I’m in process of trying not to freak out.
He works for his uncle and is paid half of his previous salary ($48 down from $90). He works 7:30-2:30p and only recently started driving Lyft because i had a panic attack and threatened to leave him (i know that’s not the right answer but i don’t know how to get through to him). There was a period of time that he was not getting paid at all and didn’t tell me.
Context on his job - He obviously needs a new job but he won’t listen to me and his uncle will never fire him, so here we are... TBH, I️ think he’s scared he won’t be able to get a new job, but i also know he just doesn’t want to have to go to a normal office and he thinks he can get by because I️ make good money. He was a teaching professional at a golf course before he started working with his uncle. The two of them are trading futures electronically. They have someone write codes that say “this trade has a max win of x$ and a max loss of x$.” They haven’t been able to make a profit in years and he keeps telling me to be patient, but it’s been three years. To be fair, they were successful at this about 5 years ago, to the point of making over 100k a day (edit: the company, which is a well known firm, not him personally), but that was before we were married and he NEVER SAVED ANYTHING! I’m going to find a sub-reddit to ask more about the trading (any feedback is MUCH appreciated) and possible career options.
I️’m so ignorant in this area that I’m not sure what our first steps should be? Maybe a consolidated bank loan? Are any of those loan consolidation companies safe to use? Should we cut up his cards and add him as a user to my credit cards? Should bankruptcy be a consideration?
Adding insult to injury, we had been looking for a new car because we have a 2010 American made SUV that has been having some problems. It’s got about 100k miles and 8k left on the loan, but it’s only worth 6k (monthly payment of $400). He thinks we should leave the car alone for now, but I️ think we should try to get rid of it to make sure we have a reliable car (no surprise $) with a lower monthly payment. Thoughts?
How did I️ find out? I’m in process of starting a new job and we’re talking about moving to the suburbs of Chicago. We have always had separate accounts and a joint savings. I discovered he had taken a few thousand out of the joint savings without telling me, so we had a “come to Jesus” conversation where he agreed to sign up for the app HoneyDue, so we could get everything in order. Then this morning he added his credit cards to the app and i was able to add up all the debt for the first time.
TL:DR, husband just came clean about 30k CC debt . Aside from reducing spend and cutting up the cards, what are our options for paying down the debt fastest?
Submitted November 10, 2017 at 10:13AM by howwwwisthispossible http://ift.tt/2jezPc7
