(Black Enterprise) — Debt is never pleasant. But when you’re in a relationship and you share the bills, debt can have a bigger impact. It not only affects your personal budget but your household budget as well. It can put a strain on your relationship as well as your finances. A huge bill means less money is available for your shared expenses. Follow these tips for dealing with debt as a couple.
1. Don’t hide debt. One of the worst things you can do is try to cover up your debt. If (most likely when) your spouse finds out about it, this will create tension and feelings of mistrust. Order your credit reports and go through them together. Fully disclose your financial picture.