The Long-Term Challenges Of Marrying A Partner With Poor Credit And High Debt
- By
Jazmine Denise
Source: Peter Cade / Getty
Less saving for the future
Being in debt is expensive. Once interest is added, you can end up paying significantly more than the amount borrowed. This means there is less capital available to save for your future as a family. Further, a partner who is in debt may be in that position due to poor spending habits, which also means less money saved.
“A lot of debt and poor credit can be an indication of poor spending control,” adds Armstrong. “Some people need to buy things as a substitute for self-esteem. Keds are just as functional as Jordan’s but have less status. This situation can lead to marital disagreements.”
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