The Debt Disadvantage
According to a survey conducted by Ramsey Solutions, debt causes more arguments in marriages.
"Couples who fight about money have roughly $30,000 in consumer debt on average, with nearly two-thirds (63%) of all marriages starting off in the red. That debt load is having a negative impact on marriages, regardless of household income. Forty-one percent (41%) of couples who have consumer debt say they argue about money—and it’s what they argue about the most. In comparison, only 25% of couples who are debt-free say they argue about money. Plus, money doesn’t even make the top-five list of things debt-free couples argue about.
Bringing debt into marriage is trending upward over time, with younger generations having much more debt than the generations that came before them. Forty-three percent (43%) of couples married more than 25 years started off in debt, while 86% of couples married five years or less started off in the red—twice the number of their older counterparts."
Entering marriage with debt can be a disadvantage. But there is hope. It may take some financial sacrifices to get out from under the stress of debt, but your marriage is worth it, isn't it?
I can help you develop a plan to get that debt paid off, and sooner than you may think.
You can master your money... and I can help!
Contact Michelle Serna by filling out the Contact Me form.
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