In the golden days of a new relationship, money is typically the last thing on anybody’s brain.
Hearts are beating fast, connections are being made and love is all around – so why would anybody want to ruin that with a discussion about rands and cents?
Be that as it may, as the relationship progresses, the importance of talking about money and any surrounding issues grows.
“It is crucial to consider and communicate how money matters impact future finance in a relationship.”
If you’re still dating, there are a few things to consider when having this conversation. If you’re married and find out about any debt your spouse might have, you don’t need to fight or ignore the situation. In fact, dealing with it together, with active communication and healthy discourse can help lead you to the path of prioritising your budget while fixing your finances.
How to tell a partner you’re in debt
We should cover something first: There are various stages of a relationship. You’re not obliged to share a detailed rundown of your salary to somebody you’ve just been on a couple of dates with or that individual you have had an on-again, off-again relationship with for the past couple of months. However, if you’re in a genuine, committed relationship, it’s advised that you share your monetary concerns.
“Depending on how much money you owe, it could affect your life together.”
This can have an impact on your partner, particularly if it could influence both of your financial records and possibly prevent you from being approved for home loans or credit in the future.
How to ask a partner if they are in debt
By not telling your partner you risk them finding out all on their own. This could raise red flags in their minds, they may begin to question different parts of the relationship.
“In the event that you suspect that your beau is in the red, you can – and should – speak to them about it.”
Have the hard conversation for a happier future
Ask them in an extremely unbiased, calm tone when you are both sitting down and nothing else is going on.
Your partner might not be willing to talk about financial concerns. Support an unresponsive partner by providing details to confidential expert debt counsellors who are experienced in dealing with discreet financial matters.
If you are in a relationship, currently concerned about your financial future, call us on 087 6546 470 and we’ll walk you through the best approach to deal with your debt, as well as communicating with your partner.