6 Ways Your Relationship May Be Affecting Your Finances

Money cannot buy love – and you need to remember this when you start a new relationship. While this sentiment is true, money can be the main reason it doesn’t work out between you and your partner. 

Your relationship might lead to your finances suffering greatly, which will cause you a great deal of distress. Here are some of the ways your relationship can affect your finances. 

1. Sharing Of Financial Responsibilities

When you are in the initial stages of love, you want to prove to your partner that you will do anything for them, no matter the cost. While this might make your partner get drawn to you, it might also lead to you giving too much of your finances in a relationship that will not work.

You might be in a relationship with someone only for you to realize that their spending habits are different from yours. If you date a spendthrift, then the chances are that you will be paying for things they bought that they could not afford most of the time.

2. Debt Accumulation

3. Asset Acquisition

What you should get from a relationship is a person who complements you and treats you well. If you feel like you are the one who is footing the bills and acquiring new assets, you might feel bitter towards your partner. 

4. Asset Sharing

If are facing the end of your marriage, then chances are the assets will be split between the two of you. Such issues often need a divorce attorney because they can get messy.

5. Power Play In The Home

One thing that makes people uncomfortable is how their partners treat them when it comes to money. Feelings can creep in if you make much more than your partner which can lead to resentment if they continually spend more than they earn.

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