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    1. #11
      Damsel Diva Moffgal
      Location
      Here, unless I'm over there
      Posts
      9,950

      Re: How comfortable are you with debt compared with your DH/OH?

      Over the years DH has reined me in re my spending, I used to be terrible in my early twenties. Combination of rubbish pay, first time living on my own and still wanting to be able to go out, buy new clothes etc. Racked up about 4k and got a loan to clear it and pay it off.

      Now we're on the same wavelength, hate debt and the mortgage is the only thing we owe. Like Chell we took advantage of the 0% credit when we bought our sofa and dining furniture.

      Oh, DH does have his van on HP but there are more tax advantages to keep swapping for a new van every time the current one is paid off, and DH has the money in savings to pay it off in full if he ever needed to.





    2. #12
      Doesn't give a *!* Damsel DillyDally
      Location
      Everywhere and nowhere
      Posts
      17,624

      Re: How comfortable are you with debt compared with your DH/OH?

      We are similar - but it's my (good, in my opinion ) habits rubbing off on him. We save up for things - holidays, house improvements, whatever.

      I know we are unusual though, borrowing rates have risen over the last ten years (in the UK) whereas saving has fallen (I would give source, but my course book is upstairs ). My parents taught me that if you don't have the money for something, then you have to save it up, not bung it on a credit card. It would make me to have loads of credit card debt.
      Dilly xx

      Clean Sweep - my decluttering and home organisation blog.
      Don't save things for best - make every day your best day.

    3. #13
      Damsel Diva
      Location
      here & there
      Posts
      27,493

      Re: How comfortable are you with debt compared with your DH/OH?

      We've got similar attitudes to money -we're both incredibly tight and no debts. We use credit cards for air miles but these are paid off in full monthly.
      He's more spontaneous with his spending occasionally but within our means.
      My job is so uncertain ATM, DH works for himself I wouldn't want to commit to anything financial right now.

    4. #14
      Ignoring the rain LibertyGal72
      Location
      South East
      Posts
      3,687

      Re: How comfortable are you with debt compared with your DH/OH?

      Your DH = me

      You = my OH
      libertygal


      Kathy Lette: ...women are each other's human Wonderbras uplifting, supportive and making each other look bigger and better.

    5. #15

      Re: How comfortable are you with debt compared with your DH/OH?

      My DH used to be like yours and we used some of our wedding budget to clear the credit cards he had and had a smaller wedding. We (well,l I) didn't want to start married life in debt.

      Since then (and since having a joint account that everything goes through) I've kept an eye on it all and we've been savers not spenders.

    6. #16
      Damsel Diva
      Location
      Berks
      Posts
      6,178

      Re: How comfortable are you with debt compared with your DH/OH?

      My DH thinks nothing of spending on big things such as windows, garages but seems to count every penny, which annoys me no end. For example, I've been to the shops and bought the kids a couple of magazines and he will be giving me the third degree about how much they cost.

      For a large purchase, I would have to think about it. However, in your situation, I'd do it now because, if you don't, you probably won't for a few years because of your financial situation plus you won't want the disruption with a small baby/young child so I do agree with him in that respect. I find my DH nested in this way when I was pregnant with DD. I would be putting it on the house, though, and certainly not credit cards or loans.

    7. #17
      Damsel Diva Peony
      Location
      NE UK
      Posts
      10,067

      Re: How comfortable are you with debt compared with your DH/OH?

      Me and DH are almost opposites. If we weren't together I'd have a fortune in the bank and sit on wood pallets whereas DH would be skint but stitting in a Ferrari. He encourages me to spend on nice things and I temper the lifestyle he aspires to but can't afford.

      FWIW I think if you have equity in the house then 10k on a garage isn't a 'bad' debt to have. It isn't as though he's blowing 10k in a casino or down the pub. At least you'll have something to show for it. Maybe just figuring out with him how you are going to manage the repayments once you're on SMP will make you both see if you can really afford it.

    8. #18
      Got husband, need wife! Dr Spouse
      Location
      In my mad scientist laboratory, getting children to do difficult things
      Posts
      13,395
      We are similar in that we mostly pay off debts, and look on the mortgage as a different class of debt. We have a flexible mortgage and we got our windows done (again pretty urgent) by extending the mortgage.
      We do have some savings but it was actually cheaper to do it that way, same as it can be cheaper to have 0% cards and savings, but always pay off the cards. I did that for a bit but it was a pain to keep shuffling them so now we go for cashback.
      I think we are both naturally slightly stingy, but hopefully in a sensible way (my mum won't ring my mobile even in an emergency because it's too expensive, but is not at all badly off, and it can be awkward when someone is that stingy!)

    9. #19
      Damsel Diva Velvet Chain
      Location
      Wiltshire
      Posts
      8,125

      Re: How comfortable are you with debt compared with your DH/OH?

      We used to be really opposite with me waiting until we had the money before doing anything and him taking out a loan willy nilly without thinking things through....now if we don't have the money, we don't get it/do it, so we put money buy each month so that if there is something that we want/need to do then we have the money available - the reason being is that you don't know what will happen in the future, job situation, health etc etc and I don't want a loan hanging over my head.

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