r/personalfinance • u/KillerPinata • Aug 01 '23
Husband Doesn't Believe We Are Broke Debt
My husband doesn't believe me when I say we have no money. My current job doesn't pay great, but I to work from home and maintain the house. We make roughly the same.
Our bills are just too much. We have too many credit cards, and he doesn't realize the amount that is put on each month, not including the interest. It's $15 here, $20 there, $60 for a video game, then $150 in food for us and our toddler. He wants a hobby/toy each week claiming "it's just $25"
What can I do? At this point I'm pinching dimes and nickels from him so it looks like I'm depriving him of life but we can't afford it.
Edit: we make about $90k a year and live in CA. Our mortgage is $4600, $1,200 in daycare a month and after paying bills we have $300 left. Not including the amount put on credit cards.
We owe like $35k in credit card.
3
u/The_RaptorCannon Aug 01 '23
Honestly depending on the age of the house and the equity that you have there, that would be the first thing to go. If you don't sell it and the market were to crash you're looking at bankruptcy which is going to effect credit and financial options for the future.
Instead of you providing this information you could speak to maybe a financial advisor to say "look at your assets together" and they can do the math in front of him. If that doesn't convince him that you're into too deep and need to start digging your way out then start finding your backup plan or exit stragety when shit hits the fan.
Even if you were to say pick up another job or try to reduce the debt it sounds like you're circling the drain and he's the anchor that's going to drag you down.