That debt was initially 'a source of friction' in Josh and Lauren Hastings' relationship, but now they work as a team to pay it off.
In addition, the study found that 86% of couples married five years or less started off in debt.
We spoke to Josh Hastings, a financial writer who combined his debt with that of his wife Lauren Hastings. Here's how it's gone for them so far.When Josh and Lauren Hastings got married about three years ago, Josh had $21,000 in debt — $14,000 from, $5,000 on his car, and $2,000 on a small personal loan that he used to make a down payment on an investment property.
Hastings said while he doesn't recommend refinancing or consolidating debt, he does recommend treating your finances as one: one marriage, one house. However, Hastings said they are fine-tuning their debt management all the time. For instance, they didn't refinance their student loans until it was financially advantageous.
As of this writing, the Hastings have $123,000 left to pay for their student loans, $9,000 in a home equity line of credit, and $125,000 remaining on their townhome.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Avengers: Endgame' on pace to crack $300 million in US and Canada openingThe 3-hour film starring Robert Downey Jr., Chris Hemsworth and Scarlett Johansson is the final chapter in a story told across 22 Marvel films. It picks up after 'Infinity War,' when many of Marvel's big-screen superheroes appeared to turn to dust.
Read more »
'Avengers: Endgame' on pace to crack $300 million in U.S. and Canada openingMarvel superhero spectacle 'Avengers: Endgame' hauled in a record $60 ...
Read more »
Theater owners create 'perfect storm' for 'Avengers: Endgame' opening, film on track for record $300 million US debut, $1 billion global haulIn its opening day in North America, 'Endgame' took in $156.7 million, including $60 million from Thursday night previews. Only days ago, it seemed impossible that 'Avengers: Endgame' could haul in even close to $300 million domestically during its opening weekend. Now it seems inevitable.
Read more »
'Avengers: Endgame' is set to smash box office records, but won't surpass $300 million in US debutEven with a record number of presale tickets and additional showings, 'Endgame' probably won't earn much more than the predicted range of $260 million and $285 million for its U.S. debut.
Read more »
‘Avengers: Endgame’ is obliterating box office records. Just how high will it go?By Saturday, analysts said it was all but certain that the superhero movie would cross $300 million at the domestic box office, beating projections of $260 million.
Read more »
Venture Funding For 3-D Printing On Track For Record Year Even Before Carbon's Coming $300M DealVenture funding for 3-D printing companies is on track for a record year even before accounting for Carbon's coming $300 million deal.
Read more »
Box Office: 'Avengers: Endgame' Superhero Fatigues To Record $157 Million FridayUnless it's as frontloaded as that other super-duper finale ('Harry Potter and the Deathly Hallows Part 2'), 'Avengers: Endgame' will easily score the first $300 million-plus domestic debut.
Read more »
Box Office: 'Avengers: Endgame' Superhero Fatigues To Record $157 Million FridayUnless it's as frontloaded as that other super-duper finale ('Harry Potter and the Deathly Hallows Part 2'), 'Avengers: Endgame' will easily score the first $300 million-plus domestic debut.
Read more »
Box Office: 'Avengers: Endgame' Superhero Fatigues To Record $157 Million FridayUnless it's as frontloaded as that other super-duper finale ('Harry Potter and the Deathly Hallows Part 2'), 'Avengers: Endgame' will easily score the first $300 million-plus domestic debut.
Read more »
‘Avengers: Endgame’ is obliterating box office records. Just how high will it go?“It's a fait accompli that ‘Endgame’ will be the first film in box office history to open to over $300 million in North America,' one analyst said.
Read more »