Keeping debt from husband

iVillage Member
Registered: 06-01-2004
Keeping debt from husband
11
Wed, 08-17-2005 - 11:32am

I wrote back in March about my husband not knowing about some debt. Well, what had happened is he claims expenses and gets reimbursed each month but some months we couldn't afford to pay the entire balance so I paid as much as I could. I had kept his balance from him and finally broke down and told him and promised it would never happen again. He was great and sympathetic.

Well, it has.

His credit card bill is now sitting at $4000.00. I have a mutual fund of about $3000.00 that I could use to pay it off and he wouldn't probably find out. I promised him the first time that I would talk to him if it happened again would never keep something like this from him again. Well, that didn't happen.

I don't know what to do. I'm just sick with guilt and worried he'll leave me.

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iVillage Member
Registered: 05-09-2005
Wed, 08-17-2005 - 6:16pm
Hi--
I personally doubt that this is "your fault" --but the only way to solve it is to never use the same credit card he is using for his business. We really had the same problem -- somehow we never seemed to get all the $$ due for reimbursement, so I'm guessing my DH was losing some fo the bills.
Anyway -- he has a separate account for his stuff and credit card charges for him are on one card and is paid out of his account. It's the only thing we found that worked.
Don't take the $$ from the mutual fund -- you didn't spend the $$ on yourself -- some of it was spent on him too -- probably groceries among other things.
The two of you probably should make a standard household budget tho just to see how much you really are spending just to live. Go back over the last 3 months of your bank statement -- that should give you a pretty good idea. Then start now and continue for the next 30 days writing down every penny that is spent -- that will fine tune your budget. He needs to know too where the household $$ are going.
Good luck -- many of us have been there. And not having a handle on how much you can spend each month is probably the problem.
Megan

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