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One of the biggest reasons why couples fight is over money. And it's not uncommon for debt to be at the heart of the problem. Debt can cause stress on any relationship whether it's between parent and child, husband and wife or roommates. However, what marital counselors have found is that it's not debt that kills the relationship. It's the misunderstandings that surround it. We all have different viewpoints about debt. The problem arises when those viewpoints are at odds. This can cause misunderstandings and tension that kill the relationship and not just the debt by itself. The best way to avoid these misunderstandings is for the two of you to sit down and discuss things before you do anything that would mean adding on debt.
6. Always use cash to buy a house
We might be fans of our state college's football team but we’re no fan of debt. As noted above, one exception to this is a home mortgage. It's different because it's tied to an important asset that will appreciate in value in the years ahead and because of the mortgage-interest tax break it provides year in and year out. This makes a mortgage both worthwhile and attractive. However, this isn't always the case. It's critical that before you take out a mortgage you consult with someone knowledgeable and do the calculations to make sure that assuming all that debt is really a good idea. It will be disappointing if you find that you can’t afford to buy now but if you just keep building your nest egg that dream house will soon be yours.