This man and his girlfriend have been in a relationship for three years. Besides their mortgage and both contributing to housing-related expenses, they keep their finances separate. They’ve agreed upon this arrangement because they both have children from previous relationships, so their dynamic isn’t simple.
At the beginning of their relationship, his girlfriend recently sold the home she and her ex shared, and she purchased two horses that she immediately put in a stable, which cost her roughly $1,250 per month. Even though he suspected that his girlfriend would struggle to pay this monthly expense, he didn’t say anything because they’d just started dating.
In the end, his girlfriend only kept the horses for 15 months. She couldn’t afford them after all, and each month, she paid the stable fees from money she’d been keeping in savings. She sold her horses, unfortunately, for less than she’d purchased them for.
Overall, including the stable fees she paid for nearly a year and a half, she lost quite a lot of money, but he pointed out that it was good she no longer had to worry about the monthly stable expense.
“She had to give up work because her daughter with ASD started to refuse to go to school. So, we’ve been down to a single income (mine), and her child maintenance and child benefit,” he said.
Because of the cost of owning horses for a while, his girlfriend drained her entire savings account. Only just recently has she been able to curb her spending habits. Over the course of their relationship, she’s taken on a loan and a store credit card, and she has a ton of overdraft fees and debt.
Luckily, his girlfriend acknowledged that she needed to get her finances in order. Since he was paying all of their bills, sometimes he could hardly afford gas he needed to commute to work. He has kids of his own, and he had to cut back on the amount of money he could spend on them because he was financially supporting his girlfriend and her children.
Not long ago, his girlfriend decided to sell her car so that she could start paying off some of her debt. Then, she purchased an inexpensive car as a replacement for her old one. He’s expecting to receive a company bonus soon, and he has no idea how much it will be. It could be anywhere from $65 to several grand.
“Last night, I casually mentioned that I was thinking about using it to buy myself a new road bike. I’d sold a few bikes and a load of other hobby stuff to fund the family through Christmas,” he explained.