My husband has terrible credit and money issues. I always had great credit and plenty of money, but once I met him that all changed. I have had to pay bills for him and since his credit is so bad he couldn't get a 25,000 loan to buy a new motorcycle so I put it in may name. He used my credit card to pay for $4000 worth of stuff FOR the motorcycle. He is paying me the needed amount every month to pay things off but the fact still remains is that I have nearly $30,000 (well about $25,000 now) in loan debt due to him.
At age 41 this is what I currently have as monetary assets:
$32,000 in checking/savings
$30,000 in CDs
$65,000 in my IRA
This is solely me, in my name. My husband pretty much has zilch except for his paychecks and whatever he has in his 401k. I realize that I never should have let him coerce me into the loan. I freak out because I really only have $27,000 that I can use right now. I can't touch the IRA for about another 20 years and I don't WANT to touch the CDs (besides I can't without a penalty of withdrawal).
As far as where I am, am I doing okay regardless of the loan and credit card?
At age 41 this is what I currently have as monetary assets:
$32,000 in checking/savings
$30,000 in CDs
$65,000 in my IRA
This is solely me, in my name. My husband pretty much has zilch except for his paychecks and whatever he has in his 401k. I realize that I never should have let him coerce me into the loan. I freak out because I really only have $27,000 that I can use right now. I can't touch the IRA for about another 20 years and I don't WANT to touch the CDs (besides I can't without a penalty of withdrawal).
As far as where I am, am I doing okay regardless of the loan and credit card?
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