Friday, July 4, 2008

‘Til DEBT do us part …

This is really funny but it’s a reality. I came across this phrase in a book about managing finances. The author also mentioned that 56% of all divorces are a result of financial tension in the home by the Gallup Poll.


I guess, as singles we should be good stewards of our resources. Let us not join those 56% and add to it... Let’s save money and be content with what we have. It is important to know and get what we need and not what we want. Be debt-free! It’s liberating!
I’ve seen couples getting married just to find out that their partner has been drowning in debt. Don’t marry someone who has overwhelming debt unless you want to be a hero or you can afford to pay his or her debt in the name of love. But who would want to end up paying debt for the rest of his or her life, end up in jail… or dying and in debt? Remember that conjugality does not only include asset but liabilities as well. It’s always better to be wise. So, do you think it is a good idea to conduct a “silent” credit investigation or check on your partner first before considering marriage? Hmmm… What do you think? :-)