Debt Consolidation USA Discuss the Effects of Marriage on Personal Finances

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Debt Consolidation USA publishes an article on their website to discuss how personal finances can affect a marriage.

DebtConsolidationUSA.com

Before marriage, a couple has two separate financial situations. In marriage, that will become one.

Debt Consolidation USA takes on a different issue in the article published on their website last September 10, 2013. Titled “On Marriage And Your Personal Finances,” the debt relief company discusses how personal finances can affect the lives of a married couple.

The article admits that choosing the person to marry should mostly be an emotional decision. However, Debt Consolidation USA urges couples to consider the financial aspect of their lives first. Before marriage, a couple has two separate financial situations. In marriage, that will become one.

There are financial benefits when someone gets married. The article provides six specific advantages that consumers will get upon marrying the person they love.

1. Combined salaries. If both are working, the household will have double the income that used to come in every month.

2. Shared household costs. Just as there are combined incomes, the couple will also share in the expenses. While the overhead will definitely increase, there are certain expenses that can be shared like rental costs or the mortgage.

3. Insurance benefits. The article also shows how insurance premiums will also be given discounts after certain unions. For instance, being married to a responsible driver can result in a car insurance discount.

4. Credit score effect. Just like in number 3, the article also states that a marrying a person with a good credit score will boost the other person’s credit rating.

5. More employer benefits. Usually, a consumer’s employer benefits cover their spouse. That means the couple can combine their benefits or probably choose which one they will retain.

6. Increased possibility of being financially stable. Two people are always better than one and the same is true when they are working towards financial stability.

Despite all these benefits, the article also warns that financial problems can be a strong force that can separate married couples. This serves as a warning to all couple so they can prevent this from happening. Household finances and personal habits can create difficulties between husband and wife - or even partners for that matter.

Debt Consolidation USA cites 4 different financial problems that can cause a rift in marriages.

Debt is leading on the list. This is true whether one or both got the household in debt. It breeds discontentment, stress and unnecessary tension. Another issue that is also prominent is the question about who pays for what expenses. This is an important discussion that the couple must reach an agreement on. The third issue is all about who makes the financial decisions. Some couples agree to consult each other but sometimes, this does not really happen. Usually, the person bringing the bigger income gets to decide. Lastly, the never ending conflict between the spender and the saver comes into play.

All of these issues can really drive married couples into ruin if they are not careful. To read the whole article, visit the website of Debt Consolidation USA or click on this link: http://www.debtconsolidationusa.com/personal-finance/on-marriage-and-your-personal-finances.html.

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Adam Tijerina
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