Money is a sensitive topic. Many people who have money problems would rather avoid the issue altogether than find an appropriate way to discuss it with their partners. The bottom line is that if you’re serious about a relationship, it is critical to have the right talk about your money issues at the right time.
The following tips will assist you with this process:
1. Choose your timing carefully.
The first date is not the time to mention substantial credit card debt or staggering student loans. However, you don’t want to wait too long either. Many people make the mistake of waiting until they are months, if not years, into a relationship.
2. Have a calm and composed conversion.
Have the discussion when you are both in a calm and relaxed mood and you have plenty of time to get into all of the details. You don’t want to make a sensitive topic worse than it really is because you’re in a rush or one person is already upset or stressed out about something.
3. Honesty is the key.
Above all else, it is important to be honest about your problems. It can be tempting to gloss over the heart of the issue or only include certain details. However, in the long run, you’ll be glad that you presented all of the information upfront.
4. Be realistic.
It is understandable for a significant other to be upset or even angry upon learning about your financial issues. While it is highly unlikely that your partner will break up with you immediately, you may not get a desired reaction right away.
5. Give your partner time.
If your significant other doesn’t want to discuss it further, give him or her time to digest everything. Don’t force the issue.
6. Don’t bring up the topic all the time.
It may be weighing on you to find a resolution or work through the entire issue at once. Go slowly, understanding that your partner is only going to be interested in talking about it from time to time.