Credit card - any of your business ?

[GeneLovesJezebel]

Is your DH/DW’s credit card bill any of your business ?

@gogohm

Yes if you are married. Even if you have separate bank accounts legally you are jointly responsible. Talk honestly about money, saves so many problems

Not in the UK you aren't unless it's a joint debt. If in had credit card debt my husband would not be legally required to pay it or be responsible for it

His cc is being paid for out of the joint account? You are sure that some of it is a 'hobby' you are not interested in.

Can you have a conversation? His hobby gets paid for out of his spending money. Joint account is for joint spends. Holidays, car, utilities etc. If he wrote out his will, would he claim this collection is his that he could bequeath to someone? As in, he alone owns it. If he does claim it as his own possession, then he alone pays for it.

Does it take up room? Need insuring? Most investments need looking after to be in pristine condition, say, records or Star Wars toys.

If it’s a joint account it needs to be used jointly. Id just cancel my next transfer to the joint account and explain it wasn’t working jointly while he took what we he wanted to pay off his credit card purchases.

If you are married
Their debts are also your debts
Be smart, check it out

DH and I put our salaries into the joint account then take a bit out each for personal monthly spends. It's entirely up to DH what he spends his personal money on and ditto for me.
However we have full access to see what's spent on each credit card when it's paid for from the joint account.
Sounds like you each need some hobby money.

Yes, when it affects the family finances.

I don't know why married people would want it a secret unless they're doing something shady with it.

If you have any element of joint finances then yes. If he is servicing the debt with joint income, and/or if a future credit application - for example a mortgage - will be impacted by existing debt.

It depends on how you manage your finances.

So if your joint account is for bills / food / household joint expenses, then he shouldn't be paying off spend on his hobbies from that account.

If he gets to spend £xx from the joint account on his hobbies, then you should get to do the same.

And no, saying something will be worth £xx so it's an investment for your joint future - I don't buy that. If it's something that was bought solely as a financial investment, from your joint account, then you should have been involved in the decision making. Otherwise he's just feeding his hobby off your money.

I would say it is if joint money is being used to pay for it. A personal credit card I’d expect someone to pay from their own personal money, unless the card is a joint one.

I didn’t even know Dh had a credit card until we were doing our mortgage application. I’ve no idea what he uses it for. Our personal spending is entirely separate though.

If you can't agree about money and how much can be spent on hobbies etc you really shouldn't be married to that person.

With us we have equal spending money - all our money goes into the household pot and we transfer a set amount to each of our own accounts to spend as we wish. If my dh uses his to pay off / fund a credit card I wouldn’t care as long as it’s affordable debt and it doesn’t creep up to the point it would impact us doing other stuff. Transparency is key.

We have one joint account and each have a credit card that gets paid in full from the joint account.

Neither of us has access to the breakdown of the other's credit card.

I don't need to see what shizzle my DH is spending his hard earned on and he doesn't need to see how much my botox, etc. costs.

People have different things they value spending money on so if ya'll can afford it and he's not draining the account and leaving you penniless then I don't see the problem.

I asked him to take money out and put it in his own account but he wouldn’t.
Now he’s paying off the CC from our joint account and our savings account.

I don’t have a credit card. DP does. He often buys nappies/bread/milk/wipes the week before payday with it. Usually whoever is paid first, pays it off. More often than not he’s paid first. But i don’t mind paying it either. Its never anymore than £50-£60 to clear the card.

@MistyFrequencies

No because our money is separate. If we had joint finances it would be.

No it isn’t. Your money is not separate if you are married. You are linked whether you choose to act independently or not.

But he’s living beyond his means if he’s paying it off our joint and savings account.

I would take everything thats your share out of the s savings now op, assuming you contribute equally that amount is half of: (current total plus everything he has taken for his cc)

First off ,I would move half, or whatever you have put on savings, into a secure account. Same for joint account, only put in what you need for bills, dd and so. Don't leave any extra in there.

If its coming out of joint money or in any way impacting household bills then yes absolutely it's your business.

Both dp and I have CC but we don't ever expect the other to pay the bills and always make sure we meet the household commitments. Anything where the other would say they have to pay the CC over food etc becomes the others business.

There are very few collections that would be reliable in terms of investment. I grant you there are some but it's extremely rare to be sure that the market for them won't change. Certainly not sire enough to get into debt for (and I'm absolutely not an angel with money but collections are very rarely worth the time)

Yes. Unless you keep completely separate finances and it's not affecting any shared money or family money. (Which it sounds like this isn't the case here!)

Unfortunately the collection has been growing without me knowing, and in fact I’d say he’s become quite sneaky/devious about it.

Why is he even using a credit card for a hobby? Surely it amazes more sense to set aside x amount of actual cash per month and budget accordingly?

I assume it’s so I don’t see what he’s spending, although he’d probably come up with some reason as to why it’s ok to do it.
I was going in a cupboard in the garage recently and he tried to stop me as there was something he’d bought in there, and he didn’t want me to see it.

In a marriage (without considering divorce) money is only joint if it is in a JOINT account or on a JOINT credit card. If the account/credit card is in a single name then legally the money/debt is only attributable to the person whose name is on it.
Marriage does NOT mean that everything automatically becomes joint. That has not been the law since 1882.

We have joint finances so while obviously we don’t scrutinise every payment the other makes, hundreds of pounds is something I would want to know about.