Dave Ramsey Thinks Buying a Home With a Partner Before Getting Married Could Be a Financial Disaster

When it comes to homeownership, money expert Dave Ramsey does not recommend buying a home with someone you’re not married to. 

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On Aug. 10, Ramsey buy their first home

However, Ramsey said to never do this under any circumstances. Here’s why Dave Ramsey thinks buying a home with a partner before getting married could be a financial disaster.

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According to Ramsey, people in relationships who buy homes together before getting married complicate the breakup “like nobody’s business.”

“You’re gonna buy a house with her? You better put a ring on it first, buddy,” Ramsey said.

The call took an interesting turn when Dominic revealed the couple had been together for six years. Getting married, Dominic said, would cost a lot of money to spend on the wedding.

“You don’t have to spend a lot of money on the wedding,” Ramsey personality Jade Warshaw said, adding that you can get married at a courthouse and have a party later if wedding costs are too expensive. 

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Don’t Buy a House With Someone You’re Not Married To

Ramsey has heard horror stories over the years about couples who weren’t married and bought a house together.

“Because you now have a partner, you have no protection under the law,” Ramsey said, “Get married and then buy the house.”

Even if you have to put off buying a house because you have an expensive wedding, Ramsey highly recommends making these moves in the right order. 

“I don’t want your marriage doomed and I don’t want your finances doomed,” Ramsey said.

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This article originally appeared on GOBankingRates.com: Dave Ramsey Thinks Buying a Home With a Partner Before Getting Married Could Be a Financial Disaster

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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