HERE ARE SOME STEPS TO FOLLOW

ASK FOR A MEETING WITH YOUR PARTNER TO EXPRESS CONCERNS

Don’t be aggressive; be calm, measured and explain you’re feeling vulnerable and out of the loop. Don’t be surprised if your partner is relieved to be put in this situation. They may have made a mistake which has gotten out of control and they’ve been too embarrassed to tell you. If they refuse to talk, then you have a serious problem and need advice from a professional like a lawyer or accountant.

FORGIVE AND FORGET, WITHIN REASON

Weigh the situation rationally, but your partner should make some financial sacrifices, such as delaying other purchases, to get the family budget on track.

AGREE ON FINANCIAL GOALS AND A BUDGET

If your goals and desires are significantly different, talk about how you’ll set priorities and compromise. Try to come to an understanding about what is important to both of you.

DISCUSS YOUR MONEY STYLES

If you have different styles of spending, consider creating separate accounts so each has control over a reasonable amount of discretionary cash.

HAVE REGULAR TALKS ABOUT MONEY

Follow our rule of setting aside 15 minutes a month to sit down with your partner to talk about money and your financial goals and priorities.