Would you date someone who takes out an online payday loan to pay for dinner? How would you feel about someone who is going through bankruptcy? Does it matter what a person’s finances are when you are dating? What do financial situations tell about a person who you may consider to be a life long partner? Is the topic of finance a make or break kind of deal when looking for love?
What kinds of conversations can you have with a potential partner who would not cross the line of interference? What would happen if you did not have a financial conversation then found out later that your partner was in debt? Is debt a reason to end a serious relationship?
There are different types of debt. Medical and student loan debt both accrue quickly and can leave a person deep in debt without negative reputation of irresponsibility. It is difficult to condemn a person when something unpreventable created the debt or effort put into building a better future with higher education is the cause. Some people might fear that this debt would prevent a certain lifestyle. One thing for sure is that men and women are different in their views towards money.
Females are more apt to use a payday loan online than their male counterparts.
Men are usually the ones who will take more risks with money and will skip saving money for emergencies. Money is a scorecard which can make or break their self-esteem. Women will tend to save for a rainy-day fund looking for some security “if” something was to happen, there would be something to fall back on. Of course these generalizations do not apply to everyone, but is does support the statistics that females would use a payday loan for fast cash when unexpected costs arise. There is a level of fear which undermines money choices for women more so for men.
In a marriage, these polar opposite approaches towards finances could create a powerful plan or create a disaster. It takes both sides’ participation to strengthen the finances. One person may be more apt to be “in charge” of the books, but the remaining person will need some sort of input to balance the partnership. Many financial partnerships start failing when one person has nothing to do with the finances yet complains how they are run or tries to have some input but is completely ignored. Problems can also arise when the person who takes care of the numbers fails to do so or overlooks key components and trouble arises.
As with any other part of a relationship, communication about money can be difficult, but when done well, very rewarding. The sooner you as a couple begin to share your ultimate goals with each other and learn how to compromise and at times conform; the financial plan will have the long-term goal. Take time to fill in the blanks in between, sharing responsibilities and accountability.
With any good plan, evaluation along the way is key to success. Make changes when one plan is not working properly. Look at the facts rather than the ego behind the problem. Opposites attract, remind yourself that opposite approaches to money does not mean one way is the only way, but rather combine them to strengthen the growth. Discuss areas which may need additional help and don’t be afraid to approach new avenues of hope. If the two partners have similar approaches towards money matters, the success rate could be great if the chosen way worked proficiently. When things go wrong, pull from a prepared list of options to help in any given situation. Obtaining extra cash in a moment’s notice would depend on many financial factors. your escape plan could be from holding a garage sale, getting an online payday loan or bringing in another income in to your finances. The sooner you solve a money problem, the quicker you are to avoid disaster.
