Til Debt Do Us Part Season 3 Episode 7 New Marriage, Old Debt

In the season 3 episode 7 of Til Debt Do Us Part titled "New Marriage, Old Debt," financial expert Gail Vaz-Oxlade takes on the challenge of a young couple struggling with their finances.

Cameron and Melissa have been married for a year, but their debt is putting a huge strain on their marriage. They are buried in over $30,000 of debt, with credit card bills, personal loans, and car payments that they can barely afford to make each month. To make matters worse, Cameron has a drinking problem that is exacerbating their financial difficulties.

Gail starts by giving Cameron and Melissa a reality check about their situation. She shows them how their spending habits and lack of financial planning have led them to this point and how they need to take responsibility for their choices. Cameron is hesitant to admit his drinking is part of the problem, but Gail pushes him to be honest about how his habit is affecting their finances.

Gail then sets up a plan for them to follow to pay off their debts and create a sustainable budget. She helps them understand the importance of prioritizing their debt, cutting back on unnecessary expenses, and increasing their income by taking on extra work. They are given concrete steps to implement these changes, such as tracking their spending, cooking at home, and paying more than the minimum on their credit cards.

Throughout the episode, Gail also addresses the couple's emotional issues, especially Cameron's drinking problem. She encourages him to seek help and provides resources and support for both of them to deal with the underlying issues that contribute to their financial struggles.

By the end of the episode, Cameron and Melissa have made significant progress towards paying off their debt and creating a sustainable financial future. They have a tangible plan to follow and are committed to making the necessary changes to achieve their goals. Gail congratulates them on their progress and reminds them that successful financial management requires ongoing effort and commitment.

Overall, "New Marriage, Old Debt" is a powerful episode that shows the importance of taking responsibility for one's financial situation and the value of seeking help and support to overcome difficult challenges. Gail's no-nonsense approach and personalized guidance make this episode a valuable resource for anyone struggling with debt and financial planning.