financial infidelity
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Husband's Financial Infidelity Racks Up $117K In Debt โ 'I'm Heartbroken And It's So Hard To See A Way Out Of This'
Yahoo Financeยท 2025-10-17 14:16
Core Insights - A 29-year-old mother revealed her husband's financial infidelity, which includes concealing $117,000 in debt, threatening their financial future [1] - The immediate crisis involves over $47,000 in high-interest debt, with rates reaching as high as 32% [3] Debt Management Strategies - Financial experts suggest considering withdrawing $8,000 from a $29,000 mutual fund to pay off high-interest credit cards, despite general advice against using investments for debt repayment [3] - The Reddit community recommends two main strategies: - "Stop the bleeding" by using mutual fund money to pay off the highest APR debts, known as the debt avalanche method [4] - "Get ruthless" by creating a detailed budget, potentially selling assets like a car, and exploring debt consolidation options [5][6]