Debts Vs Savings, Please help!

ska_lover

Hi OP.

I am never sure why people need to rush into having joint finances or even have them at all. I have been with my partner for years and would never do it. We each pay half towards the house and anything we need for it, per month, and then whatever money we have is our own. I would strongly advise against this. Paying off debts for a past relationship of his is going to leave you with a very bitter taste in your mouth. You have worked for years as a single parent to be fincially secure. Yet you plan to spend your cash on a bloke-you-hardly-know's-ex -missus.

You have only known this man for four months. You have two young girls. You are planning to move a practical stranger into your lives after living alone with your girls for 8 years. I wouldn't want a bloke I hardly knew living in the same house with my daughters to be honest

Not meaning to sound mean at all, but you are rushing things massively. Wheres the desperation for him to move in? If it is true love, he will still be around a year from now. If his parents want him out, why do you have to feel pressurised into having him at your house? Its like his problems are becoming your problems...his huge debt, his housing problem etc.

If you ask me, your head has been turned by this guy, after being alone for years. You cant be thinking straight...even considering him to be moving in after such a small amount of time makes no sense, but paying off his bills is utter madness. Massive alarm bells.

I'm very sorry if this sounds cruel and I honestly do wish you well.

gunsandbanjos

moneysaver2012 wrote: »

With regard to his SOA, I have it (just not on me as I'm at work!) His salary is £1750 per month. His main outgoings are his CSA £365, loan, credit card and overdraft which total around £400 per month. He applied for the Barclaycard with 0% on BTs for 24 months but the credit limit is not high enough to transfer the balance, he is waiting to hear if they can raise it.

Its been a tough couple of months for him as his second car (the one he has been trying to sell) has just been for an MOT (£300 as it needed some work) but hopefully it will now sell and the money will clear his overdraft. Because of the new law that came in recently he has to insure this car even though its off the road on his parents drive, that is £39 per month and the insurance on his runaround is £40 ish. Petrol is £160 at least per month as he travels to different local offices to cover managers who are absent or on holidays, not one set office and of course he visits me, thankfully we only live 12 miles apart. I contribute to petrol when we go out or pay for other things to offset it though he never asks me to.

After tax?

Where is the other £700 odd going?