Years ago, I turned our finances over to Dragon. He fixed the problems with his credit and earned the best credit score it is possible to have. The only problem we currently have is that we don't have enough revolving credit. I think that is awesome!
Isn't there always a but? Dragon isn't very good at saving money or even leaving a savings account alone. Nearly $50,000 gone and not much to show for it. A utility trailer we can't pull and a riding lawnmower. Fairly cheap items compared to the missing money.
Yes, I got mad. Then I got over it. This is who he is and I know it. With my direction he learned how to pay bills. He learned which corners can be cut and which ones can't. But the man can't stand to have money sitting in a savings account and see me in rags.
Years ago we saved money in a jar for a very nice sewing machine. I started putting money back in the jar for a down payment on land. $30 in cash and who knows how much in change I already had in the jar.
This morning I dusted off my old jar and let Dragon know it is there. He got excited. He wants me to open a savings account at a different bank, without his name on the account. No risk of cheating that way. He wants to set up a payment plan to build the account. The jar will stay put for pocket change but he really wants to seriously start saving.
I think he just needed a little push in the right direction. I need a co signer just in case I'm away and he needs access to the account. It won't be him but I haven't figured out who I trust with that responsibility.
One step at a time. I don't have enough to open an account yet. It is progress. I'm not sure how serious he is taking this but he could see how happy I was to have $23 squirreled away. I think he liked my smile and enthusiasm. $10,000 is the first goal. Let's see how dedicated he is this time.