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Quick qstn - I'm receiving HRA of 24075 from my employer but I would like dhow the rent paid as 96k p.a (while filing ITR). Even if I do so, I was only able to get exemption of 24075 from gross. Checking if we can speak to payroll department to increase Actual HRA since I'm actually paying more rent than compared. Will I be able to do so ?Deloitte Newco EY Accenture Genpact KPMG
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Absolutely not. $5k really isn't that bad as far as debt is concerned assuming the interest rate is low and he is able to pay off more than the minimum balance each month. Help him by helping him stick to a budget that allows him to pay it off, suggesting a transfer to a 0% interest card, etc. Paying more of your joint living expenses is different than agreeing to cover his existing debt. Unless you're talking marriage /buying a home together and his debt will impact your own financial planning
Oy, I agree you shouldn't pay it, maybe you can lend him the money, it's really between the two of you. Trust your gut.
But let's not get into what a man should be making or not and how they should be, double standard much? I helped my much younger bf get a job and get credit and for a while he was making less than me because was earlier in his career but his field is much more high paying since he's a computer engineer so he surpassed me a while ago
Don't let other people give you relationship advice too much! That's my advice:) Money is not the most important but most people get to that level of mature thinking later in life. If you guys love and care for each other, don't be afraid to be there for each other
Alternatively- with a low income and high debt, he is never going to buy you the ring you have been dreaming of
Too many variables at play. Everyone who has answered with confidence is making assumptions and possibly projecting personal issues/situations.
I agree that you should really only consider this if you're engaged or something and his financial health could impact you directly upon marriage. I also think you should take into consideration the nature of the debt and whether or not he's still taking racking it up. If he's still accumulating credit card debt, you can expect to be supporting him in the long run whether you help him or not because he can't manage money well. However, I think if the debt was the result of something like medical debt, fixing a broken down car, paying bills during a lengthy period of unemployment during the recession, etc, then I'd say that's a different story. Then I could maybe see helping him out, but still only if you're planning a future together.
If the D is good pay off the debt
Y'all aren't married.
Based on your post, your BF doesn't make enough money to carry 5k in debt. Before you do this you need to ask yourself and him some serious questions around the finances of household. Can you afford to pay all of the bills and rent? Are you both willing to forgo the extras (date nights, dinners with friends, etc.) until the debt is settled? What is he willing to do to pay this debt off (uber, freelance gigs, etc.) ? You have to understand what he is willing to do and what you are willing to do to help. If he can't handle his debt now in a responsible manner, it will only get worse when he is making more money. Also whatever you decide, make peace with it. Being resentful towards your mate will only make things worse.
So what are you going to do? Now that EVERYONE has given some advise 🙃🤓... just curious
Would your thinking be different if he was making 50% or any other percentage? I think it's a nice gesture if you guys are planning for longer term plans. That being said, if the longer term plan does come to fruition, pay it off then. Let him worry about his finances on his own and once you do decide to live together/get married, reconsider the help
Absolutely, absolutely not. You will hate yourself if it doesn't work out. Support him or offer to take 200-300 off his rent so he can manage the debt and 5k isn't that much. Also, a guy who would even ask that sucks.
No
Try paying a higher chunk of the bills like a 60/40 split so he could use the extra amount to slowly pay it off.
No, no, no.
Don't. If he doesn't make 5k, then he shouldn't be spending 5k. You are not responsible for your boyfriend, only to your husband
Sharing expenses is one thing but taking on his debt is another. Especially if there is no indication of a long term commitment. But, that's only what I would do with my money. This is your money, if you feel compelled to give from a charitable heart, do it! But be careful that the giving doesn't come from a sense of obligation. Resentment will follow closely. Good luck with your relationship! 👍🏼
Money is money. I know if someone i loved asked I'd help, but thats just me.
Thank you!⬆ A decent human being with some sense. All the best to you and your husband, hope you're happy together till the end!
Ya tell us what are you going to do. we always answer thing on this app but we almost never get the ending
Leave it to someone from Publicis to phrase their answer "hard no" 😂
Whats the conclusion?
I concur. Only if you're super serious about him and he's a keeper.