Then study your budget pad. Could you cut down expenses on utility bills or transportation? If yes, how much would it raise to add up to fund the mortgage? Study all possibilities of cutting down your expenses. 3. SAVE FOR THE RAINY DAYS Effective debt management budgeting means not forgetting to save. The money allotted for electricity, water and tax should not be disturbed anymore. Tampering with the money allotted for electricity could give you a momentary joy or satisfaction on having purchased something else. But if you do not return to the budget the amount you have taken, then there will be some dark moments in your life as well. When properly executed, the budgeting process can give assistance with planning, organizing, staffing, leading, and control. The process can help ordinary people to managers to effectively communicate and implement goals and objectives throughout the household or firm. Budgeting is a critical step in planning and controlling your day-to-day operations. You can use payroll deductions and bonus incomes, looking around for the best interest rates, and improving your spending habits. You can add up to your savings by doing little things that can help you: save lunch and coupon money, take advantage of sales, saving your loose change, and being willing to compromise especially when there are other bills that call for your attention and money. Talk to your doctor about a marriage counselor who can guide you and your partner through this challenge. Eliminate debt. The first step to eliminate debt is to stop accumulating more. Then you can eliminate it. Make sure to pay your bills on time. Use cash whenever possible and work out realistic payments with creditors to reduce financial liabilities. You also only need to live in a place that has space for only one person. Living in a big house alone is very insensible and costly. Definitely not the result price budgeting would want to have. For those who live under their family s roof, then you do not have the weight of paying rent on your shoulders.