My boyfriend is horrible with money.. what would you do?

So, my boyfriend is horrible with money/financial decisions.

He makes good money but his checks disappear within a few days. He spends hundreds of dollars on tools he doesn't need, fast food, etc. He's in the middle of filing bankruptcy now.

Well, we decided that he would hand over his checks to me and

So, my boyfriend is horrible with money/financial decisions.

He makes good money but his checks disappear within a few days. He spends hundreds of dollars on tools he doesn't need, fast food, etc. He's in the middle of filing bankruptcy now.

Well, we decided that he would hand over his checks to me and I would be in charge of his finances from now on.

So, I just found out he's asking his friends for cash now! He already owes one friend $500 !

I'm so stressed out over this, I love him dearly but this is absolutely ridiculous!!

Best Answer:

Anonymous: DO NOT manage his money for him. You are just enabling him. Tell him he needs to sort out his own finances or it's over. He needs to learn to do this for himself. He won't learn if he turns over his paychecks to you

And are you sure he doesn't have a gambling or substance abuse problem? Because he shouldn't need to borrow money if he's just spending on living expenses
My sister was dating a guy like this. Successful real estate agent, nice guy, made a lot of money but always broke and always wanted to borrow money. Luckily she never lent him anything. After 6 months she found out that he was a cocaine addict. He hid it very well from her and from most other people. Then one of his friends happened to make a comment about him going to do coke when he went to the bathroom while they were at a restaurant and it finally all made sense why he was always broke

Other answer:

Anonymous:
You can't change people's bad habits because they are born with them like homosexuality. Your best option is to get rid of him and look for someone with more common sense and intelligence.
BeeLiz19:
You have to ask yourself a very important question; is this a need that you have from your life partner, that they be stable financially, independent, and self-controlled?

If the answer is yes, then you need to tell him this is where you re at. That this is a need you have and that if he is unable to be that person, you can t see the two of you working out. He either gets it and really learns to get his **** together (and you can t do it for hm), or you mutually decide it s better to part ways. It s not a threat, it s just the reality of what you need.

If the answer is no, then it s up to you how long you want to put up with the roller coaster. If this is the case, I would just say protect yourself. Keep finances always 100% separate, you hanging onto his cash is clearly not helping when he will always find a way to "get around the opposition", and right now you are that opposition.

You are not his mother. You are not his wife (and even if you were the advice would be the same). He s a grown man (even if he s in h/s or college, he s an adult like you), and the only one who will get their butt out of gear is him. Sadly, it probably won t happen until he simply has nowhere to turn to, and unfortunately that won t come soon enough – someone is always there to "loan" money to him…

Protect yourself. Finances completely separate. That means if you two decide to look at renting or owning a place, you don t consider his income as part of the price point, and his name doesn t go on any agreements. If you have kids in the future, you re the one who will set aside savings for them, budget for the family s livelih

Gereme Barrett:
Tell him if he's going to throw it away, put it into something that will make him money.

http://getpaidtopost.info

B:
Do not open any joint accounts with the bf, he will drain them. That is the first thing. Next, tell him, he needs to understand finances, and sit him down with a budget planner (find one today)
tro:
you may love him dearly but until he is able to handle his own finances himself successfully you are only asking for a lifetime of grief with him
until he changes himself, it won't work, you have already seen that in taking over his finances and he asks friends for loans
get out now while you have your own money
coraann:
Just don't ever marry him. His friends will come to you for the money.
Judy:
This is probably a deal-breaker. Tell him if that doesn't stop immediately, you're through.

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