Couples and Money – Debt

couples and money

It’s shocking how many engaged couples don’t have substantive discussions around disclosing their finances to each other, much less their thoughts, feelings, and beliefs around money. It’s common to get married and later discover that your partner has a huge amount of credit card debt that was not disclosed. This secret often comes to light unintentionally when bill collectors start calling, money seems to be unaccounted for, or a couple can’t qualify for a mortgage. According to a study by Dave Ramsey, “the larger a couple’s debt, the more likely they were to say money is one of the top issues they fight about.”

 

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