flowmom | shifting from devastated to rebuilding

[flowmom]

email response from me to H:

Hi flowdad

I've just paid off the line of credit.

Thank you so much! I know you have been working really hard at dealing with our financial situation.

My suggestion would be that we shut the thing down. We would still have our credit cards and overdraft protection to act as buffers

Do you agree?

I like the idea of reducing our access to credit, but I must admit that I feel unsure about that idea.

I am definitely willing to stop any new borrowing from the LOC. On the other hand, my credit card is at $XXXXX at an interest rate of 11.9%. The LOC interest rate is at 5.5%. It would be advantageous to use the LOC to pay off $XXXXX of my credit card. That alone would save quite a bit of money in monthly interest payments. Then it would make sense to continue paying off the credit card then the LOC.

What do you think?

F

Any feedback on my response? I feel like it really matters how I deal with situations like this.

I ramped up my credit card when H wasn't giving me much money because he was putting it all into his business. My spending was high too, but he was blocking me on working out a budget etc so I had no idea where our finances were/are (and neither did he because his business finances were hopelessly mixed up in our personal finances).

Ugh. I feel yukky D/financial talks coming on...Wish me strength. This is a huge trigger area for both of us, with lots of layers.