Dear Penny: must i utilize my cost savings to cover down my boyfriend’s pay day loan?

Dear Penny: must i utilize my cost savings to cover down my boyfriend’s pay day loan?

Final autumn, my partner that is live-in of years had to miss many weeks of work as a result of a car wreck and a family group member’s death. He got a couple of loans that are payday around $1,300 to make ends fulfill.

He’s had to move it over many times and today the total amount has ended $2,500. They can just pay the charge that is thirty daysly month to move it once more.

We have constantly kept our money separate and bills that are split. My partner wasn’t reckless with cash into the past. It absolutely was simply a sequence of bad luck that got him right here.

We have $4,700 in savings for emergencies. Must I utilize that to bail him using this nightmare? https://www.online-loan.org/payday-loans-ms/hattiesburg/ He’sn’t asked me personally for assistance, but i simply like to place this behind us and acquire a fresh begin. It will frighten me personally to create my crisis savings down a great deal, but this feels as though the decision that is right. Would we be building a big error?…