If you’re unhappy with your partner’s spending habits, you’re not alone. One in five people in a relationship think their partner is bad with money, making them 10 times more likely to break up in the future.*
So, what’s your plan, then? Do nothing and see what happens? Or take a few steps to get on the same financial page with your partner?
While there’s no one right way for couples to handle their finances, here are some things you can do to potentially repair some damage and get on the right financial track moving forward. Together.
1. Have Open and Honest Money Talks Regularly
When it comes to a relationship’s financial success, being on the same page with your spouse is kind of a big deal. The truth is, they might not even realize they’re bad at money until you talk to them.
Scheduling regular conversations to discuss financial concerns and expectations will help you and your partner set realistic money goals while avoiding negative surprises. You might even learn that some of your own spending habits need to change.
Yes, if you both aren’t used to talking about money, this will feel a little awkward at first, but it will get easier over time. And, for the sake of your relationship’s long-term health — and maybe more importantly — your own happiness, it will be totally worth it.
2. Ask This Website to Help Pay Your Credit Card Bills This Month
Your credit card company doesn’t really care if it was you or your partner who racked up the credit card debt. It’s getting rich by ripping both of you off with high interest rates — some up to 36%. But a website called AmOne wants to help.
If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.
The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 2.49% APR), you’ll get out of debt…