Comments on: $80,000 in Credit Card Debt

By: Jenn

Jenn — Wed, 10 Sep 2008 19:48:23 +0000

I don’t think it occurs to most people unless they are in or have been in that situation. It does make things a little more interesting and at times difficult. I definitely see us combining accounts once the child support is over. It’s a lot to manage with separate accounts and splitting the bills & budget. We both keep each other in the loop on our accounts and we have our budgets side by side in the spreadsheet we use. I think it’s important to talk about the current state of things be it with separate finances or joined.

By: messy

messy — Wed, 10 Sep 2008 18:21:30 +0000

Jenn – I never thought about a situation like this. My husband also pays child support but since I’m a SAHM something like this never occurred to me. Thanks for enlightening me!

By: Jenn

Jenn — Wed, 10 Sep 2008 12:41:29 +0000

My husband and I have separate finances because he has child support to pay for his two children from his previous marriage. Until he no longer has a financial obligation to pay child support our finances will remain separate. He stays current on his child support but even an error on the state’s side could cause them to come after his accounts. We can’t risk all our money being frozen to where we can’t support our home and income. Sometimes you do it to protect your own family.

By: twiggers

twiggers — Tue, 09 Sep 2008 19:58:51 +0000

Separate finances works for so many people….not for me though! I figure if we’re in the marriage together then we’re in everything together!