4 Tips for Tackling Debt as a Married Couple - LifeWay Women

In America, college degrees and piles of student loan debt go together like peanut butter and jelly. But when student loans linger long after graduation, so do the peanut butter and jelly sandwiches. Talk to any recent college graduate, and you’ll likely notice this trend. Unfortunately, my wife and I were no different. And if I’m being honest, I never really liked peanut butter and jelly.,Among the generations, Gen X reported the highest levels of personal debt with $36,000 on average.

I want to share the guiding practices that helped us get out of debt, but you should know that I am not a financial adviser. I can only show you where we stumbled in hope that you don’t. I can only share our story in hope that what we learned can help you too. This is virtually the same as wanting to get out of debt without a budget. A budget may seem like an insignificant thing to include in a list like this, but I can’t count how many people we’ve met over the years who wanted to kill their debt and didn’t know what was coming in or out of their bank account on a monthly basis.

If you’re relentless, your newfound frugality should affect every part of your life—your hobbies, relationships, and habits. Your unyielding clash with consumption will bring on difficult change, but it’s worth it in the end. I believe this proverb to be true for finances—especially within the context of a marriage. If you’re going to eliminate your debt, it’s important you get on the same page about finances, act as a team, and save together.

Source: Education Headlines (educationheadlines.net)

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