yeah, he's tried that. He just keeps spending on wastefull things and bring him back to $0. or car has issues...6 months ago he needed rego...that required tyres and brake pads, and a brake disc, and a CV, and a new seatbelt...which addded up to $2000 paying someone. He owes various friends money, not crazy amounts, but around $5000 total that I am aware of.
I have done budgets with him over the years, if he stuck with them, he would be fine, but now he is in debt, as soon as money comes in, it goes out.
He had to move house, luckily another mate had a spare room. He lost his garage then, so he now pays $180 a month for a storage shed for 2nd hand furniture. I tried to explain after a year he could buy new furniture...not interested.
The latest thing I have tried, is my frist tatic I used when I was younger. x amount goes to account which only bills come out of. $500 in an emergency account, which is for tyres/rego type emergency (not RC car emergency that he has at times). Then, if the budget says I have $50 for the week, that goes to my pocket, if it runs out, then i'll be eating my $0.70 pasta and $0.50 sauce that I can get ~5 meals from.
But he cant help but get more money out/use plastic/overdraw above his budget cause "it's only $20 extra...I can make that up next week" but he never does.
He doesnt have the self control, and to be honest, now he is so far in debt, last budget we did, we worked out he would be debt free in 1.5 years, if he NEVER eats out, never goes to movies etc. and eats 2 minute noodles every lunch and dinner. It has gone so far, that even if he learnt how to save..it will take him atleast 1.5 years to be able to save ANYTHING. The fact that he cant plan for money 1 week in advance...the only chance he has to plan 1.5 years in advance...is ...well I have no idea.
If he got a higher paying job, he will just spend more money. He likes to keep up with the Jones'. I used to do motorsport (drifting), so I put $35,000 or so into that, and dirt bike... $20,000 or so there..but I never once went into debt, except my house. He uses that to justify his toys. He cant see that I was on $900 a week, and had $20,000 savings, and he is on $500 week and is in debt.
I have done budgets with him over the years, if he stuck with them, he would be fine, but now he is in debt, as soon as money comes in, it goes out.
He had to move house, luckily another mate had a spare room. He lost his garage then, so he now pays $180 a month for a storage shed for 2nd hand furniture. I tried to explain after a year he could buy new furniture...not interested.
The latest thing I have tried, is my frist tatic I used when I was younger. x amount goes to account which only bills come out of. $500 in an emergency account, which is for tyres/rego type emergency (not RC car emergency that he has at times). Then, if the budget says I have $50 for the week, that goes to my pocket, if it runs out, then i'll be eating my $0.70 pasta and $0.50 sauce that I can get ~5 meals from.
But he cant help but get more money out/use plastic/overdraw above his budget cause "it's only $20 extra...I can make that up next week" but he never does.
He doesnt have the self control, and to be honest, now he is so far in debt, last budget we did, we worked out he would be debt free in 1.5 years, if he NEVER eats out, never goes to movies etc. and eats 2 minute noodles every lunch and dinner. It has gone so far, that even if he learnt how to save..it will take him atleast 1.5 years to be able to save ANYTHING. The fact that he cant plan for money 1 week in advance...the only chance he has to plan 1.5 years in advance...is ...well I have no idea.
If he got a higher paying job, he will just spend more money. He likes to keep up with the Jones'. I used to do motorsport (drifting), so I put $35,000 or so into that, and dirt bike... $20,000 or so there..but I never once went into debt, except my house. He uses that to justify his toys. He cant see that I was on $900 a week, and had $20,000 savings, and he is on $500 week and is in debt.