how to save earnings and be debtfree?
In a situation where the man has to pay huge monthly debts of $1500 +$250(interest) in eurodollars (estimated for 11yrs). He hardly saves money . Is it wise to think of him of marriage?or has he to live paying for the debts all his life?(the debts aren’t his creations)
Depends what he can afford from his earnings and what assets he may own. Unless he has a very secure income in excess of $100,000.00 he will not make it. That is a lot of money to pay for strictly a debt, If it were a mortgage and he was acquiring an asset it might ne manageable. Add Rent, car, food and Children? to the current $1750 month payments and you are broke.