Boyfriend, girlfriend, it doesn't matter. What we're talking about today is being in a relationship that has become serious enough to share information on your personal finances.

First, you may have noticed behavior about money. Credit card use, overspending based on their guessed income. Are they borrowing money or other things. Are there many high-end consumer products in the apartment that most other friends can't afford. Be attentive.



Throughout the relationship, you should be talking about finances and each other's views of personal finance as you date. But when the relationship gets more serious you need to be able to talk openly about this subject.



Some of the questions you want to ask and answer are:

What's your income?

How much debt to you have?

What do you hope to do?




What's your income?- You certainly don't love another for the money but you need to know if this relationship is serious.


How much debt to you have?- People make mistakes, so today's debt isn't necessarily an indication of their lives in the future. But understanding what debt they have, how they accumulated it and the plan for repayment is an important talk in a serious relationship.


What do you hope to do?- Obviously, no one knows the exact future, but what plans for the future do they have?

If observations have not alarmed you and you fell good about the talk now you can apply yourself to the relationship!


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Observations:



Marion R. Syversen, MBA - President
NorumbegaFinancial
207.862.2952
Marion@NorumbegaFinancial.com
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