soo annoyed! ggrrr.

missindecisive

Im absolutley so peed off its untrue. My darling husband has just left the house to go off and buy something ( a second hand item) and the asking price is £500. Im not disclosing what the item is to keep my identity under wraps..but its something connected with his latest hobby. He reckons he can make money on this item by doing it up and re-selling it for more.

Now im not in the habit of spoiling his fun....the thing is he has took out a cash advance on his credit card to buy it. This, to me , is a no no. We have been careful all year, and are practically out of debt until today. Ive told him thisafternoon how I feel. Didn't pick a fight with him, just explained that I thought he was bored and it was unnecessary. I explained that Id worked hard with our finances all year to claw our way out of debt and that I thought it was wrong for him to put the family back into debt just for this...I could understand if the car/bolier had broken down and we didn't have the money..but this is just a whim. Perhaps I am over reacting. ? The thing is my point of view fell on deaf ears...he's gone to do it anyway. I feel like picking a big fight with him when he gets home!

poet123

I would only be annoyed if I was reasonably certain that he wouldn't turn a profit and recoup the card costs.

I know someone who buys judiciously and re sells items and last year made in excess of £5000 for a few hours work a week, so it can be done.

gfplux

Just let him dig the hole bigger and deeper. Just ask him how long it will be before the item is sold and the profit banked.
Mark it on the calendar and just sit and wait.
If he makes a profit, after ALL cost be a VERY happy wife.
If not give him HELL

paulineb_2

His credit card, not yours. I appreciate you arent happy but you arent in debt and hes spent 500 on a credit card? Could be a hell of a lot worse, I would only be concerned if you think hes going to start spending on it on a regular basis.

BitterAndTwisted

He hasn't spent five hundred quid on a credit-card. It's worse than that: he's taken a cash advance so the interest starts piling on from the moment it was withdrawn, He's going to have to make a tidy profit to cover that sort of interest.

Good luck, OP! And do not pay a penny off that credit-card: he's a big boy and on his own now

peachyprice

How quickly is he going to be able to turn it around and sell it? Are we talking a couple of days, weeks, months?

Anything less than a month I wouldn't be too worried, as long as the profit he's going to make is enough to pay off the £500, plus interest and have tidy sum left.

missindecisive

I suppose I will just have to wait and see. Yes theres a chance he will make a profit but I fear his judgement is clouded and he has his rosy coloured specs on. Yes it could be a bit of a pie in the sky dream. I hope not.
I do wonder if Im being too controlling...its his card not mine. Its only £500 , not a lot to some people but it is to us. Theres far worse things he could be doing to keep himself entertained I suppose.
I think the root of it here, is that I control all the finances, pay the bills, watch the bank accounts etc. He earns the money but takes no interest in it. We usually talk about large purchases, plan for them and agree things first. Generally he has the same outlook as me...apart from today. He wouldn't worry about a £500 short term credit card debt...I would, Ive become quite extreme in my outlook. Don't really know what I can do to change that...thanks for your replies.

Just_a_Girl_2

I'm sorry but I don't buy the "it's his credit card" - they are married, a family, finances are shared. If both individuals can't agree on a big spend like this, especially when they are only just out of debt, then it shouldn't be spent, regardless of whose name is on the card!

Takeaway_Addict

missindecisive wrote: »

Im absolutley so peed off its untrue. My darling husband has just left the house to go off and buy something ( a second hand item) and the asking price is £500. Im not disclosing what the item is to keep my identity under wraps..but its something connected with his latest hobby. He reckons he can make money on this item by doing it up and re-selling it for more.

Now im not in the habit of spoiling his fun....the thing is he has took out a cash advance on his credit card to buy it. This, to me , is a no no. We have been careful all year, and are practically out of debt until today. Ive told him thisafternoon how I feel. Didn't pick a fight with him, just explained that I thought he was bored and it was unnecessary. I explained that Id worked hard with our finances all year to claw our way out of debt and that I thought it was wrong for him to put the family back into debt just for this...I could understand if the car/bolier had broken down and we didn't have the money..but this is just a whim. Perhaps I am over reacting. ? The thing is my point of view fell on deaf ears...he's gone to do it anyway. I feel like picking a big fight with him when he gets home!

It's not great but the highlighted part sticks out, has he not helped get the debt down and have you made it a joint venture or have you just gone gun ho about it?

tesuhoha

I can really sympathise with how you feel. I would feel that way too, extremely uncomfortable and annoyed because it takes away that nice secure feeling you had of paying off the debt. It feels like things are out of control again. I've been there. Feels like one step forward, two back.

I don't know what you should do, but I hope it works out ok.

meritaten

have you thought that he may be right? and you could turn a good profit? see it through and if he makes a loss then, and only then, point out that it was a 'bad buy'. have some faith in him hun - you say that its connected to his latest hobby - he may well know that this item is worth thousands rather than hundreds.
oh and you say its on HIS credit card - if he makes a profit does he get to keep it?