Guiding consumers since 2009

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 The bank took money from my account – is this allowed?

You’ve just deposited money into your account and suddenly you see a notification from your bank. Money has been deducted from your account to pay the outstanding debt that you have with the bank. Is this allowed?

How much does it cost to draft a will?

Having a Will allows you to determine who inherits your property when you die. If you die intestate, the government will determine how to distribute your assets. Many people die intestate because they don’t know how to draft a will or are intimidated by the costs of drafting one.

Is your home correctly priced for the current market?

The property market is typically in either one of two phases, a buyers’ market or a sellers’ market. According to real estate experts, we are currently in a buyer’s market. For this reason, it is important as a seller to correctly price your house to ensure interested buyers and a valuable sale in the end.

Fuel rewards programme – how to fill up on petrol and points

South Africa’s volatile economy has often meant that factors like the fuel price bear the brunt. This year alone the country’s fuel price has fluctuated by between R1.50 to almost R3, which has put increasing pressure on motorists. That said, many of the bigger South African brands have provided some relief by way of fuel rewards programmes.

Deals

Mowana Voucher Special

Price: From R1,099
When: Before 24 December 2019
Where: Johannesburg

Birchwood Hotel Christmas Gift

Price: R959
When: Between 15 December 2019 to 1 January 2020
Where: Johannesburg

Burger & Lobster Lunch in 30 Minutes Special

Price: R99
When: Mondays
Where: Cape Town