Hubby is throwing $5K down the toilet. Am I wrong for being POed?

So hubby made a deal with friends to buy their truck from them, since they are moving away. They agreed on a purchase price of $10K for a 2007 Ford F-150 Lariat. He made this deal without even consulting me first.

While it would be nice to have an additional vehicle we can transport our kids in (they're still in car seats), we didn't have the money, nor could we afford such a large purchase right now. Again without consulting me, hubby borrowed $5K from our babysitter.

He hasn't been able to sell his current pickup, and his friends keep postponing their departure date. Needless to say, there's no certainty of when we will actually take possession of the vehicle. No written contract was drawn up, and now they have the $5K (that wasn't even our money) and still have the vehicle.

I've asked hubby to find out what's going on, but he doesn't seem the least bit concerned. IMO, he not only put us further in debt, but now we're left owing a large sum to the person who cares for our children (so essentially that's $5K down the toilet).

Added (1). If I even had $1M, I would still be upset. $5K is 5K! But I'm more upset that he has put blind trust in his friends. As long as I've known them, they've stood by their word. But as I said, 5K is 5K. And ultimately, the ones who will be suffering from losing so much would be the kids.

Yep, you have reason for being PO'ed.

No you are not wrong. Just $5k poorer

If you had $4 million, would you care? If not, then the solution to the problem is to make more money

I would not only be PO'd about the truck but also about the babysitter who loaned your hubby 5K. How does something like that happen?

If you have no children you should leave this guy like right now. With children you should start planning to leave. Things will not get any better.

Sorry that happened to you. Your anger is understandable. Money, sex, and how to raise the children are the big 3 disagreements in marriage, I hear, and communication goes a long way to solve differences. Sounds like you're in your early years of marriage, so hopefully your husband will learn to communicate more before making a financial decision of that magnitude. It sounds like he's the kind of person that has a lot of faith in others, which is not a negative, but doesn't fully think things through, which is usually where a spouse can help. Looking to the future, you can make an agreement with each other not to make purchases or loans over $x without consulting each other. It may or may not help, but it's a start.

No, you're not wrong.

A $10K purchase without discussing it with you was completely inappropriate.
Borrowing money from someone who works for you, also inappropriate.
Buying a vehicle you didn't really need, when you can't really afford it, not appropriate.
Giving money to someone for a vehicle without getting the vehicle in return, on the spot. Not okay.

NOTHING about the situation you describe would be okay with me.

So you married a complete idiot… Congratulations lol. Your husband must be a little slow or something… That is the dumbest thing he could have done. Like seriously, he must have been quite the looker back in the day, because Lord knows you weren't attracted to his money or his intelligence.

You're justified in being "PO'ed."

Having said that, though, your labeling of his action as "throwing 5K down the toilet" is inaccurate, and unfair. If he is getting the truck at a discount (less than blue book value), then what he has done is put money down on a good deal… Right now, today, you see no immediate return on the investment, but in the long run it may have been a very wise utilization of the money.

I also agree that he was wrong to make such a major financial decision without your input. It's true that he didn't go about this in the right way, and you have the right to be annoyed. It probably isn't true that he is "throwing $5K down the toilet."