falling in love and eventually getting married can be a warm and wonderful feeling
Los Angeles-Long Beach, CA (PRWEB) April 01, 2016
National Debt Relief recently shared in an article published February 28, 2016 some valuable tips for consumers to sniff out a financial vampire even before they tie the knot. The article aptly titled “Are You About To Marry A Financial Vampire?” looks into the behaviour of these money bloodsuckers to help people detect and avoid them.
The article starts off by pointing out that falling in love and eventually getting married can be a warm and wonderful feeling. In fact, it is even possible that it is the best feeling in the world. But this can also cloud a person’s judgment and one of the delicate areas that can be severely is their finances.
Before getting married, people must be able to have that money talk with their partner because finances is a crucial pillar in any relationship. People might be marrying what the industry refers to as a “financial vampire” and they do not have an idea until it is too late. It is important to assess the finances and the money behaviour of people before settling down.
The article shares that one of the first signs of a financial vampire is when the person keeps on borrowing money on a consistent basis. This might be on impulse or simply trying to cover previous debt that has come due. This is a serious red flag that people needs to be on the lookout for before getting married.
Credit card debt is another area people need to look at before settling down. It doesn’t mean that the wedding is off when a partner has credit card debt. What needs to be looked into is the amount and the reasons behind the debt. More importantly, there needs to be a genuine desire to pay off that debt with a solid repayment plan.
The article also reminds consumers that there are people with a taste for champagne but living on beer salary. This simply means that their lifestyle is disproportionate with their income and they are living way above their means. To read the full article, click https://www.nationaldebtrelief.com/are-you-about-to-marry-a-financial-vampire/