What to do when your partner is drowning in debt

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Couple looking at financial documents (PHOTO:GETTY IMAGES)
Couple looking at financial documents (PHOTO:GETTY IMAGES)

Money is one of the leading causes of friction in relationships, but the good news is there are ways of tackling this thorny issue and getting your finances – and your romance – back on track.

IF YOU’RE IN A NEW RELATIONSHIP: If your new partner often asks you to help pay their debts, think seriously before you agree.

If you are constantly bailing them out, they won’t learn how to be responsible with their money, warns Kenosi Magosha of Sanlam Personal Finance. It’s a good idea to consult a financial planner together to devise a practical debt plan.

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