Disagreements over money and debt management are one of the leading causes of divorce in this country. A family can’t exist as a dictatorship, but financial management by committee won’t work, either. There needs to be a consensus about how money is spent, but there needs to be one person in charge of seeing to it that the bills are paid and that debts are under control.
Financial decisions, financial goals, and debt management all need to be discussed by all who contribute to the household finances, and each needs to have an equal opportunity for input. But a plan does need to be made! And once the plan is made, there needs to be one person in charge of seeing that it is carried out.
Ways to Deal with Debt Management