Is your relationship in trouble due to debt?

By Staff Writer
Relationships are wonderful things, the person you love, and you, together, forever. Well that is the ideal anyway, but this is the credit crunch. Many relationships are in trouble due to debt and financial issues caused by the global economic downturn. There are also legal issues when a couple may be legally liable for the debts of the other partner. When financial stress hits the relationship it can spell real trouble and there are many couples out there, right now, suffering due to the stress that debt has placed on their relationships. So what can you do about it?

 

 

The economic recession has brought a lot of stress onto a lot of people and as people's finances are very personal, most folk don't want to share their difficulties with anyone, not even their spouses. This, however, can lead to serious friction in the household. Many couples fight about money, but there are ways to deal with the debt trouble that you and your spouse may have. The key is to be honest. Many men still feel that it is their right to be in charge of the household finances, but the fact is that women are in charge of where the most of the money gets spent. If there isn't honesty then your budget may be compromised.

Planning a budget together allows a couple to be sure of where they stand and what they can actually afford. When a couple plans a budget together they can really see what the reality of their financial situation is. If you have been honest and you are still suffering from debt trouble then you can engage the services of a professional debt management firm who will be able to get your finances and your relationship, by extension, back on track. Don't hide away from your debt trouble, don't destroy your relationship over money. Be honest, plan a budget together, and hopefully live happily ever after.

Recent Articles

Featured Register your customary marriage or lose the right to inherit estate

December is that time of the year when we will see at least one suitor sending his uncles to negotiate the price of his future wife. Lobola, as the bride price is known, has always been an important element of the African marriage.

Read more

Changing from one medical scheme to another - effortlessly

It is coming up to the end of the year and you might be looking to change medical schemes, or options within a scheme in preparation for the new year. While you don’t necessarily have to wait for year-end to do so, providers often recommend it.

Read more

Your guide to financially surviving Christmas

There are a few times each year where you need to dig deeper into your pocket and spend more money such as birthdays, anniversaries, and the Christmas period. Whether you celebrate this religious holiday or not, the festive period - depending on how you choose to spend it - means increased travelling, buying of gifts, entertaining, and eating out at restaurants.


Read more

Trump, Trump and a little bit of South Africa

What a November we had, with the rand staging one of its best months and closing below the R14.00 level. To be honest, this looked like quite a far-fetched possibility at one stage during the month. It seems that the tide has changed a little, even though it might be short lived since the US dollar bulls are not so sure of their case anymore.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Free iCollege Scholarship

Price: R600
When: Until 16 May 2019
Where: Nationwide

Telkom December Big Deal

Price: R459 pm
When: Until 31 December
Where: Nationwide

Money Savvy Kids Giveaway

Price: R450
When: 8 December
Where: Johannesburg (Milpark)