My husband has a 1980 Camaro thatís a real source of friction between us. He bought the car for $2,400. It needs $3,500 in repairs. Our household income is $29,000 a year, and this car is taking money away from our ability to save and pay off $39,000 in debt. We already have two decent cars, so what should I do?
This isnít a matter of having a car
that runs. Itís a matter of someone having a maturity problem. Guys like shiny toys, especially cars. But these kinds of things are luxuries, and they should wait until the household and finances are in order. The family should always come first!
Iím not saying he has to sell the car today, but dumping money into it while you guys are struggling doesnít make sense. Sit down with the guy, explain how you feel and what this is doing to your finances and your marriage.
And you might even give him a little incentive. Let him know that once your debt is gone, and youíve got some savings in place, heíll have the money to get that Camaro up and running in no time!