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Q:
What can I do if my wife is a compulsive spender?

My wife is a compulsive spender. As a result we are currently in credit debt to the tune of about $50,000. The only thing we have to show for all of this is a basement and garage full of merchandise with the tags still on, probably 95 percent of which will never be used. I'm 43 years old and have two children; divorce is not an option. Is there anything I can do? -Doug

Doug,

MMI can certainly help you to establish a repayment plan. However, to get to the underlying issue, I recommend that you seek advice from a professional counselor. You can also get help from Debtors Anonymous. Debtors Anonymous is a non-profit agency formed to help people with a spending and/or debt addiction. To contact Debtors Anonymous by email for information go to: http://www.debtorsanonymous.org/.

Good luck to you both.

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