The 4 C’s to Getting Out of Debt Together

Do you and your spouse fight, argue, or play the passive aggressive game about your credit card debt? The average credit card debt per household is $15,300, and the fact that one of you thinks that the debt is ok and the other doesn’t is slowing eroding, tearing apart, and ending relationships.Here is the good news…it doesn’t have to be that way! Getting out of debt together, with your marriage intact, is totally possible.

This topic is so important that we dedicated the whole TV segment to it…complete with boxing gloves ☺! 

4 C’s to Getting Out of Debt Together

1.  Confess

Sit down and discuss reality. That means sharing all those credit card balances that you thought would just disappear if you ignored them long enough! It takes a lot of courage but you will feel a big relief once you do it.

2.  Confirm the Amount

Double check what’s real by calling the credit card company and getting the numbers right. If we don’t look at these numbers for a long time we forget they GROW!! Get on the phone and get the raw hard numbers. You won’t regret it!

3.  Calculate

This is where things start looking up! Click here for a free debt calculator that will help you and your spouse get back on track! Take a few minutes and each of you separately think about when you would like your debt paid off and how much that would take per month to do. It is important that you do this individually. Once completed, come back together and discuss your reasoning.27699301 - plastic wedding couple on a pile of coins - money concept

4.  Compromise

Now that you know the amount that you have to pay off and how you want to pay it off individually, you can make a compromise with purpose. The couples use this as an opportunity for growth are the ones that come to it together and don’t erode the relationship with any more passive aggressive games.

Do you have any other suggestions on how to get out of debt together? If so be sure to comment below! We can’t finish without telling you about our brand new Webclass called , 5 steps to Relationship and Financial Prosperity – click here to learn more and sign up today!

2 thoughts to “The 4 C’s to Getting Out of Debt Together

  • Monique

    Hi Bethany & Scott,
    Istarted using your spend-save-give idea w my daughter who is 4&1/2.
    my husband thinks she is too young for this.
    I disagree. what do youbthink?
    I would like to know how do you teach the child about the “give” jar?
    Is this church donations or to the poor? Does it include bithday presents for friends when she is invited or is that her “spend” jar? Do you have this on a website or in a book? thx for clarification.
    best wishes,

    • The Money Couple

      Thank you for your question. We commend you for your intentional work with your daughter.

      We started the Spend, save, give idea with our children when they were three. We gave them 3 dollars a week (not an allowance, this is money training) and they put 1 dollar into each jar. It is fun for them and they start getting their “money muscles” built up.

      The give jar for us is to our church. Each week our boys put their “give money” in the offering plate. But whatever charity/church you decide have your child hand it to them.

      Birthday presents for friends comes from the “spend” jar :-).

      We are working on developing their “money muscles” – it is ok if they don’t totally understand what is going on – they will learn, over time.

      Hope that helps!

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