Quote From: cleeeeThis doctor could have contacted his credit card companies and told them to freeze those accounts. If he wanted to let his wife shop a bit, he could take a card with a reasonable credit line and only let her use that card. 
 
If the wife went ahead and applied for and got her own cards, fine, let her pay the bills. What makes this fool pay his wife's bills? He's enabling her and is a sap. Tell her to get off her rump and get a job. What does she do all day besides shop? I didn't hear her say anything about volunteering at the PTA or some other local cause like a lot of people do. He whines that his daughter has designer cosmetics but does nothing to curtail her shopping either. He made his bed, let him lie in it. 
 
I love how the word "bankruptcy" gets thrown around. This is why the bankruptcy laws were changed. This rich doctor with a mansion and pool could simply say "i don't have enough to pay for all this" and be free of those debts. What a crock of crap. 
 
Now, the poor apartment-dweller whose medical condition devastated them financially has trouble filing for bankruptcy now because of jerks like this doctor and others who abused their credit for luxuries, filed and are sitting pretty again. 
 
Yes I am bitter. I am an educator. My husband works in education as well. We are devoted to our jobs, save as much as we can and have no credit card or any debt at all. You know what else? We'll never have a house. We can't afford the downpayment. We've been priced out of the area (working class) that we grew up and work in. Watching these people, piss away money on jewelry and cars for their kids just makes me sick. 
 
That's what happened to my husband and I. We grew up in a neat little Northern California town, but when real estate skyrocketed and our landlord decided to take advantage of the price increase and make some money selling the house we rented, we were squeezed out of the market-and not just to buy a home. We could no longer afford to just rent a place! On top of that, because it is a small college town with mostly retired people and students, we were unable to find employment that would allow us to afford living there. So we moved! We now live in the Midwest, 2000 miles away, have better jobs, and the cost of living is not only within our price range, but much cheaper than we could have ever hoped for. We are looking at being able to buy a home in six months. But that experience in California was valid because it really taught us to live on less and appreciate the finer things in life (you'd be amazed what kind of entertainment you can come up with for little or no money). My husband and I now have a better and closer relationship than we did before we moved. We spend alot more time talking (it costs nothing to have a good conversation).
I am shocked by people like Bridgette and Michael who seem to be so far removed from reality, the way most people live, that if they found themselves flat broke one day they'd have no idea how to dig themselves out.
I agree with you that Michael is taking a passive attitude towards his wife's spending. How can he sit there and complain about the credit cards without calling all of them and having them stopped, NOW?
Alot of the money she's spent on foolish purchases could have made a serious difference in the life of someone affected by, say, Hurricane Katrina. $25K spent on jewelry could paid for a house in full in some areas of the country.
I hope this family gets their priorities straightened out, that it's not about the presents they give to themselves and their children, but about the PRESENCE.