Although debts and money are not a romantic subject, nobody should avoid talking about it to their husband or wife. While it is certainly a source of anxiety for many, money is without a doubt one of the first reasons of conflict situations for couples. In fact, financial problems are the main cause of divorces and usually bring their significant amount of stress.

In order to promote better financial health and above all, a better communication in your couple, it is important to take the time to discuss about it with your partner. Which is why Syndic.ca wants to share all the information you need before starting your next discussion.

First, it is good to know that there are several types of debt: personal debts and couples' debts. In a couple, everyone is responsible for paying their personal debts properly and paying the joint debts, even in the event of separation. Therefore, even in the case of divorce, both people are responsible for their debt.

Unfortunately, some people tend to hide their debt to their partner for fear of worrying their spouse. Be careful, however, because if the problem is not attacked at source, the risk that the debts accumulate is big. It is therefore good to decide a great action plan to control your budget in order to repay your debts.

Finally, ask yourself the question. Does having only one joint bank account and putting everything in it is a good idea? Although it is a very useful tool for certain aspects such as taxes and insurance, it is important to communicate with your partner about how you want to use it. It is imperative to make sure that you are both comfortable with your decisions.

However, if you feel you need to use external resources to adjust or improve your financial situation, do not hesitate to call our experts.