My Hubby hid his debt from me for 18 months!

Freckles

Starmummy wrote: »

Wow. what an understanding person you are. It is really positive for me to see how debt effects the other partner. My debts are pre-Mr Star and I am guilty of not always understanding how he feels about it or from taking his help.
Although we seem to have turned that corner in recent weeks.

You are doing amazingly well. Your household income is similar to ours with Mr Star earning the huge share and me a similar amount to you. Knowing how to divvy up responsibilities has been a sticking point. It's interesting to see a married couple who mostly keep their finances separate (as we do).

I shall subscribe and follow your progress.

Take care
SM

Glad to have helped, I agree with responsibilities being an issue as it took us a while to get our heads around it and into a good working pattern too. Unfortunately, I took my eye off the ball and this happened but we are getting there.

We will always have our own money and a bills account, I am happy working like that as I have always been independent and like to know what I have to play with. Some people don't understand how after being together 14 years we are still like this but it works perfectly most of the time.
Our holiday's only happen if we can both afford it, we both pay half of everything. Jobs on the house, again each pay half and only if we can both afford it.

I feel so much more settled about the money and debt front now I am 7 months in and it has been going reasonably smoothly.

madvicker

Freckles wrote: »

Now the total is up to £41k and 10 credit cards between us.......as you can imagine my weekend, at this point, isn't going well. Three weeks into dry January and the wine came out, he's had the balls to say to me I couldn't have any wine :mad: brave man :mad:

Loved that part. You seem to have made really good progress, and I'm enjoying reading your successes and how strong your relationship seems to be. Keep it up!

PS. First DFD I have subscribed to

Freckles

Well, it's been nearly a year since my last update and it's been an interesting year on the money and relationship front.

We slipped a little on the spending, not as bad as before but some money went on to the existing debt. We took my parents on holiday for my mum's 70th birthday, we'd done it for my dad so couldn't not for my mum. We all had an amazing time and still stuck to our frugal ways with regards to booking cars, hotels, meals out etc. One of our hotels (a 4-night stay) was completely free as OH had enough hotel points to cover it.
This did end up putting £2k on my side of the debt though, luckily OH received a nice and unexpected bonus from work which paid for his side of things.

My original plan was to have everything paid off within 2 years, a year ago, I've added another 6 months on to that now which I don't think is unreasonable.
Of the total debt (£41,761) we have managed to pay off a whopping £22,528. I am so pleased about this but I do keep wondering just how did it get to be this bad, I know I do know but every now and then it does get to me and make me angry!! :mad:

We have stuck to being good with regards to our bargain shopping, visiting different supermarkets on different days to get the yellow sticker deals is working well. MySupermarket has been a blessing with regards to checking out the cheapest options for the things we buy regularly and both myself and OH have access to discount apps with work which means we can get supermarket loaded cards with a percentage off the amount you buy.

Last week I had time off work and instead of going away we re-organised the house. My kitchen is now organised and labelled up and I know what is in each cupboard so no need to buy something because I can't find it!!

Our relationship over the last year has taken one hell of a battering, ironically not from the debt but other things, thankfully we are still together and I hope it stays that way.
We have at least been sensible and discussed the issue of the outstanding debt and he knows if anything were to happen he will be taking it with him!!
I must admit this side of things has been a strain for me, my go-to for help seems to be wine at the moment which doesn't help when trying to save money on the shopping bill. We will sort it out, I've worked too hard getting everything on track again for it not too :rotfl: