How debt destroys your dating life
During one of my recent online chats, a reader expressed apprehension about dating someone with student loans. She wasn't sure if the debt. (Although telling a first date that you're only $11, in debt will probably Men and women show the same disapproval rating to within a. Plus, over 50% think that keeping credit card debt a secret is a reason to If I were dating someone and they were in a similar situation as me.
Should You Date Someone with Massive Debt?
You may need to put some of these goals on hold until your partner gets their debt under control. Have an honest conversation about your relationship with money growing up. What messages did they get from their parents about spending, saving and what money meant to them?
Are they really different than yours? If so, this lays the foundation for regular check-ins with each other about money issues as there is more chance of problems. If you both come from a family where saving was part of the expectation, then perhaps you can help get them back on course.
Am I OK being in a relationship with someone who has accumulated debt? If you are moving ahead with the relationship, do everything you can to be a supportive partner.
What to do if you're dating someone with debt
Identify ways that you are able to help without it costing you financially. For instance, instead of expensive date nights, encourage and embrace ways to curb spending by creating a list of free or low-cost events you can attend as a couple. Also, attend financial wellness events together.
Many cities offer events geared toward educating communities on the importance of financial education.
What To Do If You Find Out The Person You’re Dating Is Deep In Debt | HuffPost Life
You can easily find some of these for free on Meet Up. Personal finance is extremely personal; remember to avoid any conversations that can be perceived as judgmental or belittling.
This question will help you gain a better understanding of the kind of person you are dating. Men and women show the same disapproval rating to within a percentage point for most varieties of debt.
The one exception is debt to family and friends, which women find more unacceptable by over three percentage points. How about generational tolerance? Baby boomers are most repelled by credit card debt while millennials are least tolerant of student loan debt — understandable since many millennials are still dealing with theirs.
Generation X is the most tolerant of all forms of debt, with disapproval ratings consistently 3 to 8 percentage points lower than the other generations. What's the bottom line? Relatively high levels of any particular type of debt raise red flags for potential partnersand it's up to you to explain the circumstances and overcome those red flags with your other attributes.
Is Debt a Relationship Deal Breaker? Would You Date Someone With Debt?
Debt is not necessarily a deal-breaker in a relationship, but it's important for that debt to be in the right context — a moderate amount, borrowed for a good reason, and with a solid plan to pay it back. It's also important for you to be upfront about your debt with your potential partner. Debt may be a negative to overcome, but lying about your debt is almost certain to end a relationship.
The truth will eventually come out.