Entering into a partnership with another person requires trust and clear communication, whether it's through marriage, cohabitation, or joining households all on your own. For a majority of Americans, that means staying totally honest about spending habits and financial accounts. There's still that minority that's holding back, though — and the numbers are significant.
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GOBankingRates has just released data showing that 22 percent of Americans say they haven't been totally honest with a current or ex-partner about money. Nearly half of offending respondents say they're not being fully upfront about their spending habits. Other areas that people are fudging include debt, salary, credit score, and gambling habits.
When 26 percent of people in relationships say that money is their No. 1 stressor, this leaves plenty of room for improvement. Money habits may even determine whether your relationships progresses in the direction you'd like it to go. (In fact, 40 percent of survey participants said that irresponsible spending was a deal-breaker when dating.) Couples come to rely on each other potentially for decades, shaping how each person becomes financially savvy in life. When you're able to talk openly and honestly about money, there's evidence that it improves each partner's wellbeing.
If you're having trouble broaching the topic, there are plenty of ways to have the money talk with your partner. If that's too intimidating, it's always worth interrogating yourself before you make any big moves. Count yourselves lucky in one regard: You could be in an Austenian romance, and not one of the happy ones. Better to make a good change now than further down the road, and too late.