Sharing financial information with your partner

 

How soon should you share your personal financial information with your partner?

Money and dating tips for millennial couples. How soon should you share your personal financial information with your dating partner?

 

You’ve met what you hope to be the perfect person but you’re in a lot of debt and wondering when it would be a good time to share that information with your partner. To be honest it’s not anyone’s business how much money you make, how much money you have saved and how much debt you’re in. Wait until you’re in a serious committed relationship that is leading to marriage. By that I mean, wait until you’re engaged. At that point you both are making plans to spend your lives together and finances is going to play a big part in that.

Now if you are drowning in debt, let’s say you live at the payday loan companies, all your credit cards are maxed out, you are on the verge of filing bankruptcy. That information again albeit personal, should be shared if you’ve been dating someone for at least a year or know that you’re pretty close to engagement.

On the other hand, if you are wealthy, have a large trust fund, etc., I would recommend waiting until you’re engaged to share that information. Why do I say that? There are plenty of well meaning people in the world but there are also some people that know how to tell you what you want to hear and the play the role of the perfect partner only to gain access to your money. No one wants to marry a gold digger.

In no circumstance should you wait until you’re married to share information about your personal financial situation.
Some of the biggest causes of divorce among Americans are money, infidelity and lack of communication.

 

 

 

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