Student Loans & Marriage: Make Them Work
While marriage is a time for joy, nowadays, it involves much more planning than choosing a wedding gown, venue, cake and honeymoon destination. Nowadays, many young people enter a marriage with some kind of debt. Usually most youngsters carry a huge student loan debt that they want to repay ASAP and then of course there are the credit card debts, car loans, and what not. All these may be a big drain on your resources.
When tackling debt, try to first pay off credit cards or other consumer loans like a car loan with high interest rates. Since your student loan has a much lower interest rate, don’t be in a hurry to pay it off. These loans can usually wait for some more time. But that doesn’t mean you can tarry them off forever. Always strive to pay off debt as quickly as possible to reduce any troubles in future.