this post was submitted on 23 Jan 2026
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[โ€“] webghost0101@sopuli.xyz 2 points 16 hours ago (1 children)

This is a good advice, now how do i convince my partner about that very first one.

[โ€“] UnderpantsWeevil@lemmy.world 2 points 15 hours ago

Identify the real cost of low interest savings relative to capital improvements, for starters. If you're spending money on Uber because you can't drive your car, for instance, or you're eating out all the time because you don't have a functional dishwasher, you can just do the math and show where a quality purchase saves money.

After that, it can help if you budget forward in your savings (I'd like to take a vacation, I estimate $2000 cost, we can set aside $50/wk for 40 weeks and go somewhere nice next Christmas). Then you've got a plan for your savings, you're not just hording cash.

Finally, if you're savings is growing, you don't need to feel like you're trying to save your way out of inflation. Putting money into a blue chip like Berkshire Hathaway or an S&P ETF gives you future returns that will eventually outrun your current income. That helps defuse savings stress.