The Debt Shoebox


Shoe Box
About seven years ago, Mr. Money and I were just starting to get really serious with our relationship. We had moved in together and were starting to figure out the mechanics of our relationship. One day while Mr. Money was at work, I was cleaning our closet and I happened to stumble upon this blue plastic shoe box filled with papers. Out of curiosity I opened that shoebox.

As I started pulling out the papers, I realized that I was pulling out past due statements for credit cards and collections notices. I’ll never forget the feeling of my stomach sinking to my feet. I felt a whirlwind of emotions. Fear that he was hiding things from me. Regret that I had started a serious relationship with someone that was so far in debt and obviously had bad credit. Apprehension that his money habits would carry over into our relationship and I wouldn’t be able to make it work with him.

As soon as he came home from work, I confronted him about the shoebox. He said that he had gotten behind on some payments and hadn’t had the money to pay his bills and that he would get it cleared up eventually. Although I was really intimidated by the debt, we talked through everything and worked out a plan. Even at 19, I knew how important it was to get out of debt and have good credit. I’m thankful that things worked out as well as they did.

Did your significant other have some dirty money secrets or debt baggage before you were together?

This post was included in the Carnival of Money Stories at The Financial Blogger!

image from Crafty Goat

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8 thoughts on “The Debt Shoebox

  1. Mrs. Accountability says:

    No, my Mr. A was a perfect angel. Bwahahahahaha!! Sorry I couldn’t resist. I guess I pretty much knew the scoop about my hubby and his financial background. I’m so happy you two worked it out! So do you both share the financial burden, or do you take more of it?


    Mrs Money Reply:

    Well right now we make right around the same amount of money, so everything just goes into a joint account. I should post what we did about the shoebox… 😉


  2. Revanche says:

    Oh yes, and once I caught an inkling of what that debt might look like, I started him on a slow and steady regimen of personal finance talk. Nothing like over the top pressure or nagging, just sharing my philosophies on spending within my means, savings as a top priority, and the thrill of getting a great bargain instead of just buying whatever I wanted when I wanted it.
    With my family history, I was NOT going to marry someone who hadn’t already reformed fiscally – my nerves simply couldn’t take it. Luckily for me, he was receptive to the non-nagging and is in pretty good financial shape now.


    Mrs Money Reply:

    I didn’t nag either. 🙂 I just helped him understand how important it was to get out of debt and save money. He has come such a long way! I am so glad it worked out well for you too!


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