Post # 1
With student loans being essentially inevitable for anyone born after ~1985 or so, and with these debts rapidly nearing crisis levels, debt is clearly something that everyone needs to discuss in their relationship—sooner rather than later. So, bees, did/does dent have any effect on your decision to move forward in your relationship?
Also, how will debt affect you after being legally married? My SO and I are currently paying ours separately, and will likely continue to do so.
Post # 3
nah that’s a necessary debt
Post # 4
Debt really didn’t pay a part in our decision to move forward in our relationship. I have more than I would like to admit (+ a mortgage) and he doesn’t have much. He helps me pay the mortgage now, so I guess that counts? He doesn’t specifically help with things like my car and my student loans, though. We pay our own stuff but generally consider it all our money, so if I asked him for a little extra to pay down one of my debts faster, he’d give it to me. I figure it’ll be more or less the same after we get married, until we get one joint account.
We really want to pay some stuff off before we TTC, though.
Post # 5
The only debt we have are our car notes and mortgage. No credit card debt or student loans. We got together at 20 and were a always upfront about finances. It’s one thing to have student loans, but I’d have had issues marrying someone with a ton of credit card debt (unless it was from an emergency or something).
Post # 6
I worked my way through college and lived with my parents (and chose community college for the first two years over the total college experience) so I have never had any debt. DH had $7,000 in student loans (he also lived with parents and worked a ton) but we got those paid off pretty quickly after graduation. I know we’re so lucky we were able to start off our marriage with no debt.
Post # 7
yes, that truly is a blessing! I’d kill to only have $7k in debt lol!
Post # 8
This is a great show! Have you watched it? It’s on Amazon Prime.
Post # 9
The only debt we have is our cars and mortgage. We skipped college so don’t have to worry about that.
Post # 10
I have student loans, he has 2 mortgages, a truck loan and a dirt bike loan and together we have a boat loan.
Post # 11
We only have a mortgage right now, but I did accrue $24K in student loan debt and was so lucky to be in a position to pay it off. I did it in just two years! It was half careful budgeting and half dumb luck (the company my husband worked for got bought and we got $12K in stock money, which we used to pay off the rest in one lump sum).
We are tackling the mortgage in a similarly aggressive manner and hope to have it paid off quickly.
Post # 12
- Wedding: August 2018 - Location
We were both lucky to graduate from university debt-free thanks to working throughout our studies and parental help. It’s also cheaper in Canada than the US.
The only debt we have is our mortgage but I consider that to also be an investment.
Post # 13
The only debt we have is around $10K left on his car loan. We have no student loans, no credit card debt, and no mortgage.
Post # 14
I didn’t have student loans when we got married but my husband did (and I’m 1985 and he’s 1984 lol). After we got married we worked together to pay them off within 6 months. We are a 100% “what’s yours is mine” family.
Post # 15
We have high student loans but we’re in Australia so it’s very different to the US. It’s a government loan which is paid off automatically as your earnings increase. If you earn below a certain amount you don’t pay it. The debt also isn’t transferable to someone else and can’t be collected after death so it has no bearing on getting married.