Submitted by WatercressEmpty1356 t3_126urbn in personalfinance
My wife breaks down crying last to me after our kids went to bed to tell me that over the last 8 or so years shes run up debt through hidden CCs and personal loans. I knew she might have a personal CC but no way could I have imagined this. I am fairly regimented with our finances which we combine....I am the saver she's the spender and i thought things were working out but apparently not. Over the years amazon packages at our doorstep by her hand was commonplace but a large percentage of it was for our kids. I guess many more packages were coming in than what was reflected in our accounts. At any rate I am trying to figure out the best way to get this taken care of. We make around $190k/year and have about $30k in cash so we cannot pay it off in one shot. Decent wiggle room in our monthly budget so looking to maybe explore a debt consolidation plan? I don't have the details on these personal loans/credit cards yet, we are going over more tonight but in the meantime just wanted to see if anyone had any suggestions on how to move forward with this. Thanks in advance!