On the Dave Ramsey show last night a few of the callers were wives that had major credit card debt that their husbands didn't know about. One of them had about $78,000 in credit card debt and they only made about $60,000 a year. She had tried refinancing their house by her house to help with the situation and found out they both had to sign to refinance.
Dave suggested to have both spouses be involved and in agreement with the spending. In a lot of couples if one makes the money they leave it up to the other one to manage the spending. But if they get to being over their heads all of the weight and worry is on one person.
Studies show, one of the major cases of marriage problems is because of finances. So to have a better marriage it was suggested to work together on the finances.
Even if you aren't married, some people lie about their finances. By pretending to be able to afford things they can't afford. But evenutally it catches up to them.
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