Thanks for eveyone's support

iVillage Member
Registered: 10-06-2004
Thanks for eveyone's support
1
Wed, 10-27-2004 - 11:50am
I referenced in my first post that my DH has no idea about our debt. I appreciate everyone's comments. I guess I just want to clarify why I don't want to tell my DH. Its not because I am worried he will be mad. Its more because, although we owe a lot of money, we are in a situation where it isn't out of control. I can afford to make above the monthly payments, I have the balances on two very low interest cards and our credit rating is excellent. So, knowing that the only control issue is my spending, I am working on that. I haven't charged anything in the last couple of months. Everything has been cash. Anyway, I don't want to tell my DH because it actually will create MORE stress for me.

When he worries, it makes me worry even more. Its not that he will be mad, he will panic. I just do not think there is reason for panic yet. Now ... if one of us loses a job, then we will have to have a serious discussion. He isn't completely in the dark. He does know that we have credit card debt. He just doesn't know how much. He hardly spends any money. When he does, he usually checks with me on the method of payment. If we charge, we always try to use American Express because we are forced to pay that off each month.

I guess I just don't want people to think that my DH is a bad guy. Its just the way our relationship works. What I have to figure out is my cash flow. I really think the key for me is paying the debt -- but also making sure that I have enough cash on hand each pay period that I am not forced to use the credit card. This is where I run inot trouble. I over pay on a credit card and then suddenly kids need haircuts, groceries cost more than I budgeted, sump pump goes out etc. and I don't have the cash on hand to pay for it.

The reason I posted that day is because I did need to say the number out loud to relieve some of the burden that I feel that I am carrying on my own. Anyway, even though we are at $38,000 (actually now $37,400), it is managable for us at this point. I just hate having debt and it does worry me because although it is manageable now ... I do worry if one of us happens to lose our jobs that it would be devastating to us. So, now I am starting to ramble. My goal is to have everything paid in 5 years.

iVillage Member
Registered: 05-10-2004
Tue, 11-02-2004 - 12:06pm

I held off posting because I did not want to come across as being rude or judgemental.