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Relationships

Mumsnet has not checked the qualifications of anyone posting here. If you need help urgently or expert advice, please see our domestic violence webguide and/or relationships webguide. Many Mumsnetters experiencing domestic abuse have found this thread helpful: Listen up, everybody

My partner spent all our savings

377 replies

user1481292639 · 09/12/2016 18:44

My fiancé is terrible with money. He had debts when I met him which he paid off a few years ago when he received some inheritance and I thought that would be the end of it. The rest of the inheritance bought a few luxury items, new car, some of it squandered but hey, it was his money, I couldn't really begrudge a bit of guilt free spending. We agreed to put £10,000 of it into savings to start our mortgage deposit fund. However, a few weeks ago he admitted to me that he has now spent most of the mortgage savings. He couldn't even tell me what on, it's just been pissed up the wall over the last 6 months. I've put my sensible head on and taken control of the finances now as he cannot be trusted. He's agreed that's fine as he has a problem. But I'm still so angry about it!! I'm not working at the moment (I'm at home with baby) so we have no spare money to even begin to make those savings back up. So it will be up to me to save that money myself when I return to work. Which I guess is fine, it will be my house too, I should chip in. But I'm the one now having to bail him out. I've been scrimping and saving my £40 a week housekeeping for our honeymoon fund and had to use it to pay off a payday loan he had outstanding. How would you feel about being in this situation? Would it be make or break? I love him and can't fault him as a father or partner (bar the money issues!!) so have no intention of leaving him. But anyway, what are you opinions? Sorry for long post.

OP posts:
AcrossthePond55 · 12/12/2016 14:03

OP, I seriously think the main thing you need to take away from this is that you are completely unprotected financially in this relationship. That tomorrow if he chooses he can pack his bag and walk out and you will be entitled to nothing. Child maintenance of course, but if you read many threads on MN you will know that CM is usually woefully inadequate and that many men don't or won't pay it anyway. What makes you think that, in the event of a split, that he would be the type to meet that obligation? He obviously thinks only of himself.

Why are putting your trust in someone who has proved themselves so financially untrustworthy?

AcrossthePond55 · 12/12/2016 14:08

Just to clarify, I'm certainly NOT saying to marry him to be protected. I'm saying to go back to work!

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