My SO and Credit Cards..Sigh
Getting frustrated with my SO. He and I have such differing concepts about money. He let's me control the money as far as allocating what to where. I set aside money for his personal use each week (our checks between us fall so we get paid weekly), $100/wk which I feel is very generous. I allot $100 for myself for an entire month! And this allowance doesn't include gas BTW.
Anyway, he burns through it in 1-2 days, and then he turns to the credit cards and charges small amounts or does cash advances repeatedly. I've told him how we need to stop the CC use for frivolous things because we do have significant CC debt. And I've explained to him how cash advances cost us more than purchases because the interest rate is higher for the advances. He says he understands as agrees we need to tackle our cc debt, but then he goes out and uses the CC anyway!
I think his allowance is plenty, and he needs to learn to budget that better so he wouldn't have to resort to the credit cards. Ive asked him too if he thinks his allowance is sufficient, and he always says hes good with where its at.
I can't get anywhere in this debt. Our mounting CC debt makes me increasingly anxious! I pay over the minimum, but it doesn't matter when he charges $150-200/wk on random crap.
I think I'm going to take away his credit cards, but then I wonder if that's appropriate?? Ideas? Advice? How do you and your SO handle money, allowance, and debt? Idk what else to do and I hate the debt load were under. Why it doesn't phase him who knows...wish I could just ignore the debt the way he does.
Achieve your health goals from period to parenting.