Mr and Mrs K's New Journey to a Debt Free Life.

Eager_Elephant

maman wrote: »

I respect your point of view elephant but it seems to me that the parallel is that you took over the finances as your DH couldn't/wouldn't manage them himself. I think I understand that but that isn't what happens in the K household.


I believe that Alex and his wife pay in the same amount to cover household bills. For Alex this is virtually 100% of his income and anything he makes on top goes on repaying his debts which he considers to be his and his alone.


MrsK has a large surplus income which in recent months she has spent on, for example, an afternoon of retail therapy, a holiday in Rome with her brother leaving Alex and LittleK at home and saving for a new BMW.


From your description it doesn't sound like you have much surplus income but, if you did, would your really spend it all on yourself?

If my DH had not got ill and I did not have to take his finances over I believe that we would have carried on as before - ie. both putting in 50% of income (regardless of amount) and then each keeping their own surplus.

My DH was a very hard person to reason with and to try and talk finances with which was why seperate finances were the way to go.

If my DH had not got ill I would have kept my surplus to myself just as he did when he was the higher wage earner because he was the one who spent on his credit cards so why should I suffer because his surplus had to pay his debts?

As I said I am not in to cars or holidays so I wouldn't have done those things - I probably would have brought chicken huts and smallholding stuff!!

Now that DH is not 100% well then I will share my surplus because I know his debts only get £1pm each and also all his income has to cover a part share of the bills.

People might think me a !!!!! but I'm just saying it like it was!

AlexLK

Before the replies begin, I'm pleased to say we've had quite possibly the best Saturday in a long time going for a drive in our old cars. Did not let the weather get to us too much and only spent money on petrol (one car did do 12mpg so that one wasn't cheap ... desperately needs setting up) and a little in a cafe. Yes, I know we could have taken a picnic but the weather has been so changeable that sitting inside was a better option.

Bess: Thank you for the encouragement.

EagerElephant: Well, that's me told. I think you and I disagree on quite a number of points as if I recall correctly you didn't like what I had to say with regard to somebody's problem tenants. Anyhow, I have no problem in managing my finances thank you very much. Whilst, admittedly, there was a time when I did spend an awful lot of money on things I didn't need and was perhaps a somewhat incompetent "accountant", that time now has quite clearly passed.

My wife does not and has no need to run my financial affairs. Furthermore, I object to my situation being compared to yours as I never once had separate finances to my wife when I was earning a greater amount than her, insisting she paid 50% of the household bills nor am I a "very hard person to reason with". Well, not if a logical argument is presented to me in the first place.

maman: Thank you.

Eager_Elephant

Sorry Alex I think you might have taken my post the wrong way, people said they could not imagine anyone treating their partner the same way MrsK does or running seperate accounts - I was just commenting that DH and I had a similar set up a few years ago so although unusual is not that unique (and then explained our set up and how we got to that point).

I did not say anywhere that you cannot manage your finances or that you need your wife to manage them for you - I commented that now my DH is ill he cannot manage his finances which is why I do them for him - the illness was a blessing in disguise because who knows how much debt he would have ended up in.

I did not accuse you of having seperate finances when you earned more than MrsK, and I did not say you were hard to reason with - I said my DH was.

I don't think anything I say will help the situation but just wanted to explain myself.
I know you didn't like what I posted on another thread so I won't comment again as you clearly have a problem with me.

AlexLK

EagerElephant: I have no problem with you and everybody is welcome to their opinion so far as I am concerned. However, by stating "I have a DH who sounds very much like Alex", you implied I was everything you then went on to say by comparing me to your "DH". Therefore if that was not what was meant it was not me that got the wrong end of the stick, more that your written reasoning and comprehension of the English language is not quite to the standard you think it is.

7roland8

I think Elephant was more meaning with the spending Alex and not all the rest - so don't think any offense was meant.

None of us I don't think took it that you were similar in other ways - but you do have a good line in put down which must work great with your unruly pupils!

bess1234_2

When you stop posting, it's rarely been because your paying a your debts off so hard, or being so happy , that you haven't got time for your diary.......just saying.

Hope this is the case

AlexLK

Roland: Unfortunately, no one other than Elephant can truly know what was meant. However, I cannot say I was particularly impressed with her comments and subsequent backtracking.

Bess: A combination of being busy and not being very good with finances. We've spent far too much over this past week or so, quite an embarrassing amount on things we didn't need.

RainbowBridgeReturns

Can you wing it so that it comes out of Mrs K's side of the finances? .

AlexLK

It's Mrs. K's money that has been spent.

Mara_uk7

Well thats ok then ! .