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Author: dsemmler Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308782  
Subject: Re: I'm being selfish! And I hate it! Date: 9/14/2003 12:51 AM
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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.

Does he know how you feel about this or do you keep it hidden? It may be best to have an honest discussion about your feelings and discuss this issue together. I can fully appreciate the difficulty of dealing with a partner that does not seem to always share the same financial restraint and/or goals. In the past, I had paid my DW's credit card off completely and she ran the balance back up.

As far as what to do with the balance transfer, what about doing something where you split the amount between your cards and his cards. You could transfer the $2200 balance on your MBNA card and maybe $1300 from his MBNA. Leave a little cushion on the card just in case.

Then, if it were me, I would probably snowball that card first even though it had a 0% interest rate. The reason for that is you are combining debt from each of you on your card so it would be in your best interest to eliminate that ASAP.

Also, with a snowball of $1500, you should have all of this debt eliminated in a relatively quick amount of time. Again, I highly recommend you talk with him about your feelings and apprehension to transfer his balance for fear he would run it up again.

Honest and open communication will go a long way towards making this debt repayment easier and more long-lasting!

dt
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