(Closed) So upset with FI's financial decision

posted 4 years ago in Relationships
Post # 3
14066 posts
Honey Beekeeper
  • Wedding: June 2011

Yikes!  That would upset me too.  Hopefully it was only for a short time and he’ll start contributing now.

Post # 4
2823 posts
Sugar bee
  • Wedding: December 2012

Yeah, I’d be upset too. Especially since I work in finance (specifically in retirement). So my DH knows a lot about it. Have him start contributing ASAP.

Post # 5
215 posts
Helper bee

That is frustrating but nothing can change the past, and the bright side is that it’s a good thing you are getting this out in the open now! Have him up his contribution to 3% ASAP and once his student loans are paid off, he can up his contribution amount to catch up a little. 

Post # 6
80 posts
Worker bee
  • Wedding: September 2014

@weddingbee098:  my FI’s company does the same thing- he chose to have 8% per pay check put away bc the company matches up to that.. i would be so upset if he had chosen not to put anything away, but the good news is your FI can always change it!

Post # 7
1583 posts
Bumble bee
  • Wedding: November 1999

If the interest rate on his student loan is higher than 3% it is not a bad financial decision. He could be paying more in interest than he is getting, in which case it would make sense to pay those off first if being debt free is a priority for him.

Post # 8
1651 posts
Bumble bee
  • Wedding: November 2015

@weddingbee098:  How big are his student loans? And what are the interest rates on them? And how old is he? It might not be as bad a decision as you think depending on those answers.


Post # 9
5664 posts
Bee Keeper
  • Wedding: August 2012

Biggest thing to do is start contributing now!!! That’s free money. That amount of money probably won’t make a huge sent in his loans but it will make a difference for his retirement. The earlier in life you start contributing the better your overall returns. 

Post # 10
9556 posts
Buzzing Beekeeper
  • Wedding: August 2013

I thought this was going to be a post about his buying something ridiculouslly expensive and frivolous. So it could be worse. Run the numbers with him and see if the interest rate savings would make up for the loss in retirement income. Or, better yet, see if your budget can swing both!

Post # 11
12257 posts
Sugar Beekeeper
  • Wedding: May 2013

I would be, too! I’d definitely talk to him about it.

Post # 12
680 posts
Busy bee

@hotpinkbride:  I agree w/ this. If his interest on his loans compounds it’s especially important that he pay them off fast.

Post # 13
282 posts
Helper bee
  • Wedding: March 2014

have some faith in your man. Do you know the interest rate on his student loan? Maybe he has been working his butt off to avoid bringing debt into your marriage, and then that will free up his income to contribute way more than 3%. Best of luck! 🙂

Post # 14
9956 posts
Buzzing Beekeeper
  • Wedding: December 2012

A Financial Planner would tell you that paying off debt = another form of savings (in the bigger picture / long term)

He needs to essentially be doing both… but the debt should be is main priority.


Post # 15
388 posts
Helper bee
  • Wedding: August 2014

i may be one of the minority…. but I dont think that is the worst decision… student loans can have HUGE interest rates… and a 401k doesnt do any good if he is still drowning in debt….

once his loans are paid off then he can start contributions… his money could be going to worse places… i would be thankful he is still being responsible by paying off his debts sooner!

Post # 16
2796 posts
Sugar bee
  • Wedding: September 2014

@weddingbee098:  + 1 to all the other posters who said that depending upon the amount of his loans, and the interest rate, he may me making the right decision

The topic ‘So upset with FI's financial decision’ is closed to new replies.

Get our weekly roundup of the best of Weddingbee.
I agree to receive emails from the site. I can withdraw my consent at any time by unsubscribing.

Find Amazing Vendors