My husband and I have been together for 30 years. We have poor money management skills even though our combined income is about $105K we never seem to have enough money available to pay or living expenses in total each month.
I have always made more than my husband and have I’ve never been unemployed where he has lost his job or walked away from his job on three occasions, which I know has me me resentful, especially when things get really bad and creditors start calling or the letters for disconnection,of service start appearing in our mailbox.
I’ve started to not tell him about any extra money I make (I do some part time consulting) for fear that he will want to bye new furniture or other ‘stuff’. I want to be totally open with my husband about money like I was when we first married but I’m resentful and afraid things will be even worse.
I have a $12,000 line of credit that we used when my husband wasn’t working and I have not made payments on it in the last year. We both have credit cards that are $4000 in total. He has a high interest loan of $6000. We also have two cars, one leased at $325 per month , which comes due in 3 years and his car loan is owing $4300.
We have a 2nd mortgage to payout in June off $25,000 and we have tried to get consolidations for these debts but with our poor credit no one will touch us except loan sharks and their terms and interests would put us in even more debt.
I think we should sell, my husband doesn’t want to loose our home. Any advice would be helpful. Thanks for the work you are doing. I read your book on how to get out of debt… You are saving lives, marriages and families, keep up he great work.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.My Husband is a Poor Money Manager and We Never Get Ahead. - Anne by Steve Rhode