Can you talk about debt with your partner?

posted by in Living with debt

Did you know that money worries are one of the biggest causes of stress in a relationship? One plus One has released a series of videos that look at real couples’ stories about being in debt, how it affects relationships and how they got back on track.

One plus One is a charity dedicated to helping people build stronger relationships. They’ve recently been exploring the different reasons couples might get in debt, as well as the stresses that they experienced including working longer hours, spending less, and not being able to socialise.

  • During their research they discovered that:
  • 55% of couples include money worries in top three relationship strains
  • Getting just three months behind on your bills can have a negative impact on your family life
  • Debt is the number one problem area for newly married couples

Have you experienced relationship problems as a result of money worries? Do any of these situations feel familiar to you?

Losing a job – ‘The breadwinner’

Having a baby – ‘The pay cut’

Borrowing too much – ‘The rollercoaster’

Having more fun than you can afford – ‘The tycoon’

What can we learn from the stories?

  • Don’t hide money problems from your partner – it can be damaging to your relationship
  • Learn some budgeting skills together. Read our guide to making a budget
  • Try to share the responsibility of budgeting, working together to manage your money
  • Take time to talk about money worries and try to avoid blaming one another
  • Consider getting debt advice if your debts are making it difficult to pay your bills

You can read more about One plus One’s research and the #talkmoneysecrets campaign over on their website.

Rebecca Drury is the latest addition to the MoneyAware team joining in November 2016, with a background in ecommerce and social media management. She enjoys live music, travel (especially trying local delicacies) and loves reading vintage sci-fi novels. She's an excellent dancer and loves researching money-saving tips.

Written by

Tags Living with debt