For example, maybe you’d date someone that had ,000 in credit card debt, but had a plan to be debt-free within a year. Would you date someone with 0,000 in student loans, knowing that their debt would likely have a significant effect on the timing of buying a house, getting married, having children, travel, etc?
But would you date someone that had just ,000 in credit card debt (and was currently sinking further into debt), but had no plan (and no means) to pay it off? When I was ,000 in the hole, I hope nobody would have dismissed me as a potential match just because of my financial situation.
I can’t speak to what it feels like to have student loan debt but I can speak to how it feels to have to pay it off and it doesn’t bother me one bit.
You can’t help who you fall in love with and if that special someone happens to have high debt, you should work together to pay it off.
Like, ,000 in student loans, or thousands of dollars in credit card debt – without a solid plan to get themselves out. It’s obvious that the financial habits of your significant other can play a huge role in defining what kind of life you would have with that person – both short-term and long-term.
One was incredibly bad with his money, and didn’t seem to think it was an issue. But there are definitely big differences in the type of debt that someone has.
In other words, there’s definitely such a thing as telling someone too soon exactly what your net worth (or lack thereof) is.
One reason this can cause problems is that finances can so easily overshadow more substantive issues.
Money is often a huge area of conflict for many couples but by communicating early and often you can avoid many of the problems that might arise.
3 Reasons to Get a Prenuptial Agreement Harry is an aerospace engineer by day and personal finance blogger by night.