How Does Your Spouse Help Financially?

I've written recently about some of the smart financial moves my wife, Mrs. PT, has helped me make. I couldn't help but be reminded of all the financial lessons I've learned from her and how she helps our financial situation, just by being her.

My wife really is a great compliment to my approach to money management. These days, I tend to focus on the big wins (the mortgage, alternative income streams, investing), as well as setting up automated systems to help us achieve our goals. Once those big things are in place and working on their own, I'm mostly content to just “spend the rest”.

Mrs. PT, on the other hand, is excellent with the day-to-day choices that help us avoid lifestyle inflation and busting our budget. This skill comes in handy now that we're living on one income. Here are a few of the ways she helps us reach our financial goals, frugal-style:

1. Taking Advantage of Freebies Dining out is a big expense of ours. Mrs. PT helps cut that expense in half by suggesting places where we can dine 2 for 1, or even eat for free with a coupon. She doesn't go over board here. She only finds us the freebies that apply to the places where we're already spending. She's not cheap (although she wouldn't be offended at the comment), she simply aims to get the best price for the things we're already paying for.

2. Returning Things We Don't Use – Fair warning to all the stores: Just because Mrs. PT buys something from you, doesn't mean it's a final sale. She gives every piece of clothing the at-home fashion show test (I am required to attend these “shows”). She does a great job of holding on to receipts and packaging for the things we purchase in case the product doesn't work or fit. And she makes the effort to do the returns and get our money back. I realize that most people don't make this big effort and things just end up sitting around till they're thrown away or shipped off to Goodwill.

3. Taking Care of Our Stuff – My wife keeps our stuff clean and in working order. Taking pride in the things you own and making them last is a big part of living a more frugal life, in my opinion.

4. Repair Things When They Break – When things do wear out or break down, she's quick to look for a way to extend their life, or to get them fixed. For instance, our old pocket camera recently stopped working. She found the repair policy on the Sony website and determined she could get it fixed for free (minus a shipping charged). We now have the refurbished camera and can either sell it, or continue to use it as a second camera.

5. Value Time with Others Over Things – This point is definitely a bit more abstract that the 4 specific points above. But this is huge for helping us to be able to live within our means. It's this overall attitude really that allows her to make the other choices above. She cares about the other people in her life and invests her time and energy into them, seeking happiness there, instead of focusing on things.

In what ways does your spouse compliment your approach to managing your finances? I encourage you today to think about those ways and thank your spouse for his/her efforts.

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Last Edited: July 24, 2017 @ 2:32 pm
About Philip Taylor

Philip Taylor, aka "PT", is a former practicing CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of FinCon, the conference and community dedicated to helping other financial influencers and brands. He created this website back in 2007 to share his thoughts on money, hold himself accountable, and to meet others passionate about moving toward financial independence.

PT uses Personal Capital to keep track of his financial life. This free software allows him to review his net worth regularly, analyze his investments, and make decisions about his financial future.

PT keeps a portion of his emergency fund in Betterment, the automatic investing tool that makes investing super simple. Betterment focuses on what matters most: savings rate, time in the market, investing costs, and taxes. PT recommends this service to anyone looking to get started investing for themselves.

All the content on this blog is original and created or edited by PT.


  1. Yes, it’s much more easier to get spouse to watch over our financial, so we can focus on the business or other things. It’s not about how much money we have, but how we manage it well.

  2. Awww, thanks, Babe!!

    I’m glad you value my cheapness 🙂 We are a good team!

  3. Jason @ MyMoneyMinute says:

    My wife is a great shopper. She’s not into $300 coach purses, or designer clothes. She finds great deals at stores like Ross & Marshall’s when possible. A $200 dress for a Christmas work party ends up being $20.

    Like Mrs. PT, my wife also takes good care of her stuff, to make sure it lasts a long time.

    Also, we’ve recently got into the Grocery Game. It gave us a challenge to save money grocery shopping, while giving us a reason to cook at home more often. With our work schedules and commutes, it’s a struggle to always eat at home, but we’re working hard at winning the battle.

    Finally, she helps our family finances by making money ;o) In a down economy, her employment stability has really carried our household. While personal finance typically talks about defense (paying off debt, frugality, etc.), it’s good to have a bit of offense too!

  4. Mr. Not the Jet Set says:

    Interesting topic. It’s amazing the difference in a marriage when both are involved in the finances.

    As for us – the Mrs. is the one that really manages the finances. Really, I do my best to compliment her.
    1> I handle the investments. This is something that she recently handed off to me.
    2> I try to make sure that we have a life. One of us has to recommend spending money!
    3> I tackle a lot of the DIY projects that would otherwise cost us thousands.
    4> We’re on one income as well – mine. I also am always on the look out for other income sources.

    great question!