{"id":1108,"date":"2023-03-27T09:40:58","date_gmt":"2023-03-27T08:40:58","guid":{"rendered":"https:\/\/www.redstareducation.co.uk\/blog\/?p=1108"},"modified":"2023-03-27T09:40:58","modified_gmt":"2023-03-27T08:40:58","slug":"talking-about-money-in-a-relationship","status":"publish","type":"post","link":"https:\/\/www.redstareducation.co.uk\/blog\/talking-about-money-in-a-relationship\/","title":{"rendered":"Talking About Money in a Relationship"},"content":{"rendered":"

When you\u2019re in a relationship, you don\u2019t necessarily have the exact same view towards money as your partner. However, this does not mean you should avoid talking about your finances altogether. Rather, it makes those conversations about money all the more important.<\/p>\n

Honesty is Key<\/h2>\n

First things first, make sure you\u2019re honest with your partner about your financial situation. Lying about things like debt or money troubles can create huge problems in the long run. Relationships should be built on a foundation of trust, and this trust extends to your finances.<\/p>\n

In 2017, a survey found that 28%<\/a> of those in relationships lied to their partner about spending money. In addition to this, 26% stated that they would not trust their partner to make financial decisions for both of them.<\/p>\n

\u00a0Being financially incompatible can cause huge problems in a relationship, as it creates a space for lots of disagreements and possible secrecy down the line.<\/p>\n

It\u2019s a good idea to try to start open and honest conversations about your finances, even if you find this uncomfortable at first. For more info on why talking about money with our loved ones is so important, check out this blog<\/a>.<\/p>\n

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Work Out What\u2019s Best for You<\/h2>\n

There is no one right way to manage your finances in a relationship. You should figure out what method of dealing with your finances is right for you and your partner. This may be:<\/p>\n