A newly married couple recently posed a moral and financial dilemma on Reddit that sparked interesting responses: Is it wrong to use wedding donations intended for a house down payment to instead wipe out high-interest debt?
“We essentially told everyone that instead of a gift registry, we were looking for cash to go towards a down payment on our first home together,” wrote the original poster on the r/DaveRamsey subreddit. But in the time between the engagement and wedding, the couple’s financial mindset shifted.
Paying Off Debt Vs. Sticking To The Plan
The husband noted he had already paid off $8,000 in credit card debt and was now only carrying a low-interest car loan. His wife had no car loan anymore but still held around $4,000 in credit card debt and a $5,000…more
Source www.yahoo.com
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