Okay, so I know after I tell all of you this my husband is surely going to look even worse than he did from the previous post.
Also, some of you were asking about my previous CC debt. It was about $1500 and most of it was stuff I had charged from our wedding; favors, invitations, etc.
Some more back story: H is planning on cashing out his 401K from his previous job *yes, probably a huge MM no no but I tried talking him out of it and it was no use*
Anyway, he'll get about $9K in cash and he wants to put in a savings account to gain interest (also to have as a cushion if we were to have any type of emergeny; good, right??). So then I suggest that maybe he could use some of that money to help me pay my student loans since my interest rate on those loans is higher than what he'll earn in a savings account. He then blows his lid and starts yelling at me, says, and I quote: "If you ever think my money is your money I'll divorce you tomorrow."
I let it go after that, all I said was "I don't want your money."
Five minutes later he apologized for yelling at me but we didn't discuss the money situation any further.
In other news: I just got my first paycheck of the year and it went down $40.
Yep, start protecting yourself. Anyone on this board knows I am anti-divorce, but this isn't going to last. Marriage doesn't mean what he thinks it means.
Honestly, right now your money concerns should be focused on the possibility of divorce. He does not sound like he wants to be your life partner and you deserve to be treated much better.
Yep, start protecting yourself. Anyone on this board knows I am anti-divorce, but this isn't going to last. Marriage doesn't mean what he thinks it means.
does your H know that there is a 10% penalty on any money he takes from a retirement account? You really need to talk to your H and possibly go see a counselor to discuss his issues with "his money." This would be a deal breaker for me if nothing changed.
ftr, I didn't see the op so I don't know the backstory.
What does he think is going to happen to "his" money when he divorces you? I really don't think he gets that you are in a partnership now, and money is part of that partnership. I'd start protecting yourself too.
I don't think you're going to be able to get through to him no matter what you say...because his thoughts about money and marriage are so twisted. Would he be receptive to an authority, like a financial planner? I think you should see one together.
Also I really think you should start planning for the fact that divorce is likely here if he can't get on board with the team mentality. If he didn't want to be part of a team you guys should have stayed room mates.
whoa. I agree with the others, this is a HUGE problem and you need to protect yourself. I would want nothing to do with someone who wouldn't even take my opinions into account when making financial decisions (cashing in a 401k to earn interest?? omfg) and who treated me with so little respect. I'm sorry.
Oh my. You and every other person, deserve to be treated better than this. I say this as someone going through relationship and money related issues. Please, protect yourself.
So, uh, are there good things about this guy who doesn't share "his" money and doesn't cook or clean or grocery shop or cut the grass, and who thinks that his work is more real because he works with his hands? And who accuses you of stealing "his" money? And who doesn't understand how investments work?
Laid hardwood floors in our dining room and office?
Start protecting yourself as others have said. I would probably be getting your finances in order and start thinking about either counseling if you want this to work or a divorce lawyer.
That's what I would have said to him. He sounds like a peach.
I agree with PPs. At least ask him if he would consider counseling, if you want to make any attempt to save this marriage.
Otherwise, start getting your affairs in order. I'm really sorry that you have to deal with a H who is so selfish and really doesn't understand what marriage is about. I mean, aren't you guys supposed to be a team?
Just read through it. You guys need some marriage counselling to work on your communication and partnership and you both need to go talk to a financial adviser to tell him that pulling out his retirement just to save it again is just plain stupid. It accomplishes absolutely nothing. And I assume there's some kind of tax penalty involved.
You also sound like a bit of a doormat (sorry!) if you just shut up and let him yell at you. Maybe you should see someone individually.
does your H know that there is a 10% penalty on any money he takes from a retirement account? You really need to talk to your H and possibly go see a counselor to discuss his issues with "his money." This would be a deal breaker for me if nothing changed.
I told him about the penalty and taxes but it's no use. Seriously, why would anyone with an undergrad in business, working on a MBA, and who is an accountant know anything......seriously
The only money I consider "my money" is the weekly allowance that H and I both get. Earned money is our money. That is part of being married. WE paid of H's single-life debt because it would make out married life easier/more financially stable.
I agree with the others. If H still has the 'me' mentality it might be time to prepare yourself for the idea of what might happen.
I'm so very sorry. I hate to jump on the divorce wagon but you don't want to live like this. You deserve someone who wants to be in a partnership with you. Not someone who is willing to take everything you have to offer and offer nothing in return.
You don't seem to be defending him or your relationship much, which makes me think that this is either MUD or you already know that your marriage is going to end in divorce. If its the latter, then get out ASAP so you can move on with your life.
I don't even know where to start. Cashing out his 401K is just such a terrible, terrible idea. He will have to pay penalties and taxes, plus the money IS earning money for him- it's invested! (or should be)
I'm also very sorry that he turned so ugly on you and was so mean and awful.
does your H know that there is a 10% penalty on any money he takes from a retirement account? You really need to talk to your H and possibly go see a counselor to discuss his issues with "his money." This would be a deal breaker for me if nothing changed.
I told him about the penalty and taxes but it's no use. Seriously, why would anyone with an undergrad in business, working on a MBA, and who is an accountant know anything......seriously
Proof that just because you have a degree, doesn't mean you are smart.
I'm sorry OP, but if the best quality you can come up with is he laid some floors, I think there are some serious problems. In no way would I let anyone, let alone my husband, speak to me the way yours did.
You don't seem to be defending him or your relationship much, which makes me think that this is either MUD or you already know that your marriage is going to end in divorce. If its the latter, then get out ASAP so you can move on with your life.
This. If you're not MUD and you stay married and your income increases with your MBA he can come after you in a divorce. Deal with this now.