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Financial compatibility with your significant other

6 replies

Financiallyopposite · 29/08/2023 10:06

NC for this just in case!

I've been with my DP for 8 years, 2 DC 5 and 4 years old. We have a mortgaged house with approx 33% equity and a measly £500 in joint savings as a paltry emergency fund.

We're a bit rocky at the moment, I don't know if it's that 7/8 year mark or just our life affecting our relationship at the moment. We currently have separate finances with a joint account for the joint expenses but I'm struggling as I earn less having been the one to work around school and pre-school. Youngest is starting school next week so with access to wrap around care I'm looking for a new job rather that working the two jobs I do at the moment. I used to have considerable savings but I used them as my 'earnings' for my maternity leaves almost back to back as our DC's are less than a year apart.

We combined finances completely last year for a while when DP was working up to 80 hours a week as it meant I obviously took on the child/home care side of things and worked PT between school hours (approx 30 hours a week). We budgeted, made a plan together to pay off debt (we have a lot between us, he has a lot more than me) but he didn't like it as he felt 'controlled'. So we separated our finances. He's recently got a new job which he works less hours for but earns a lot less. I'm pretty sure his outgoings exceed his income all debt payments and frivolous spending considered.

I'm trying to follow the Dave Ramsey method to get myself in a good position but it's hard on a low income and he keeps borrowing from me and I have to wait for his payday to get it back. He owes me and our joint account money this month but he's bought an Xbox on payday so it doesn't look like I'll be getting that back.

He has no consideration for the future or saving for things such as Christmas or holidays. I'm in a constant state of high stress because I just don't feel we're compatible and I don't see a way out. I don't know what to do.

OP posts:
Phineyj · 29/08/2023 10:50

Alvin Hall's books are good on this kind of problem. They're a little old now but don't go out of date.

Financial compatibility with your SO is so important, I've always thought it ought to be compulsory to discuss before marriage!

BananaSun1989 · 29/08/2023 10:54

The XBox would really piss me off.

Therealjudgejudy · 29/08/2023 11:19

He bought an xbox before paying bills? Is he 15??

nameitagain · 29/08/2023 11:22

So when he earns more it's his and when he earns less he takes it from you?

Financiallyopposite · 29/08/2023 15:38

It feels that way @nameitagain 😩

OP posts:
ForthegracegoI · 29/08/2023 15:52

You don’t sound like a partnership at all. How do you make any decisions? Like with his decision to change job and earn less - did you have any say on or input into that?

he sounds really immature. I’m sorry you’ve got this far into a relationship with him before realising this. What does he say about Christmas or birthdays or savings? Doesn’t he feel any responsible towards these?

Stop bailing him out. And if he consistently fails to stick to your mutual agreement to share the cost of bills, I honestly couldn’t stay with someone that values the instant gratification of a shiny new Xbox over keeping his family housed, fed, clothed.

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