Draft a plan to repay debt
Another very important step in dealing with financial cheating is drafting a plan to repay the accumulated debt. This is something that requires both partners. Both of them need to have access to all of the accounts so that they can make sure that nothing else goes wrong and the debts are being paid off.
To that end, you should draft a thorough debt payoff plan as soon as possible. You might need to cut some expenses and use the extra money for the debt. In addition, you might have to think of other opportunities to make more money to clear up the debt like selling vintage items or picking up a side gig apart from your 9 to 5 job. These 10 Unconventional but Legal Ways to Make More Money might serve as inspiration.
Think ahead
If you want to rebuild your relationship and your budget, you’ll have to “hold” regular meetings and discuss the budget. No need to be tense and uptight and bring out past mistakes. The discussions should focus on the money spent since the last budget meeting. All of it. Analyze the things you might be overspending on, the categories where you’ve reached your spending limit and so on.
It might take a while before you get back on track, financially and relationship-wise, but if you succeed in changing your spending habits so that it benefits both of you as a couple, then it will all be worth it.
Spending doesn’t always have to be a problem. In fact, here are 7 Ways Spending Money Can Actually Make You Happier.
