I wish I had something better to tell you, but what is going to make him be able to pay you back at $100 a week?? Will he even be able to do this consistently? My concern in bailing him out would be 2 things, first this is the 2nd go round with bailing him out, and 2nd he doesn’t WANT to live within your families means. It’s really tough to do, but you do have to give things up. We haven’t had cable in over a year. I haven’t given up the internet, but have considered it, and it might go before it’s all said and done. I have looked up all kinds of recipes on the net for Frugal meals but have some nutrition. So you don’t have to live on Mac and Cheese, but I couldn’t tell you the last time we had a steak either.
I have followed your threads here through the months. You HAVE to do what is going to keep you of sound mind. What feels right to you, in a way that will make you feel safe. To be honest from what you have posted in the past, you are VERY concerned with the future and your children’s futures. I think YOU know the answer to what you want and need to do for your peace of mind. What will happen when you bail him out again? Will there be a 3rd time, if his reason for the debt is he doesn’t make enough money to live in the way he wants to live? Maybe it’s time for a 2nd job, or time to go back to school for another degree. Something that will bring in the income that he desires to spend.
I know this has been an issue for you for several months now. How about some money management counseling before you go into debt for the 3rd time. How is he planning to make these other payments (with you bailing him out, + the management place $$), without changing the way you live? I really feel for you, but if you don’t solve the problem, then the problem will just “rear its head again”, no matter what you decide to do. Attitude towards money seems to be a much larger problem than how much money you have or don’t have.