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DH's Financial Meltdown

June 5th, 2009 at 03:24 pm

It finally happened. DH has had a financial meltdown. He has two cars that he hasn't been able to make payments on in months. (he has made very poor financial decisions in the past and this is the worst of it!) They called this morning and said that they have turned it over to the sheriff's office because he has been hiding them from repossession. Neither one of them run and one has been sitting in our driveway since last summer! The other is at his mom's house. But to say that he has been hiding them is crazy! He has told them to come get them! Stay tuned for further details.

He told me this morning that I am acting like I don't love him. I think it is because I won't/can't bail him out of his financial mess. He won't give me specifics. He said that he has asked me several times to help him file for bankruptcy, but I haven't. I remember us talking about it, but that was it. Plus I have tried to help him with stuff in the past and he doesn't do what I tell him needs to be done. He is sticking his head in the sand and hoping that things go away! It doesn't work that way! I don't know how to support him...I try to tell him what he needs to do, but it is up to him to do it!

Yes we are married, but I am not putting my(or my kids) financial future on the line by taking out loans or anything, not that i would qualify for them anyway! If he truly loved me,, he would understand that. There are so many things he could do but he doesn't. He is spending more getting back and forth from work than his making. he says it beats sitting at home. I have suggested things to him, but he will do what he wants to do.

Anyway, I am venting. I am at my wits end. He is giving up. He said that maybe spending some time in jail would be good...let the taxes he has paid support him for a while. This goes against everything I believe in. I wasn't raised this way. I love my husband, but I just don't know how much longer I can stick in there! Other than our financial issues, we are a perfect match!

20 Responses to “DH's Financial Meltdown”

  1. ceejay74 Says:
    1244216178

    This is good stuff, what you're writing, very articulate. I understand your situation and believe you love your husband "even though" you won't bail him out financially. Make absolutely sure you're telling him all of this, in just this way. If he doesn't get it, though, you must stick to your guns about not involving your own money. You're close enough to the edge yourself that trying to help someone as financially chaotic as your husband could push you into ruin.

    You've got some good advice for him. I only hope he listens before it's too late and it busts up your relationship!

  2. pepperbradford Says:
    1244216495

    I've never been where you are (marriage wise), so I won't pretend to relate to what you're going through. However, I am married, and I can tell you that one of the things that we have learned is this: everyone tells you that marriage is a committment, but no one tells you that marriage is also hard work. You have to actively work at it daily. Money is the #1 conflict that divides couples today. If this same issue was happenning between you & your kids, you wouldn't let it make you question your committment as a mother. Don't let it make you question your committment as a wife. As hard as it may be, stick with it. I'll be praying for you & your husband.

  3. creditcardfree Says:
    1244217454

    A counseling session or two wouldn't be a bad idea right now. Bring in a third party to help you communicate during this stressful time.

    Best wishes!

  4. north georgia gal Says:
    1244217489

    Pepper...you are right. I would not bail on being a mother. I would like to think that when my kids get old enough to stand on their own that they will take my advice and not expect me to bail them out. I understand that marriage is a commitment...it is tough when I don't feel like DH supports me(and I don't mean financially). I have felt that for quite a while.

  5. north georgia gal Says:
    1244217716

    CCF...I wish I could get him there! Even getting the information out of him this morning was like pulling teeth!

  6. Nika Says:
    1244218337

    It is very hard, especially when these people are otherwise nice and decent. They just don't get that their financial problems are logical consequences of their own actions and instead choose to see it as some misfortune that just "happened to them".

  7. north georgia gal Says:
    1244218631

    Nika...YES!!! Exactly! That is what I am fighting against! You said it perfectly!

  8. Apprentice Bliss Hunter Says:
    1244218887

    Tou are 100% doing the right thing...

    If his financial ship is in danger of sinking, there is absolutely no point in putting a big hole in the bottom of your ship just to satisfy him ! What about the kids????

    Tour husband is in the wrong on several fronts as far as I can see:

    He bought the cars - Not you.
    I presume their not necessities since they're not even running.
    He's trying to guilt-trip you in jumping into the fire with him even though it will be futile.
    Is he not thinking of the best interests of his family as a whole as opposed to his own little corner ?

    Wow... he really is something... maybe the stress is just bringing out a bad side to him - as you say otherwise you are a perfect match..

    Best of Luck ! And keep strong on protecting your own and your kids financial future...:-)

  9. merch Says:
    1244220412

    Your doing a great job on your goals. Keep the focus and momentum going.

    All I can say is that some people need a gentle nunge and others need to be hit with a frying pan.

  10. Broken Arrow Says:
    1244224364

    OH MY GOODNESS is this entry like Deja Vu for me. That's the same thing I got from my ex-wife. She used to tell me that if I didn't do certain things she wants me to do for her, then I don't love her. Seriously, at one point, she even said, "[The boyfriend] does this for me. He doesn't freak out and nag about money." That was roughly when we were only 1 to 2 months separated. What in the world?

    Of course I loved her, as I'm sure you love you your husband. But at the same time, for the spouse to ask us to perform the financial equivalent of jumping off a bridge with no safety whatsoever as a way to prove our emotional commitment is just plain crazy!

    Suffice to say, girl, I'm with you here. Just hang in there and keep on protecting your family the best you can. While I am a firm believer of treating relationships as a team effort, sometimes, individuals also need to change for the better, if nothing else, for their own salvation. He needs to change, or else he might risk losing things that are even more important than two defunct cars in his life.

  11. north georgia gal Says:
    1244226716

    Broken...I just don't know what to do...short of holding his hand and making sure that he does the things he needs to do. When we first married a couple of years ago, I attempted to keep up with everything he needed to do, payments he needed to make, etc and it about put me in the funny farm...because he wasn't trying. So I had to stop and just take care of my stuff. He has never come out and said that he expects me to pay for his stuff, but the implication is there. I just refuse to baby him...he needs to take care of his stuff. Now if he was turning over his check to me, I would gladly try to come up with some sort of budget, but that isn't happening, so I am at a loss.

  12. Broken Arrow Says:
    1244230988

    Ah, well, speaking as a guy who didn't understand money either at one time... I'm afraid the only way for him to learn is the hard way, and by himself. That's how I learned so....

    Who knows, maybe this car incident will finally do it. I do recommend to keep encouraging him towards your path of financial responsibility. Perhaps offering some help towards that end (but not bankruptcy) would be great. He's probably going to be a little sensitive and sore in light of all this, so he needs to know that you are still his best friend and confidant, even if you will not help him destroy himself. And that, if he ever wanted to try things your way, you'll be more than happy to help.

    But these things are always easier said than done eh? I know. I've been there, done that... and failed. But I hope that you can avoid that. I wish you the best.

  13. Ms. Pearl Says:
    1244240956

    So sorry. I think he needs to face reality instead of hiding...it looks like reality may have found him first. Good luck to you both, I think counseling is a great idea.

  14. gamecock43 Says:
    1244297169

    I am late to the conversation- I hope things have changed for you since your posting. Your blog post was very emotional and well written. I really am interested to see how things will play out. I hope you will give updates. It sounds like this is more than your husband can handle alone. It sounds like a normal paycheck is more than he can handle alone- let alone so much debt. I think you need to set up a "conversation time" 2 or 3 x a week. Not just wait till he has the meltdowns or something gets repossesed.

  15. north georgia gal Says:
    1244299554

    Game...I have tried to keep him informed of the expenses coming up. Each time I try to start the conversation he tunes out. He listens, but doesn't contribute. Just not sure how to get him to engage in the conversation. He still thinks that I am hiding money from him.

  16. Petunia Says:
    1244345916

    Ah. . . the ostrich (put your head in the sand) approach to life. It's tough to live with. Don't bail him out. That's part of how he got here in the first place. . . not you necessarily bailing him out but others doing it earlier in his life. "Tough love" feels mean for both the giver and the receiver. . . but in the long run it's the best, kindest thing you could do for him. (Although I'll admit I'm hardly one to be giving advice - by the time I get to the "tough" I've run out of "love") Good luck.

  17. gamecock43 Says:
    1244383195

    Keep trying. I know it feels one sided- but I'm sure he tries to get you to pay attention to something you just zone out about. My hubby tries to teach me to fix things. Or program electronics. I zone out because I hope/know he will just do it. The more I know how to do it- the more likely I will have to do it when he can do it so much faster and easier himself. I guess that's what he does. He desperately wants you to do it for him. Not a great attitude, but keep trying to work with him.

  18. whitestripe Says:
    1244417904

    people like your husband have to hit rock bottom before they realise what deep doo-doo they are in.
    DF's dad is like this. He spends way more than he earns. He is in debt, but keeps getting his mortgage extended to 'keep his business going'. He thinks he is entitled and deserving to enjoy his life (which includes gambling, meals out, new cars and hundreds a month on alternative natural therapies). The money he gets to 'keep his business going' he spends on those things, but when you tell him, he says 'no, that was for the business', and he sticks his head in the sand about it. DF's dad, like your DH, is nearing rock bottom. You can only guide him to a better path, but you cannot make him do what he does not want to do. Otherwise he will resent you, even if the outcome is better than bankruptcy or jail, and he will not learn. He will do it all again when he has the chance, unless he has a completely terrible experience to draw on, to think back on and go 'i don't ever want to be there again.
    You must remind him that bankruptcy has huge issues for his future financial dealings. And that jail will be on his record forever. And then tell him, that he has the ability to get himself out of the mess, but that HE has to do it, because he put himself there.

  19. zetta Says:
    1244852752

    I'm curious how it works for you to be married but "financially divorced" from your husband. Is this just a state of mind or is there something you can do in your state to enforce a legal separation of financial matters? Can his creditors come after your assets? Do his actions impact your credit score?

  20. LH Says:
    1245826303

    I was married to a loser with credit card debt that made my life a horror show. He made a good salary but I could barely afford to buy clothes for our child and I wore the same outfit for days at a time. When my husband died, I collected his life insurance and am now in total control of my finances. I have bills paid on time, no debt, and savings. I do not miss my husband. I think you should get a real divorce from this guy because he is wrecking your life.

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