I recently married and I'm wondering how to handle his debts. I make more $ and am a big saver. I have almost 20k saved; he has about 22k in debt. We are opposites when it comes to money; I'm a saver/budgeter and he is not. I am concerned with getting his finances squared away because he has had money problems for years and I would like him to finally be able to afford to travel, buy a home with me, etc.
Scenario 1: Completely pay his debts. I worry that if I do this, he will just adjust his life to having no bills and will ultimately have more free cash to spend... so sometimes I think it's better for him to have bills to pay and for me to continue socking away money into savings.
Of all of his loans, these two seem to be the ones that he has carried for years with no real progress:
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a 12k loan (3.2%)
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a 7k loan (8.4%)
Advice? Should I help him pay all of his debts or just these two? Or is continuing to save my best best?
Submitted September 23, 2017 at 10:22AM by katielalala http://ift.tt/2xAQAU4
