July 22, 2013 | Posted in:Debt, Finance, Men, Money, Romance and Relationships, Women

When it’s time to admit the person you love has a problem

shopping

Love and money are a great combination when two people are able to manage each with respect and appreciation. Unfortunately, money is one of the greatest causes of discord in today’s relationships. When finances are in order, life can be very harmonious. When finances are out of order, life can become a nightmare.

I received an e-mail from a gentleman I’ll call Frank. Frank requested some advice about a situation he is going through with his wife Tracy. Frank is a middle-class, hardworking gentleman who currently works for the City of Atlanta. He is very concerned because his wife Tracy is a shopaholic. She spends quite a bit of time shopping at the mall AND via television. Ordinarily this may not seem to be that big of a deal except for the fact the couple has amassed a considerable amount of debt…$27,500 to be exact.

Frank mentioned that he has tried to have conversations with his wife, but she gets very defensive every time the subject is brought up. He realizes their finances are heading toward even more destruction, but admits his extreme love for Tracy won’t allow him to leave. Did I mention that Tracy is a stay-at-home mom? Oh…I guess that is an important element to include. YES…Frank is the sole breadwinner in the family and works 50+ hours a week in order to ensure the core household bills are taken care of.

I asked Frank for a couple of examples to see if he was overreacting. He said over the past 30-days his wife has spent $2,200 at Victoria Secret, $2,700 at Macy’s and $900 via HSN.

Did I mention they have only been married for four months? Yes…they’ve amassed $27,500 in debt in only four months.

Looking at the situation, I definitely feel compassion for Frank.

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