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So You're Marrying A Man With A Lot Of Financial Debt...

marriage advice: financial debt

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Love, Self

An increasing number of married couples are dealing with sky-high debt.

No longer am I hearing my single girl friends talk about finding their "knight in shining armor." Instead, they're talking about how much debt this guy is going to bring to the table. They definitely have a reason to be concerned, since it isn't at all unlikely that they will date and then marry someone who has been married more than once. They're also looking at men who have outstanding loans from school, a mortgage, car notes, credit cards, judgment liens or are even facing bankruptcy. 

Issues with money are usually rooted in someone's childhood. Parents tend to be very influential in how the child perceives managing the money in that household. If the parents teach budgeting and money-saving techniques, the child will use such techniques in his/her adult life. If money is seen as the "root of all evil," this negative perception will follow the child throughout their life.

There is also a psychological element to money. People tend to use money as a tool or means to alleviate any negative emotions. For example, when a woman goes through a divorce, she may pull out her credit card and engage in compulsive shopping as a means to avoid the pain of the divorce. On the other hand, a man may use his money to attract lots of women so he can avoid feeling lonely. There's always an emotion or feeling associated with spending money, and that feeling dictates how much or how little of the money will be spent. When those feelings involve a love relationship, particularly one associated with a negative experience, the money may end up being spent unwisely. Keep reading...

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