You see I too at one point did have a problem with spending too much on things that if I would have only waited could have pay for in cash rather than using the credit cards. My balances have been typically going down the only time mine increase is when we are transfering something of his on to mine because of interest. Now we have been paying on them and getting the balances down but when push comes to shove I want to pay more but there just does not seem to be the extra.
Why? H does not want to give up on the things that he has gotten use to, like buying lunch at work rather than taking it, or stopping a getting a pop on the way to work rather than buying bottled and taking it with him. Granted I too have the same habits, but I have been cutting back on the amount of times that I go out for lunch or stop on the way to work to get a pop. These are just a few of the little things that just suck money out of our monthly money that comes in.
Now on to the over time, we can get by with out his over time, so we are not so much dependant on it but on the flip side we are not putting any extra away from the over time. The reason I know that we are good even with out his over time, I actually looked at the money that we need to have going out each month for EVERYTHING even down to our heating costs in the winter. With that factored in we come out with an extra 200 a month, that is even with putting 100 away out of each of my paychecks.(Ok I think last night I was in panic mode and forgot that I did work the numbers out)
I too think that it is a BAD idea to take yet another loan out of his 401k but that is like talking to a brick wall. This morning I asked him if he planned on working until he was 70. Because at the rate that he is saving he will have to work until then in order to have enough money to live on. Right now I know that I don't have enough for the age that I am at. At one point I was on track and then I don't know what happened but I only have about 25K myself. H is at about 35k to 40k together I think we should be well on the way to 200k we are a far cry from that. I beleive that H would be around the 75 to 80 range if he would not continueously take loans out. I know even financial planners say not to take a loan out, that it is not the best move for the long term.
H and I did talk a bit about it this morning, and H nailed it for me at least that money is a BIG problem with me. So I asked him if you know that it is why don't you fix it. When it comes down to it he will say one thing and do another. As for the long term goal, we can talk about it all that we want and nothing ever comes of it. This is a constant struggle between us and until we can come to a comproimise it will alway be a struggle. You see I want to have all of the debt paid off by the time that his next union contract is up, that is in four years. That not be a problem to get them all paid off by then, as long as we don't get further in debt.
H's truck will be paid off next year along with a term loan that we have, so then we are just left with our credit cards. But the problem that I am already seeing is that when we get those paid off we will not take the 'extra' and put more on the other accounts that we owe on. We had a loan at our credit union that has been paid off since November and we have not taken that payment and shifted it to another account. You see if I would take that payment and add it to one of our credit cards we would have that credit card paid off in less than two years I think closer to 18 months.
Now with all of that said, if we do roll the payments that we have been making on all of our debt and keep paying out the same amount each month, I can say with confindence that we can meet the goal that I have to be debt free by the time his new contract rolls around. But as I said H does not even think in the same book as I do on things like this. Now we will still have our house payment and probably a car payment but that we can handle just fine, that will end up being probably about 2k a month, and that would be for a REALLY nice car.
H has been preaching communication...Back to the repo truck sitch... I have been thinking that he has been doing nothing. Well I guess he has been, he has called the lawyer to get the guys girlfriends last name. Which we could just go down to the court house and get a copy of the deed to the house she purchased the house that they were living in. And H also had an address search done with the company that did that for us. Now H thinks that the truck is still here in MI and not where they are living now. So H is driving by the guys dads place after work to see if he can see if it is stored out there. It's kind of funny we need to put a repo order out on our repo truck. So H has been working on it but this morning was the first that I have heard that he was doing anything. RRRRRRR
OK I do feel better now. Sorry both of these posts have been so long but for me to get it out here helps when it comes time to talk to H about it. I have already gotten most of my toughts organized and out. Even though it may not seem like it here. Thanks for reading and any further input.
