Discussing Debt Before Saying “I Do”

Discussing Debt Before Saying “I Do”

Debt discussionIt can be awkward to discuss finances while planning a wedding, but it is crucial that these things are addressed. Both of you bring to the marriage your spending habits, your expectations, and your debts. While pre-marital debt does not become the responsibility of the other spouse, post marital debts do. And an honest discussion about responsible spending, division of financial burdens, and job/career and other resources before the wedding can save substantial heartache afterwards.

In an article by Casey Bond, various scenarios a couple may encounter regarding debt and finances are discussed, along with measures you can take to protect each of your credit scores. To read more, go to Huffington Posts article.

 

Paola Parra Harris