Tricking Loved Ones Into Saving
13 November 2006Here’s a nice little post from 2 Million Blog on how he “tricked” his fiancee into doubling her IRA contributions each month. The best part is that it’s likely to be permanent, because once you get it automatically coming out of the paycheck each month, it’s easy not to notice it anymore. The only problem? She’s still got it set at a pretty low savings rate. Then again, most people don’t jump right into full savings mode unless they have some kind of crisis. What’s most important is gradually getting to a rate that will lead to a happy retirement.
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One Response to “Tricking Loved Ones Into Saving”
November 13th, 2006 at 3:18 am
Another option to trickery when it comes to finances and your significant other is to solicit the opinion of a 3rd party. If you think more saving/investing is needed and they disagree, get someone like your financial planner or CPA to chime in. They’ll likely be in favor of increased savings. This worked in my case, where for some reason my wife always seems to listen to everyone else but me.