Regular Contributor
tpatterson2k9
Posts: 155
Registered: ‎04-04-2011
Re: Financial Follies that Break the Relationship

So my girlfriend (who is still the one I've been with since my OP) received her nicely sized federal tax refund today.  When I asked her what she was going to do with it, she said she is going to put it away in a savings account (not a CD or anything like that) and forget she ever received it.  After asking her if she still had a balance on her 24% APR credit card, which she pays just a little bit above the minimum on each month, she said yes, but she didn't want to use the refund money to pay it off because she would be putting more charges on it anyway next semester (six months away). 

 

With the refund she received, she could pay off the whole balance of the card and still have 80% of the money left.  Even though I tried to explain to her that if she paid off the card it would be like giving herself 24% interest (because she would no longer be paying 24% interest on the card), but she doesn't seem to understand this concept.  I really wish I could understand her logic, but I just can't.  It bothers me so much that her financial decision-making is so off-base, but it's not enough yet for me to break it off with her.  Anyone have any words of wisdom for me (besides ending it now, because trust me the thought keeps coming back to me, but I still love her)?

 


Starting Scores (lender pull 3/27/10): 759 (EQ), 752 (TU), 749 (EX)
Current Scores (myFICO 4/4/11): 768 (EQ)
Goal Scores: 800


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