When we think of a relationship, all we imagine in our head is the happy moments that couples enjoy while being together. Well, this is not our problem but the fault of stereotype romantic movies that we grew up watching. For most of us, a relationship is all about the fairy tale mentality statement “and they live happily ever after”. This is not always the case and relationships are not just a happy ride in the real life.
There are obstacles and jerks faced by many couples that can sour even the strongest of the relationships. And one of the most common and heated argument topics among the couples is the FINANCE ISSUE. Believe it or not! Typical fights are easily forgotten or resolved by the couples but financial issues have a lasting effect on a relationship that can take a heavy emotional toll.
This is the reason why every couple should understand each other and respect their partner’s financial status no matter how bad is it affected. Here, in this blog, we have prepared a list of 5 serious financial problems that can damage a relationship. So let us have a look at them one by one.
Financial problems which are not good for your relationship
- Keeping your old debts a secret
The first rule of having a successful relationship is the trust between the two partners. Thus, it is very important for you and your partner to trust each other and be completely transparent to everything. If you are in the burden of an old debt and for a long time about which you haven’t spoken to your partner, then it’s time you better to do it. Hiding these things is not going to work and you need to tell your partner about your current financial situation. By sharing your problem with your partner, you may get the morale that will lessen your burden. Also, who knows your partner may suggest any useful idea like debt consolidation loans for bad credit people from the reliable direct lenders like Buddy Loans, Loan Palace, Everyday Loans or others that can help you get rid of your issue quickly.
- Damaging your partner’s credit or savings
People who really care about each other would never take any step that would damage the credit profile of their partner. However, sometimes a person ends up doing it unintentionally for e.g. failing to pay up the bills or not contributing to a financial agreement. Generally, couples take big financial decisions of their life together like buying a new home, car or something else on which they decide to pay together. In this case, if you or your partner either forget or fails to pay up their part of the share, this can damage your partner’s credit profile along with your relationship with him/her. Another financial mistake that many people do is that they start spending their partner’s savings without informing them. Yes, it is true that in a relationship, one needs to share everything but when it comes to finances, it is better to first inform your partner. God knows, he might be saving it for purchasing something big or even planning to give you a diamond ring at next anniversary.
- Being over dominating
A major reason why many people end their relationships is the dominating issue that their partner evolves during the time. Yes it is true that we all want our partner to take care of us and show affection in a relationship. But this should not turn into a dominating issue where the one partner starts controlling another one. To some extent it is good and quite acceptable, but if your partner starts taking all the decisions on their own, then it could be a red signal for your relationship. It is important to understand that, a couple should take their decisions together and especially the financial ones. Thus, if you want to keep your relationships healthy, then it is better you don’t dominate them. Discuss all the issues with your partner and if they come up with a decision then respect it.
- Not communicating about finances openly
Also, one thing that many couples miss or simply ignore in their relationship is not taking out time to have money talks. Whether you are married, or dating or in a relationship for a long time and thinking of getting married, it’s important that you communicate each other about all sorts of financial topics related to your life. Gone are the days when only men used to handle all the expenses alone to pay the bills at the restaurants. Now, women are also working to keeping shoulder to shoulder with their partner. Thus, it is important that you figure out the financial details like who will pay the rents and bills. You can split the bills equally depending on you and your partner financial situation. It is very necessary that you take financial matters seriously and discuss them together as an adult.
- Not taking help of experts
We all do mistakes and this is what makes us humans. So, if you are undergoing any financial issues, then instead of blaming each other or criticising the decision made by your partner, go take the help of experts. If you think that the situation is out of control, then you can take hire a financial planner and discuss all your issues rather than playing the blame game.
When you are in a relationship, it is important that you keep everything simple between each other. By keeping all the things in mind mentioned above, you will definitely be able to avoid any kind of trouble that could arise between you and your partner.