacles to address when working towards a debt free life is figuring out how to get your partner on board. Yes, even before creating a written budget. More often than not one party is more excited about it than the other. If you are interested in learning some strategies to implement click to read more […]
6 WAYS TO GET YOUR PARTNER ON BOARD WITH A DEBT SNOWBALL
1. First of all, you have got to sound and look excited about it yourself. Kind of like a good realtor selling the most outdated house in the worst neighborhood. No one wants to buy a house from someone that seems apprehensive about it. Put on your sales pants and a big smile.
2. Talk about what it would mean for you and your family to have no debt. For example, less stress and conflict and possibly more intimacy as a result, more money to invest and grow, ability to be more generous, setting an example for your kids and future generations about how to handle money, ect. The reasons to live debt-free far out-weigh the reasons not to do something.
3. Highlight how making some short term sacrifices (vacations, eating out, cable, ect) will produce even bigger long term gains.
4. Lead by example. Keep yourself in check with your spending habits and areas of vulnerability when it comes to money & shopping.
5. Create a written document that shows all of your debts and the amounts. You can’t hide from them any longer by ignoring them. Put them on paper. Yes, a car loan and student loans are debt. Many of us don’t consider them debts anymore because they have become “the norm”.
6. Talk about the How & What’s Next. I suggest following Dave Ramsey’s Financial Peace University Course. This is how we paid off about $70,000 in 2 years.
Good luck FitFam!!! With Gratitude, Andrea Jean