No. of Recommendations: 0
DH and I aren't really married, yet. We plan on taking care of that after this tax year.

He makes $55k a year as an engineer, I make $28k as a librarian. That is, I will when I start my new full time position on Monday (yay me!). I was making half that working half time--not by choice.

He pays the mortgage and his car out of his account (for tax reasons) and the rest of our money is pooled into our joint account that I use to pay for utilities, food, student loans, and the dreaded CC bills.

What I have:

CapOne - 9.9% - $450
National City - 8.9% - $3200
MBNA - 10.5% - $2200

What he has:

MBNA - 13.5% - $6600

This means we have $12450 in CC debt. Our total snowball amount starting next month will be $1500. I think we can have this paid off in just under a year. I was approved for a Citibank Illumina Card with a limit of $3600 and balance transfer option of 0% from the date of 1st transfer, up to 6 transfers, for 6 months. After that 9.9%.

I'm trying to decide what to move. I know it looks obvious that I should move as much of DH's MBNA as possible, but something (selfish) inside me is holding back. Last year I transfered $4500 from his MBNA to National City for a 0% rate that has since expired (and now remains at $3200). And while he has been so good for the past 6 months (he doesn't carry the card anymore), I can't help but feel resentful that his card has run back up so high. We both had a problem in college, and now we're serious about getting rid of the debt, and honestly a big chunk of his card were emergencies (i.e. airfare, tuition) that we didn't have an efund for. That is quickly being corrected.

Please tell me I'm being silly. I mean, he brings home more bacon than me, and he pays the mortgage... I just hate putting so much debt in my name, even if it would be paid off fairly quickly.

Any thoughts?

laura

Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement