If your partner seems defensive, withdrawn or agitated about money, or if they keep you from seeing joint statements or bills, it could be a red flag. Ultimately, you are the best judge of your own relationship. If you both agree that some financial aspects should remain private, then you don’t have to reveal everything — and that’s okay until you’re ready to get serious.
But if you’re considering a big step like moving in together, this is the perfect time to start the conversation. It’s important to know what you’re getting yourself into when you sign a contract or open a joint account. Your partner’s finances are now linked to yours and you can be held liable for late payments, debts and damages your partner causes.
GET READY FOR THE MONEY TALK
When you are ready to start the conversation, just try to be compassionate with yourself and your partner. Talking about money is hard, but if you can come clean about your financial lives, you will be much better prepared to face anything else life throws at you.
As always, we’ve got your back. — The On Your Own Team