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Fucked up massively

142 replies

Notaschoolgatemum · 29/01/2023 15:24

To be clear, this is entirely my fault and somewhat of a FWP but I am panicking nevertheless at my own stupidity.

DP and I have a shared Credit/Charge card which we run all household expenses on to earn air-miles for holidays. DP is a high earner and although i used to be a high earner, I run our small business taking a minimum salary so that I can spend time with our teenage child before they leave for Uni and I’ve nursed my elderly father prior to his death last year. I may go back into the industry I was in before after they leave for uni but at the moment I rely entirely on DP for money. So not to drip feed, We have been together 20yrs. DP is fair in some respects and splits all available monthly income so we have equal spending money per month. However I’ve become aware he has received substantial bonuses and managed to save a substantial sum of money. He decides when we are going out etc. I have no access to this as it is all in his name. We support DSD’s at Uni as well as our DC. He is very generous with gifts but has no idea how much stuff costs when say he invites friends to stay for the weekend. I was deprived of money growing up and I am hyper aware of being poor so I often cover up when I am short to avoid embarrassment and the shame I felt when I was a child which is silly I know. To date, I have been very proud and not asked him for money so when stuff adds up beyond our household monthly budget I’ve gone without and covered the extra from my ‘allowance’. But I’m also ‘expected’ to show up as a ‘groomed’ for events which obviously costs money. I’ve also got into a situation where I’m in arrears rather than having the money to pay in the current month. Also my own fault. Last year, said card company lost a payment of ours totally several hundred £. They were entirely shit at finding the money with any sense of urgency hiding behind their service level agreements. Since then, their system has credited and debited the same amount at random points but often split across billing cycles so debited in one billing cycle then crediting in the next but as the interest penalty for not covering the entire bill in full is massive I’ve covered the extra. However back in August after a holiday I miscalculated the bill and didn’t realise the cc. had credited the amount lost twice in the same month so I thought I had more to spend. And I spent it on family stuff - DC was starting a new school so it went on new uniform etc. As I previously had the money this was not an issue but before Xmas the cc Co debited back the money and I thought it was a mistake so I didn’t pay it believing I didn’t owe it. But I do, plus the interest. So now I need to pay back the money plus the interest. I am worried sick. I don’t have the money and my low salary on paper means I have no access to credit. My bank has yesterday refused me a loan for the amount. I floated the idea yesterday about the situation but DP has shut down the conversation about it saying ‘we can’t possibly owe them anything’ . He’s right of course. He doesn’t but I do. And I don’t know how I’m going to pay it without incurring further interest on the entire monthly bill. I’ve spent the morning digging out stuff to eBay but it isn’t enough and won’t be in my account by Tuesday when I need to pay it. I’m considering pawning some jewellery I don’t wear every day but I doubt it’ll raise enough. I’ve also never been to a pawn shop.

I don’t know why I’m posting really except to get it off my chest. I deserve no sympathy there are other people with far worse issues than me. But I guess this is my world at the moment and I can’t escape it. I know they’ll probably be LTB comments but this really isn’t his fault. I need to put my big girl pants on and explain how much stuff costs moving I guess. I can’t just go and get a job instantly without raising suspicion.

OP posts:
DeFacto · 29/01/2023 16:46

If you are only paying yourself a minimum salary presumably there is money in the business account for you to take a large enough dividend or director's loan to cover the outstanding CC?

Are you married? You refer to DP.

He's financially abusing you btw. I imagine he's not great in other ways either.

Notaschoolgatemum · 29/01/2023 16:48

@Ponderingwindow thank you. This is definitely what I want to do. Unfortunately we have a DC school event tomorrow so I don’t need drama before that. He has a big week at work this week so I’m also sensitive to him not being stressed about other things. Him losing his Job right now would not be great for the family,

OP posts:
Sublimeursula · 29/01/2023 16:48

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RandomMess · 29/01/2023 16:49

I think ask for the loan and if he asks why then you need say because the monthly allowance is no longer enough. Because ultimately it isn't for the lifestyle he expects you all to have.

Sublimeursula · 29/01/2023 16:49

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Violet80 · 29/01/2023 16:52

Op I get from what you're saying that you feel there's no way you can tell your partner what's happened and I doubt I can persuade you to tell him, so... in the short term, can you phone the credit card company and explain what's happened due to them crediting and debiting? Which was actually down to them (so they do have some responsibility) and caused you some confusion and therefore you overspent. People make mistakes with credit cards, they'll have dealt with this type of thing before and the advice is always to talk to your cc co if you can't make the repayments. Then they will hopefully be able to arrange some kind of payment plan with you for what you owe? It would at least help with the situation in the short term, giving you time to figure out everything else going forwards Flowers

Babyroobs · 29/01/2023 16:52

Notaschoolgatemum · 29/01/2023 16:45

@Fancylike he really isn’t nasty. Like a lot of men, lost a shit ton of money in a divorce and is wary of doing the same again. We are not married.

Do you realize how vulnerable you are ? It sounds like you are in a financially abusive relationship- he has access to money and you are worrying. You are not married and have little income of your own. Once this crisis is over for goodness sake re-evaluate your position, up your earning potential and protect yourself.

ReamsOfCheese · 29/01/2023 16:53

Just pay yourself more and pay some tax on it! It's not hard. This is entirely a problem of your own desire to avoid supporting the NHS, schools etc.

Viviennemary · 29/01/2023 16:54

You spent the money so of course you owe it. Tje whole financial set up sounds shambolic. You need a frank talk about your joint finsnces. The set up isnt working.,

Notaschoolgatemum · 29/01/2023 16:55

I’ve sent him a monthly budget. He’s upped the DD to the joint account. Unfortunately he doesn’t see how tight the family budget is so that we can’t accommodate extras. He thinks he earns enough to have the finest range in any supermarket. He has no idea about what things cost.

DSC are supported from his wages before the excess is split. I don’t begrudge this obviously. But not do I know exactly what he earns. I’m massively terrified of him dying and me having no short term access to money as it would be illegal for me to access his account even though I have his PIN number. I’ve told him this. He thinks I’m being dramatic.

OP posts:
Babyroobs · 29/01/2023 16:56

Notaschoolgatemum · 29/01/2023 16:55

I’ve sent him a monthly budget. He’s upped the DD to the joint account. Unfortunately he doesn’t see how tight the family budget is so that we can’t accommodate extras. He thinks he earns enough to have the finest range in any supermarket. He has no idea about what things cost.

DSC are supported from his wages before the excess is split. I don’t begrudge this obviously. But not do I know exactly what he earns. I’m massively terrified of him dying and me having no short term access to money as it would be illegal for me to access his account even though I have his PIN number. I’ve told him this. He thinks I’m being dramatic.

You need to bring in some decent earnings of your own. With one teenage child it is perfectly feasible.

IMustDoMoreExercise · 29/01/2023 16:59

I would ring the cc company and tell them what has happened. They are at fautl because they keep debiting and crediting the same amounts.

Tell them to remove the interest and to give you as long as you need to repay the amount.

If they say no, then say that you are going to make an official complaint and do it.

Notaschoolgatemum · 29/01/2023 16:59

@Violet80 thank you. Unfortunately the cc Co can take up to 35 days to deal wit. Any complaint. This is why I’m in this situation , if I don’t pay the missing money plus the interest owed by Tuesday I’ll owe more interest on the whole balance. This is joe a charge card works. It’s a ball ache. @ReamsOfCheese all NI and taxes are paid on the money taken. The business does not make a profit large enough to sustain a larger wage.

OP posts:
SeasonFinale · 29/01/2023 17:01

Why isn't he paying towards the expenses you paid out for DC.

I think you need to be honest and if the only way at the moment is to borrow from him ask to do that. Then reconsider the relationhip and whether you will pay him back afterwards.

TokyoSushi · 29/01/2023 17:10

How much is it?

Are you planning in theory to pay off the whole card on Tuesday? Or just the minimum payment? If it's the whole card, could you just pay the minimum payment instead to buy you some time?

The whole set up sounds awful but let's try to deal with the immediate issue first.

Notaschoolgatemum · 29/01/2023 17:18

@TokyoSushi thank you. I need practical help so I appreciate your response. it is a Charge card (American) not a normal CC. Failure to pay the whole balance incurrs interest on the whole balance not the balance remaining.., this is the issue. I raised the complaint mid November, told them I wouldn’t pay the money I didn’t think I owed. They said they’d sort it. They didn’t then added more interest in the Jan statement, they finally formally replied yesterday saying I owe the money. Including interest it is now around £1200. I have £600 in a savings account but this is all the money I have. . No one I can get to speak at the card company will be able to waive the interest that will added on Tuesday if I don’t pay the £1200. It will only get worse.

OP posts:
Scienceadvisory · 29/01/2023 17:19

Just start taking a decent wage out of your company. You've got in this mess because you don't want to contribute fairly to the tax system so I have limited sympathy. Your partner doesn't sound great keeping his bonuses to himself but then, as you don't have joint money, you are contributing to your step kids. You also perhaps aren't contributing fairly if you are deliberately drawing a low wage.

Is your child his? Because if so then he should be paying his fair share of costs there.

RedHelenB · 29/01/2023 17:21

Notaschoolgatemum · 29/01/2023 16:45

@Fancylike he really isn’t nasty. Like a lot of men, lost a shit ton of money in a divorce and is wary of doing the same again. We are not married.

I think you need to get a proper job. You don't need to be at home with teenagers.
If you have an endowment maturing soon juat make what payment you can on the credit card and accept you'll have a few months interest to pay until you can clear it totally.

TokyoSushi · 29/01/2023 17:24

Ok so we're talking about a shortfall of £600. Do you have £600 in the business that you can borrow? In theory does DH have £600 he could use to pay?

Does he already know about the messing about with the credits and debits?

I think it can be fairly easily explained away if he knows about the errors so it might be that you just have to ask.

For full disclosure, I have a DH who can also be slightly tricky with money (not terrible, but it's there) so I understand and can feel your panic.

BlueKaftan · 29/01/2023 17:26

Screw your small business and get a proper paying job.

Sublimeursula · 29/01/2023 17:26

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Notaschoolgatemum · 29/01/2023 17:29

@Scienceadvisory with the greatest respect, you’ve no idea what I’ve contributed to the taxation system in my working life but I can assure you it has been substantial. My situation right now is that we have a start up business that simply doesn’t sustain me taking a larger wage. It does however support the local economy. And enable me to emotionally support my DC before uni. As things get better/become more stable I’ll be able to take more and pay more tax. This is not a Nadim Sahawi situation.

OP posts:
Notaschoolgatemum · 29/01/2023 17:35

@TokyoSushi thank you. Theoretically I could ‘borrow’ it this month but I’d need to give it back next month as we don’t have anything spare right now. I definitely won’t have it then either. He has already shut down the conversation yesterday as he doesn’t believe we owe it. He is right. I do.

@BlueKaftan I’m right on the edge right now. So I do hope your unhelpful contribution makes you feel better this evening. Maybe consider that people posting on this forum just need advice.

OP posts:
Scienceadvisory · 29/01/2023 17:38

Emotionally support your dc before uni? You're having a laugh right? Most parents work full-time and can still be there for their kids. A 16 year old will be in school 30 hours a week then have homework and maybe a part time job on top - they essentially work a full-time job.

And if you are getting into debt and struggling for money, then you can't afford to work as little as you are doing.

Your earlier post said you weren't taking a larger wage for tax reasons not that the business can't sustain it.

RandomMess · 29/01/2023 17:38

I think you need to be honest that you need to borrow the money because that charge is bouncing in and out and you've got confused and they are adding interest and you can't cope with the stress and it needs paying off until it is all sorted out properly and you need his help.

Flowers