“I Do” and Debt: How to Handle Marriage When Loans Are Involved

Debt can feel like a third wheel in your marriage if not handled properly. Whether it’s student loans, credit cards, or a mortgage, being on the same page with your partner is crucial to avoiding financial stress.

Pro Tips:

• Be upfront about debt: Full honesty about your financial situation is a must from the start.

• Create a payoff plan: Work together to prioritize paying off high-interest debt and make it part of your budget.

• Avoid new debt: Once you’ve started paying down old loans, try to avoid taking on new debt unless absolutely necessary.

• Celebrate progress: Set milestones and celebrate when you hit them to keep the motivation going.