New Haven Register (Sunday) (New Haven, CT)
TASHLEIN
reconsider a dating relationship if they found out their partner was in debt, according to a survey by Finder.com, https:// prn.to/2LPj5Dk.
Most respondents were not concerned about mortgage or vehicle payments. The types of debt that raised red flags were credit card debt, payday loans and loans from family or friends. The size of the debt mattered, too: Respondents became uncomfortable with payday loans above $1,477, family loans above $4,183, credit card bills more than $11,866, auto loans greater than $24,411, medical bills more than $37,561, student loans more than $48,455, and home equity loans greater than $62,215.
What are the most important qualities singles look for in a potential matewhen it comes to personal finance? More than half of Americans (55 percent) look for strong
budgeting and saving skills, according to a survey by Ally Bank called Love & Money, https://prn.to/2LPj5Dk.
In addition, 21 percent appreciate dating partners who “pay as they go” to avoid credit card debt, and 18 percent seek out mates who are thrifty bargain hunters, the Ally Bank survey revealed.
A very low percentage (3 percent) of respondents said they look for partners with a high credit card limit who like “finer things and good times.” Fully 76 percent said it’s important to find a partner with a similar approach to money and personal finances.
If you think your messy money habits are affecting your love life, here are some steps to take control of your finances:
— Limit credit card use. — Make paying off debts a priority.
— Monitor your credit. — Create a budget and follow it.
— Save money by cooking and eating at home and
bringing coffee from home.
— Look for overspending such as paying for streaming services you don’t use.
— Analyze every purchase – is it a “need” or a “want”?
— If possible, find ways to increase your income so you can indulge once in a while paying down your debts.
Eric Tashlein is a Certified Financial Planner professional and founding Principal of Connecticut Capital Management Group, LLC, 2 Schooner Lane, Suite 1-12, in Milford. He can be reached at 203-877-1520 or through www.connecticutcapital.com. This is for informational purposes only and should not be construed as personalized investment advice or legal/tax advice. Please consult your advisor/attorney/tax advisor. Investment Advisor Representative, Connecticut Capital Management Group, LLC, a Registered Investment Advisor. Connecticut Capital Management Group, LLC and Connecticut Benefits Group, LLC are not affiliated.