Marriage is a partnership, and those vows do say “for richer, for poorer”which means if your partner has debt, it is now your business. But navigating debt isnt quite so simple. Some debt is good, other debt is bad, and some debt can come after you, even if your partners name is on the account. If youre getting married to someone who has debt (or you have debt yourself!), these are the things you need to know.
Getting married requires a little more financial planning than just managing your budget, which is where the pros come in. Matt Reiner, CFA, CFP, and CEO and co-founder of personal financial planning app Wela, has seen it all, and is here to help us figure out what you need to know about your partners debt, as well as what to do a…
Read the full article at: http://www.brides.com/story/everything-you-need-to-know-about-your-partners-financial-debts