Unfortunately, couples who argue about money matters once a week are 30 percent more likely to file a divorce. Money matters are the second leading cause of divorce. Couples with $50,000 or more in debt say that money is the primary reason for their argument. However, about two-thirds of all marriages start in debt.
Money is an essential parameter of a healthy marital relationship. Therefore, it is necessary to know about each other’s financial situation and ideas about money management.
While you are dating, try to understand the other person’s views on money matters to know whether or not you’re on the same page. Even if not, try to determine whether or not both of your views are rigid, or you can easily discuss and find a solution to money matters.
A person being in debt can influence the other person to splurge in a relationship. It is a little difficult to resist enticements.
Initially, a person with good money habits can get influenced, start using credit cards inefficiently, and incur debt problems.
A person good at managing money may overlook the other person’s good qualities and may not want to enter a relationship with a person with debt and who can’t manage finances efficiently.
After marriage, debt can influence in the following ways:
I always advise not to criticize a person for debt problems. It might be that he or she has dealt with a financial emergency. So, it is better to find the cause behind the debt problems.
If it is due to poor money management habits, then a person better at it should take charge and help the other person manage money efficiently. And, if it is due to a financial emergency, then help your partner budget well, save money, and repay payday debt or credit card debt as soon as possible.
First of all, not blame your partner for the debt. There may be several factors to experience debt problems.
Motivate your partner to repay debt - If you are good at managing money, share your tips so that your significant other can get out of debt fast.
Show how to deal with debt - Use a credit card responsibly and show him or her how to do that.
Find out a way to repay debt - You can talk to your partner to opt for payday loan help or opt for credit card consolidation to solve debt problems.
Set a time to talk about finance - While dating, set a week to discuss money matters, and it will make your relationship stronger.
I would advise you not to reject a person just because he or she can’t handle finances efficiently. If you are better at it, help your significant other to learn it, too.