- A blown-out car tire
- An unexpected HVAC bill
Many people view money as a touchy subject. Even your significant other may not be an exception. There is an assortment of ways to help your loved one understand the value of money. Related to that point, you can help them develop good money habits, especially through saving.
Your partner is never too young to start learning about money. You can help them by thinking big, thinking small, using visual aids, or even turning the journey into a contest.
Here are 10 ways to encourage someone to save money.
1. Describe a “Rainy Day Fund”
Sometimes the most important step toward saving is the first one. Before you ever try to encourage a loved one about the long-term value of money, start by describing the value of money in the short term.
Provide a few examples of situations where an emergency fund, aka a “rainy day fund,” would come in handy. These can include:
