Marriage brings a lot of successes in life, but it can also bring a lot of challenges as well. Indeed, when it comes to trying to get out of debt, your spouse will either be your biggest challenge or your biggest ally. It’s just a matter of getting them on board without making them feel angry and resentful. Far too often when there’s a debt problem there’s a lot of name calling and finger pointing as to who is really responsible for the debt. When you get married, you’re basically agreeing to do everything together rather than separate. So if it’s one person’s debt, it’s actually both people that own the debt together. That’s part of what you agree to when you sign those marriage papers. So instead of getting angry, you will need to get resourceful.

So what if you’re the resourceful one but your spouse needs convincing? Well, the first step is to make sure that you’re having an open dialogue. Far too often people assume that the mission to clear away debt means getting rid of everything that could possibly be fun and exciting, and that’s really not the case. You will just need to look at the numbers and figure out where the next step should really be.

For example, you will find that your monthly budget really doe smatter. If you are spending far more than what you’re making, you have a serious problem that’s only going to get worse. Your spouse might not even realize that there is a spending problem in the house, as odd as that might sound. When you’re living from day to day and spending money as it come sin, you might not even realize what you’re really spending your money on. However, when you step back to look at it on paper you might find that you’ve really spent a lot more than you really wanted to spend. That is something that you don’t have to feel embarrassed about — it simply is what it is. You just need to make sure that you’re able to get things taken care of for the long haul rather than to just assume a short term temporary fix.

Your spouse needs to feel like they’re actually part of the solution rather than the problem. This means that you will really want to include them in the plan as much as possible. If you are a one income family, your spouse might need to take on a job in order to pay down debts faster than what you’re doing now. If you have a lot of unnecessary expenses every month — like gym memberships and spa trips — you will need to cut those out. Instead of eating out every week, you might make it a once a month thing where everyone gets to go out and let someone else do the cooking. Of course, if you really want to be frugal you might want to see about taking turns with the cooking. That way it really does feel like you’re eating out, except you’re in the comfort and privacy of your own home.

When one spouse knows more about finance than the other, there can be some tension. In life, it can be absolutely be embarrassing not to know something so important, so your spouse’s resistance might actually be a personal problem. Simply embrace the new journey as a learning experience for both of you. Many non-profit organizations actually offer free classes on personal finance, and most libraries have plenty of books on debt. So you don’t have to spend money just to learn about the ins and outs of personal finance. Since you have a computer and Internet access, you can check out more guides like this one online at our site. The Internet is nice because you can always print out what you want to know about and then go from there.

Once your spouse is comfortable with the subject of personal finance, it’s time to help them really understand the need for debt assistance. Their first assumption might be bankruptcy, which is definitely a scary subject to talk about. However, did you know that’s not your only option? You can pursue debt consolidation which would compress all of your debt payments every month into one low monthly payment. This is because you will be paying less interest. This gives your money a lot more power. You see, every month when you send your payment off, there’s a certain amount that goes towards the interest, and a certain amount that goes towards your principal. If you only do the minimum payment, the bulk of your payment is going to go towards interest, and only a tiny amount actually goes to your principal. This means that you can literally spend years paying on the same debt and never really bring it down — yet you’ve given the company in question a lot of potential profits.

Getting a debt advocate on your side to negotiate your debts can not only settle some of your debts, but also give you a low or no interest option. If the company feels that they would get their money better in the long run by lowering the interest, they will do that. It would be better than having to let go of all of the money because you simply refuse to pay.

As you and your spouse educate yourself on the wide world of personal finance, debt assistance will eventually just seem like the next logical step towards the debt-free life you deserve — why not get started today?