Mar 16, 2025
Be honest in your communication with your partner about the issue. Do not hide any facts
Identify the root cause of the crunch, and whether it is temporary or long-term
Attack the problem, and not your partner. Deal with your issues later
Cut off all unnecessary spends. Each and every penny counts in saving
Pick up odd jobs in the meanwhile, no matter how small. Try and build a corpus
Review your financial history to gauge if you have any previous savings that can be used
Track all your expenses. Do not leave out anything, no matter how small a spend it seems
Next, mark out expenses that are high. See if you can cut down on them, at least for a few months
Create a debt repayment plan: Make sure you include all your outstanding credits and a streamlined way to pay all of it back
Take notes for the future. Do not repeat your mistakes. And remember, this too shall pass
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