What to do when your wife's bank account is SEVERLY overdrawn?

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phil000 said:
Well, whatever you choose I hope it works out well. :)
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Thanks. She did talk to the bank, and they reduced the charges A LOT since she's a 15+ year account holder. Also, she's never asked for charges dropped before. I will definately be purchasing those books though, or at least one of them. Thanks again.
 
Guntotin_fool said:
Actually they do have ways to work it out, they may say they do not, but managers have options and screens on the computers that are way different from what you see.
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I just love it when people completely make stuff up and post it here as advice.

I work for the largest bank in my area and have good friends at banks number 2, 3, 5 and 6.

Screens for managers are the exact same as screens for anybody else. Tellers have a layout to process transactions where the people in the offices dont, that's the only difference.

Please, next time have the facts straight, especially when trying to help someone out of a stressful situation.

Walking Man- I'm glad they were willing to work with you. Sounds like the manager there values your business. Next time you guys are looking for other bank products, loans, CD's, etc, please stay local and support the bank who was willing to help you guys out.
 
Not to pile on Walking Man, but marriage is a partnership. It's not "my" money or "her" money, it's both of our money. I can't imagine trying to split up bills with my wife as if we were roommates.

I noticed you bought another $500 knife TONIGHT too. Something is not right with this picture.

But hey, you asked for opinions.....
 
Matteo Escobar said:
Not to pile on Walking Man, but marriage is a partnership. It's not "my" money or "her" money, it's both of our money. I can't imagine trying to split up bills with my wife as if we were roommates.

I noticed you bought another $500 knife TONIGHT too. Something is not right with this picture.

But hey, you asked for opinions.....
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I'm shaking my head in disgust. You are an asswipe, WM, and are getting a nomination to the PT list.
 
Oh, and for fun, I'm having this thread moved to W & C where the Bastids will rip you a new one.
 
powernoodle said:
From the library get a copy of Financial Peace (or the book that followed it - the name of which I cant recall) by Dave Ramsey. www.daveramsey.com. Its good, basic stuff like budgeting, getting out of debt, etc. Highly recommended. Dave would tell you to get on a written budget, to eat beans and rice instead of the spendy stuff, sell everything that isnt tied down, and get an extra job or 3 to increase cash flow to get you thru this. All of this suffering (the beans and rice, selling your toys, etc.) is temporary to get you thru the hard times. Then when you are back on your feet, you work to get out of debt - including paying off the mortgage early - and build up 3-6 months of an emergency fund so that the next interruption in your income isn't so hard to deal with. Seriously - give this stuff a try. Mrs. Powernoodle and I are now 100% out of debt, and its the only way to live.

cheers
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I agree with 100% of what Powernoodle has said. Dave Ramsey is great. Go to the library get a copy of one of his books, I believe one of his others is called A Total Money Makeover Read it today and get started. Go to his website, find a local station he his on and call him if you need additional assistance. Also, go to the Bank IN PERSON ask for one of the managers and do it with your hat in your hand. Remember to explain the details and ask for some compassion. If you have a solid plan on what measures you plan to take to solve the problem go into detail on that as well (a copy of your monthly budget would be good here) If you verbally say to them the words "we screwed up, or we were wrong" it could make a huge difference in them helping you out of this mess.

Don't buy the books, check them out of the library. ;)

My wife and I have also gone through Dave's Class and follow Dave's Plan and we couldn't have a better marriage because of it.


Good luck
 
Bob W said:
Divorce the woman now.
-Bob
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Who else would want him? :p

Seriously walkin man if ya show the same maturity to your wife as ya do here ya may be in for an interesting ride till ya do divorce. If you entered the marriage or figured out that she "needs to carry her weight" afterwards you will have a rude awaking sooner or later. The courts DO get the money from you- marriage is her debts are your debts kinda thing. YOU CANNOT "TEACH HER" or teach her a lesson and have a marriage last. Like it or not if YOU ASK for advice don't whine about the advice you get. You can pick and choose. Far be it for anyone who knows it all to take advice from guys who have been married longer than you have been alive or guys with experience. I will tell ya this "being right" at all costs is a lonely way to live- I speak that from experience :D and it makes for alot of cold nights ;) No one is perfect- well except for you....
 
I had a colleague at work in the same kind of situation. Wife as dumb as a box of rocks when it came to finances. He tried the same things WM tried. Tried making her responsible for her own expenses, etc. I knew it wouldn't work. I gently and tactfully tried to tell him. But I didn't push it too hard. I could tell his head was in much the same place as WM's. (Yes, even to the point of continuing to buy toys for himself while all this was going on.) In the end, thoroughly broke and finally fed up, he dumped the ditz.

Unfortunately, for him, they'd had a child together. Now he's on the hook for massive sums of child support for the next 18 years or so. (If you haven't had children together yet, WM, this is a hint.)
 
Walking Man said:
Due to unemployment, my wife had a few checks not having the funds to cover them. While I am currently selling off some of my knives, I am wondering what we can to minimize fees, etc. I've never had to deal with an overdrawn bank account for more than a week, and I guess she owes over $800 now. I've been forced to pay all of the utilities and bill, which she would normally pay for (while I cover the mortage), so my cash flow is extremely limited as well.
Does anyone have any financial advise for a situation like this?
Thanks.
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Stop buying $500 knives for a while.
 
Be a decent husband (man) and a (help) pay her debt. It's yours, legally and morally anyway. If you're buying knives with your wife (hell, even your old lady) in debt, then you are doing something wrong.
 
Life can deal you some rough times to be sure.
Not buying knives is never the answer.;)
 
I don't know how this got posted in Gadgets & Gear -- it belongs in Community Center.
moving-van.jpg
 
Once again, I find that many of you are making a lot of assumptions.
Thanks for all of those that were helpful.
I do not dictate to others how their marriages should or should not work, and our is working out pretty well, even all have their own rough spots.
IMO.... I don't cater to women, I value their opinion and choices as adults.
I know some of you have poor judgement when it comes to women, as were the cases of Simona and Ashes, whom were ill treated here with excessive attention.
This is my last posting in this thread since we're really not getting anywhere with this, and you guys really don't know what I really am or am not buying. Thanks.
 
Thread is locked. No point in carrying it on any further. :rolleyes:
 
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