Consumer Phrase of the Day: ‘Sexually Transmitted Debt’

“A new national survey a different kind of STD that couples must worry about. Turns out if you marry someone who has debt and doesn’t tell you about it, you may pay the price for years to come. Plus, if your spouse is financial promiscuous while you’re married, you may be on the hook to pay off your spouse’s secret spending. The even scarier part – many folks have ‘sexually transmitted debt’ and don’t even know it.”

Cheapskate Wisdom from … Lots of Cheapskates

You can learn lessons about money the hard way: For example, by digging yourself deeply into (and hopefully out of) credit card debt. Or you can learn from the experiences of folks who have been there, bought that, and who now proudly preach the gospel of frugality.