HELP NEEDED TO AVOID BANKRUPTCY - CAN YOU HELP?

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Posted by: RickBlaine
Date: Feb 19 2012 9:38 AM

Can you help me convince my wife that we need to change to avoid losing everything? For 2011, our income was $25,700. But we spent $38,300. That means we put $12,600 on our credit cards. We did the same thing last year and looks like we will do it again this year. I have tried to explain to my wife (and myself) that if we keep going like this we will loose our house, our car, and everything we have. It just does not get through to her. She has to have everything and refuses to cut back on any thing. (She has promised she would not charge as much on credit cards next year.) Even with getting more credit cards (our credit is still good right now) sooner or later we will be cut off. Can you offer any suggestions on what to do? I just can't get through to her or our kids on the danger we are in of loosing everything. Maybe not this year, but certainly soon. (Bankruptcy is out of the question for reasons not given here. HELP!!!! Suggestions requested.

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For starters cut ALL the cards up. Only purchase what you can PAY FOR then and there. As the man of the house put your foot down and stick to it. Filing bankruptcy is not good. It WILL cause severe financial trouble even after the 7 year period that follows a discharge of bankruptcy.Me and my wife have been there; not to your extent but we went bankrupt due to medical bills and yes some in there were charge accounts. We had to pawn our car ti tle and cash checks at check agencies to keep food on our table and pay bills. Take charge NOW while you still have the option to do so.
take all her things and pack them up, give to the mission in exchange for staying there a night or two. take her car and park it where she can not find it. Do this when she is asleep or on a trip. this way it will seem like the car has been repoed.
You need to do plastic surgery on your wife. To do this get you a good pair of scissors and cut them all up. End of charging more on your credit cards than you make. Learn to live on what you two make.

Assuming she does not work. Make her get a job. You pay the mortgage but make her pay the utilities and groceries and the things that won’t cause you to lose your house at least. Let her see through that, what managing a budget is all about. Also, do not let her have credit cards to wreck during this time either. Make sure she has her own checking account to maintain while doing this also. Maybe this will teach her financial responsibility. However, even though that worked for me, I am no longer married that woman anymore and since the divorce, SHE went bankrupt a year later so be careful taking advice from me. The better of the advice would be counseling either marital or financial. Just so you know, YOU are not alone with this problem. It goes both ways between the sexes. Not just women.
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