There is a saying that “When money goes out the door, love jumps out the window.” Talking about money is not an easy topic, because whoever asks would seem intrusive and the questioner will probably feel invaded because it is an intimate issue that only belongs to one, if you are single. But, the thing changes if you share your life, that is, you are married (free union, couple, boyfriend) put the name you want to the relationship, the point is that you share life, goals, business, debts and others.
Therefore, it is important that they are honest and do not hide details of their economic situation, so each one can make financial decisions in particular or in pairs with hard data.
How much do they earn?
Both should know what tickets they will have as a couple because their budget will start from this date. You already know that we have told you many times that it is INDISPENSABLE to carry a budget because this will be your financial compass and you can make purchasing or austerity decisions, as the case may be.
What debts do they have?
Basic, both must be transparent. If you realize one point is a consequence of the other. So, if either one omits any debt because he thinks he has it under control, but what would happen if your income decreases? or your partner wants to buy a house, so, he invites you to both pay the cost because he considers that neither of them would have a problem to face that debt, oh, oh! it is not your case, but you accept it, total, what can happen! you think Well, with that new debt and your ordinary expenses acquired in your new partner stage, you may have exceeded your ability to pay.
This case is common, and the quick solution is to acquire a loan, occupy the credit card, etc. And the problem instead of diminishing increases until it becomes unsustainable and stays bad, either with the couple or with the creditors. The bomb explodes.
Commitments to someone else?
If you continue to help your parents, siblings, etc., it is also important to mention it, so you will know that yes and what expense you will not be able to face, it will not pressure you.
“I don’t think anything should be omitted, it’s a very important point, part of life as a couple is finding someone with whom you can grow financially. It’s like any other lie or omission, not sharing that date with your partner (sic). Octavio G.
“In particular, my wife does not know exactly how much I earn, I feel it is not necessary. When my wife worked I didn’t know her income; each one put for the expenses of the house and we bought our own things (sic) ”. Elias E.
“It depends on the couple, personally I think it is not necessary, if each one takes care of their personal expenses and together they take care of the expenses of the house (sic)”. Jazmin G.