![]() This is where most people lose their cool and their good judgement. After all, you can’t have possibly spent all that money yourself! Before you know it, an astronomical number is staring you in the face and all you can think to do is blame your partner. Household expenses can sneak up on you slowly, seeming insignificant at first. Household expenses are oftentimes the root of all financial arguments in a couple. There is strength in numbers, so it is essential that you both feel like you are able to work together to reach a solution. When you decide to bring your lives together, whether you took vows or not, you take on everything together, not separately. Most importantly, try to solve these problems together. It can be daunting for a young person to tackle debt so early in life – and so much of it – so if you are in this position, don’t be afraid to ask for help. Both of these options can help alleviate some of the financial stress and burden that you and your partner may be facing. What can you do about it? You can look into things like getting debt consolidation loans and enlisting the help of debt negotiators. Add to that the fact that most weddings are expensive and you are left with a young couple who is starting their new life together swimming in debt. Taking on the financial obligation of another person’s debt is no small feat. People today are plagued by all kinds of debt, from consumer loans (ie. What Happens to Marriage Debtįirst thing’s first – you have to talk about debt. While it’s hard to talk about, setting a strong financial foundation now will help you prepare for the future. One of the leading reasons of divorce is actually financial troubles. Plus, when combined with the stress and planning of a wedding, there are often so many other details demanding your attention. ![]() This is something a lot of couples overlook because it’s easy to look at life through rose-coloured lenses when you’re in such a great relationship. Furniture, appliances, kitchenware, books and artwork – they’re all subject to downsizing, rescaling and dividing, and so are your finances. This is the start of your new life as a married couple, and it’s normal to be both excited and nervous about this next step. Whether you’re living together for the first time or finally taking a look at your marriage and finances, you are merging two separate lives together.
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