Top Ways to Get Out of Debt

Money is the number one reason why couples say they get divorced. The country’s current financial crisis has resulted in more and more households getting buried in a landslide of debt, which takes its toll on a marriage. Meet Chris and Pam, a couple who after 10 years of marriage are facing a financial disaster. How did they rack up $624,600 in bills? Pam, who entered the marriage with very little debt, says Chris is responsible for 75 percent of their deficit. Should she have seen the warning signs before they got married? Chris admits he spends money very easily, but says he’s tired of his wife placing all the blame on him. With thousands spent on unfinished household projects and allowing his adult daughter to live with them for free, is Chris to blame? Pam is heartbroken that they may lose the house that she bought with her own money before she tied the knot. And now that she stands to possibly inherit money, she says she wants a divorce so Chris can’t get his hands on it. Can this couple save their house and their marriage? Can they dig themselves out of the red without filing for bankruptcy? Financial expert Amelia Warren Tyagi weighs in. Plus, don’t miss the top 10 tips for getting out of debt. (2207067)

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