How to drag yourself out of debt with a DH that can't stop spending?!?

[KatsMother28]

Hi

Looking for some advice here as I feel like I'm drowning and can't talk to DH about it. My DH and I bought a house 5 years ago with a mortgage + from Northern Rock. At that point we were fairly debt free as the + part if the mortgage paid off existing debts.

5 years down the line we now have a 2 year old, I work part time and due to spending, salary cuts and other problems we now have 1 car loan, 1 personal loan, 3 credit cards, 4 overdrafts and owe families money. All in all I estimate we owe £130k on an income of less than £24k a year (between us).

We run 2 cars so as to get DD to MIL who provides free child care as my DH works shifts. We do have certain luxuries such as Sky TV and Internet but this is the only pleasure I get. We haven't had a holiday in years, don't go out and I don't spend money on myself as I can't justify it.

Unfortunately, my DH doesn't have the same issue. At Xmas he bought himself a PS4 after getting an Xbox1 the week before on trade in & just yesterday he took delivery of a iPad Air as he broke his old one by leaving it on top of a car.

What the hell do I do (and please don't say ltb as it's not an option) :(

You could still go to CAB, Stepchange et al for advice now without going down the IVA or bankruptcy route . They will help you write to creditors freezing interest and agree a payment plan with each. It might help your dh grasp it better once someone else is involved.

I hope he can follow through op. Just look after yourself x

I can really recommend listening to Dave Ramsey's podcast. It's quite drastic but he was bankrupt and talks a lot of sense.

I was in a marriage like this.

Was

It was awful. I'd be furiously ebaying stuff then he'd be treating himself to CDs and stuff. It was awful.

Any progress op?