Tips to avoid debt and divorce in recession
In these tough economic times, how do you get your finances on track and save your personal relationships?
When couples enter into a relationship, many don’t discuss finances, how to budget or have a savings plan.
Elena Jara is the education coordinator at Credit Canada, a non-profit organization that provides money and credit counselling to people who are in financial difficulty. “Many of our clients have come in to our offices and due to financial strain are considering separation or divorce.”
One of the biggest problems, says Jara, is that more often than not you are dealing with two different personalities. “It’s very important that you sit down with your partner and figure out a style of money management.”
Jara recommends that couples follow these four steps to avoid h...