Mismatched financial values(31 Posts)
DP and I have mismatched financial values and it's causing us loads of problems.
DP is a spender and I am not and I spend a lot of my time trying to stem to dam of the issues he causes. For example he recently changed jobs with a massive pay cut and this month has been really tricky as he didn't get paid for a full month last month as had just started the job. He knew it would be tough- we have had to dip into very depleted savings already- and yet while I have been scrabbling about feeding the kids from the back of the cupboard & taking in lunches to work etc, he has been withdrawing cash out of the bank & buying lunch for himself as he's too lazy/ unimaginative to check the cupboards and make something.
I am fuming about it- he'd utterly useless with money and selfish.
I've had years of his inability to manage money and it's wrecked our finances.
Aibu to be pissed off and think it's becoming a relationship deal breaker
That would be a deal breaker for me :-( Does he acknowledge it is a problem and would accept help? Or does he just not care?
I don't think he sees the issue to be honest and part of the problem is that he won't discuss any of it.
We are on the list for counselling but can't afford it at the moment because he's causing us so many financial problems
Deal breaker to me. This would end it for me.
Not simply because of this one simple act but because of how these acts predict your future with him.
You will forever be stemming the flow of his spending, selfish disregard for his family and unwillingness to discuss or compromise let alone explain his behavior.
My mil was led a dog's life by fil because he was exactly as you describe your dp. She ended up scrimping, paying off his debt time and time and time again over 30 years. Then she died, with nothing. Not even a penny to pay her own funeral. But fil somehow found the money to buy a football season ticket the week she died.
We paid for her funeral.
Please do end up like this, what are you teaching your kids?
YANBU if he is going to be selfish he should be alone, however it's hard when there are children involved. Perhaps you could talk to him about ways he could manage his finances and it's starting to effect how happy you are in your relationship.
He's compromising his own kids, they go without food and he buys lunches for himself. Nope, this would be the end for me. I'd ask him to leave.
I don't know how you fix this, I absolutely could not live like that, I'd be stressed beyond belief.
He has been doing lots of overtime this month. But the issue is that even when I ask him to not spend money, he still does. It's like living with a child. We have very little financial security- I have life insurance for my kids and a large death in service payment- he has nothing. I feel stupid for not seeing it clearly until now really - we've been together 16 years.
Long term, if it's as bad as you say, then it will end up being a deal breaker.
You are aware of the issue, so fix it:
-one joint account for bills, groceries, necessities and salary- he doesn't get the card and chequebook;
-one account for you, one for him, each with spending money transferred in.
Explain the issue slowly, clearly and several times. Don't be emotional, don't blame him. If he won't play ball then you know that you and your children aren't important and you know what to do.
P.S. I'd hate the arrangement described, (hopefully he will eventually be a proper partner about this) but better that than things get worse.
My first husband was like that.
In the early 1980's I had a baby a toddler and sometimes only 50p in my purse, utilities often cut off, no money to access, whilst he lived a life of sports club membership, business lunches out etc
I didnt know what the term emotional/financial abuse was then but that was certainly what it was.
If I had not "escaped" my now adult male children would have had dreadful role modelling.
Dont continue to be the second best in the relationship, he will maybe not be willing to change his views. That would be a dealbreaker.
33 years later he is still living alone, presumably doing his own thing with money hopefully not having been financially abusive to anyone else.
Sorry if that was a bit self indulgent moaning, I get horrid flashbacks when I here about others in a similar position and feel angry on your behalf
I would hate this. My dh is very cautious and handles a lot of the big financial things but neither of us are huge spenders. And are sensible with money. I couldn't live with someone who didn't give a shit about anything but himself. He knows it bothers and causes issues for the kids and still he does nothing.
I couldn't live with someone who I couldn't trust financially. You could end up on the street. I wouldn't want the responsibility of trying to control another adult. Nor would I want to be cast in the role of parent or nagging wife.
Are you quite tight though?
Saying that he does sound selfish from what you've said. But I general are you very restrictive with money? I once went out with a guy who wouldn't get a pint in the pub on a day out with other couples, he would get tap water and wait for someone to offer to buy him one because he didn't want to spend. But would spend on his expensive hobby not saying you're like that, but maybe he would respond better to a compromise?? But why has he gone to such a low paid job???
I don't think you are being unreasonable.
It might be worth saying to him he needs to stick to a budget or else.
My ex was like that, and racked up thousands in debts. It was a relief to manage my own finances.
I'm in the same boat as you. I've no advice to offer unfortunately but it makes life very difficult.
This isn't about you though - it's about your children ,their future, financial security.
Yes it's a dealbreaker and I'd be thinking simple ultimatums, not counselling. The lunches thing shows you just what a shit he is. He seriously does not care, has no financial sense, and is HAPPY to see you scrimp as long as he can wing it.
Sorry but I'd be sitting down and saying that either he gives you complete control over the finances or you split. His choice.
If he won't discuss it what's the point of being on a list for counselling
Without him you might be better off. At least, you won't be seething about feeding your kids PotNoodle and tuna because he bought himself lunch in Pret.
Cut and run.
Experienced this behaviour for years. It hid a bigger story which grew as MH problems, bereavement and work issues accumulated
XH fraudulenty extended our joint mortgage to the extent that even with my 6 figure salary I thought we might be on the streets. Realised I had been paying for every normal thing, so he could indulge himself. I divorced him, thankfully he did feel guilty so didn't come after my pension.
I was 50 when I realised the extent of problem and took action. My regret is that the signs were there for many years before that, but I concentrated on earning more not sorting out the root problems.
It cost in terms of money but also in terms of the DCs world view and my self esteem.
However 5 years on I know that, albeit somewhat belatedly, I did the right thing.
I know you shouldn't have to but would it be maybe better if you set out a budget and he sticks to it??
*-one joint account for bills, groceries, necessities and salary- he doesn't get the card and chequebook;
-one account for you, one for him, each with spending money transferred in. *
This is what me and DP are planning to do when we merge our finances. We are moving in together next month, and although we have enough we feel to live comfortably if we are sensible; we think its the safest way to share fairly and reduce the possibility of any mismatched spending.
I tend to do splurge buys once every 3 months for clothes/ makeup etc, where he buys consistently each month- so it evens out.
I think its worth a shot, and definitely better if on unequal salaries, or to help budget - to divvy it up into different chunks.
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