Dear Quentin, I have a girlfriend and things are progressively getting more serious. We have been together for about three years although we had an eight-month breakup during that period. I am starting to feel that she’s anticipating a proposal, at least within the next year or two.
I am not where I want to be in my career, but I am financially stable and that is supremely important to me. I am not a fan of debt, especially consumer debt, but unfortunately my air-conditioning unit broke down a year after moving into my house in 2022. I had to do an expensive upgrade so I took out a deferred-interest loan for the repairs.
“‘She lives well above her means and most of that is due to shopping, drinks, and eating out.’”
I am currently paying that off and it has forced me to really budget for the first time. I have been only somewhat successful at budgeting in the past, even though I am conscious of my spending and my habits. I have racked up about $7,000 on my credit card. I am behind on it. I usually pay off my credit card in full most months. The bill is about $900 a month in order so it’s definitely stressing my funds. I also have a good amount of savings that could cover any unexpected debt unless something extreme happened medically. This whole situation has made me leery of the proposition of marriage to my girlfriend. We have completely different perspectives on spending and budgeting. We both have decent jobs, but not great. I make about $40,000 a year, and she makes about $50,000. She has no fear of bad debt. She has student-loan debt, about $12,000 or more in credit-card debt, a car loan, and very little savings.
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I am not where I want to be in my career, but I am financially stable and that is supremely important to me. I am not a fan of debt, especially consumer debt, but unfortunately my air-conditioning unit broke down a year after moving into my house in 2022. I had to do an expensive upgrade so I took out a deferred-interest loan for the repairs.
“‘She lives well above her means and most of that is due to shopping, drinks, and eating out.’”
I am currently paying that off and it has forced me to really budget for the first time. I have been only somewhat successful at budgeting in the past, even though I am conscious of my spending and my habits. I have racked up about $7,000 on my credit card. I am behind on it. I usually pay off my credit card in full most months. The bill is about $900 a month in order so it’s definitely stressing my funds. I also have a good amount of savings that could cover any unexpected debt unless something extreme happened medically. This whole situation has made me leery of the proposition of marriage to my girlfriend. We have completely different perspectives on spending and budgeting. We both have decent jobs, but not great. I make about $40,000 a year, and she makes about $50,000. She has no fear of bad debt. She has student-loan debt, about $12,000 or more in credit-card debt, a car loan, and very little savings.
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