My boyfriend and I got engaged at Christmas. We've been living together and splitting our home bills 50/50 for two years, and then each paying our own credit cards, phone bills, etc.
In the next few months we're moving to a new area and getting married. Using the principles of this subreddit, I've paid off my credit cards and my car loan. My student loans were paid years ago. Since then I've concentrated on paying into my 401k and putting 10% or more of my pay into savings each month.
We're planning a small, inexpensive wedding, so no debt to take on there. I'm hoping we'll get enough cash in wedding gifts to make a dent in a down payment on a home in a few years.
However, I recently realized my fiance still has 30k in student loan debt from his Masters, because apparently he went to a much more expensive university than I did.
I'm concerned this will impact our ability to get a mortgage in a couple years, even with good credit and a down payment. I'm getting a promotion and will be making more than double his salary (currently making 14k/yr more already) and we're planning to divvy our home bills by percentage accordingly. Should I offer to contribute to his loan repayment as well? I know that essentially when I marry him I marry his debt, and I suspect I can't just ignore it if we want to begin making big purchases together.
Submitted March 14, 2017 at 09:00AM by jumpedupjamboree http://ift.tt/2mnxwiY
