There are a lot of reasons that debt can be a problem for couples. One person may have racked up a lot of debt on their own, while the other person is trying to pay off their partner’s debt. Or, one person might not understand why they should pay off another person’s debt.
No matter what situation you’re in, there are ways to manage your debt together and ensure it doesn’t affect your relationship. In this episode of His and Her Money Show, we are joined by Marcus and Daneen Weeks, a couple working on paying a debt of around $740000.
Marcus and Daneen Weeks share some tips on tackling debt as a couple. They talk about the different types of debts they are attacking, how they started the conversations on financial freedom, where they are in paying the debt, and the mental toughness needed in the journey to financial independence. Tune in to learn more on this and other exciting topics!
What You Will Learn
- The different types of debts that Marcus and Daneen are tackling
- How they started the conversations on financial freedom
- The total amount of Debt that they have and where they are on the payment
- Advice to people who are starting their journey on financial freedom
- The mental toughness needed in the journey to financial independence
- How to stay focused on your goal
- Tips for tackling debt as a couple
- Involving your kids in the financial conversations
- Words of encouragement to those who are starting their journey to financial freedom
Resources Mentioned