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How’s your credit card debt these days? If you’re struggling with your finances, you’re not alone. What’s more, if you’re single, you’ve probably found that talking about credit card debt is not something you really want to do, especially with the person you’re dating.
But while you wouldn’t want to drag out all your problems (financial and otherwise) along as conversation topics on your first few dates, you should discuss it eventually. Even if you’re not planning on getting married, hiding credit card debt (even if you just never bring it up) can cause problems in your relationship.
No One Enjoys Talking About Credit Card Debt
Many people avoid talking about credit card debt as a rule of thumb, which includes singles going out on dates and married people who don’t want to bring up the subject with friends.
In a recent survey, 85 percent of people said they wouldn’t want to bring up credit card with someone they’d just met. What’s more, they were more likely to talk about things like how much money they made, their weight, or even health problems before they’d talk about credit card debt.
While it’s natural not to bring it up with someone you don’t know very well, in a relationship there will come a time when not mentioning will have negative circumstances for your love life. So while the first or second date aren’t good times for the subject, it will have to discussed at some point.
Singles and Credit Cards
According to Daily Finance, “Men carried an average of $12,953 in debt, while women had an average of $11,486.”
More singles are using their credit cards for essentials. One estimate is that one-third of households head up by someone fifty and older use credit cards for things like groceries, utilities, and even their mortgage.
While some of this debt has accumulated by things like a job loss or underemployment, other causes stem from habit. If you’re not in the habit of carrying cash with you, things will go on your credit card.
How Credit Problems Affect Relationships
Credit and financial problems can have a big impact on a relationship. Credit card, debt, for example, is viewed as a weakness. It hints at a lack of self-control. While the charges might be justified, the perception still exists. If you’re in the dating world, this could be something that a potential love interest views you more negatively for, and may avoid getting serious with you because of it.
The longer a relationship progresses, the more devastating hidden credit card debt can be. Things like financial infidelity harm relationships not just with the burden of debt, but with secretiveness and breach of trust.