Sorry this is a bit of a dull AIBU, warning in advance.
The background detail - I work full-time in the NHS, DH had his employment terminated just over a year ago due to ill health (anxiety and depression) and has been unable to work since. He receives standard rate PIP and a little over £100 a month in universal credit, these plus my salary go into a joint account. We have 4 DC, aged 14, 12, 10 and 2 (3 from my first marriage and 1 together).
The disagreement we’re having is in regard to finances. DH has a bank account with an overdraft of £700, it’s currently £450 overdrawn. This has been over the last few months, in particular the run up to Christmas. He gets worked up over financial matters and struggles with the thought of being in debt. Early last year I opened an ISA to try and get some savings behind us (after DH lost his job I thought it would be prudent), and pay £50 into it on paydays.
The ISA now has £450 in it which my DH wants to use to clear the overdraft. I’m really against the idea, I’d rather leave the savings alone. We could pay off half the overdraft the end of feb, the other half end of March. For me that’s preferable, just pace ourselves a bit. DH thinks I’m being illogical (his words) as he’ll accrue further charges that could be avoided by paying the overdraft now.
AIBU by refusing to use savings to pay off overdraft? What would others do?