Credit Cards Center Credit cards from our partners
Reply
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: GF problems


Letterer wrote:

Just want to share that I was your gf Smiley Happy for too many years.  A lot of 'magic thinking' when it came to money.  Somehow it was more elastic than finite and I believed that there was always somehow more than enough money.  Anyway, my way of doing things did cause a lot of problems in my life and my marriage.  FINALLY, older and wiser, and getting things together.  I truly didn't see my behavior as a problem.  My husband, who had the opposite belief system (there is never enough), let me do the bills.  He thought that would help.  It didn't.  It didn't because all we did was fight about money, bills, etc.  I juggled incessantly!  No solution there. 

 

The kindest thing you can do for yourself and your girlfriend, is to be honest, set limits that you will keep, keep your money separate, and expect her to contribute.  


This is an excellent post...  Thank you for sharing!     

I agree whole heartedly with what I highlighted in red above.


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011
0

Re: GF problems

I think a lot of us have been in this situation before and would do it over again of we had the chance...my advice is get rid of the joint checking acct and start a mint acct or something similar. Take her off your CCs if she is on them. The thing to remember is that when your married her debt becomes your debt and vice versa but right now its your debt and her debt. You are at the age where its important to learn to manage your assets and start looking into the future. Some people won't do a budget or keep to the budget because the are scared or don't understand (I was one) but once you establish a budget you will be amazed at the frivolous spending habits you have ( it will take a few months to perfect your budget). It sounds though you have someone who is in need of some financial help. You should do a budget and sit down and get her input on the areas of spending. Don't make it a blamefest but rather a "I need your help to make a budget" kind of meeting. If she still refuses to be financially responsible than it may be time to do a little soul searching
ccpics2.jpg
New Member
Posts: 3
Registered: ‎03-14-2013
0

Re: GF problems

I'd love to get an update from the OP. I realize it's a long shot, but in the case the OP ever comes back around, I hope he at least separated his finances from his gf's. at that age, there's really no reason for joint accounts and joint CC's. You both need to learn how to manage your spending so that you can pay down your debts and start saving. You're just making it that much harder by trying to do it as a couple, before you've figured out how to do it as single people.

It's a good sign that your GF doesn't want to use credit too much. It means she recognizes she isn't ready for that responsibility. Perhaps she's insecure about her lack of financial literacy, and that's why she turns to you to take the lead. She's very young though, and it's really for the best that she learns how to manage her money on her own, without you or her family looking it for her. Better now than later. Good luck!
Frequent Contributor
Posts: 364
Registered: ‎10-25-2012
0

Re: GF problems

I agree with everyone else separate checking accounts and if they are not her cards do not let her use them . My GF makes way less than I do but we split the bills in a fair way I pay  rent  and most of the bigger bills . She pays for the electric , water , and cable. It is a system we have and it works for us the bills I pay are in my name and the ones she pays are in her name. I think it gives her more of an incentive to make sure they are paid knowing it is in her name. Some people just can not have joint accounts a former gf of mine was that way always " borrowing " from me but I would never get paid back and was stuck with all the bills.

Member
Posts: 10
Registered: ‎07-30-2013
0

Re: GF problems

I agree with you, Thanks for sharing this great tips with us.  I have read your post and found it very help-full for all of us. I will definitely try for it.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.