Should you dump the guy with money problems? 13/07/27- Financial Post Jason is 27-years-old and single in Vancouver.He enjoys his government job, loves playing sports, going hiking and spending time with his German Shepherd. He’s looking for a woman who is outgoing and philosophical. Also, as of 2012, he had $35,000 in consumer debt. Is Jason datable? Should someone’s financial stability be a deal breaker? In an age where people enter serious relationships with more financial baggage and where you can curate online dating profiles based on spending habits, financial experts argue that money matters when it comes to love. “Feel free to have your way with whomever your partner is; but don’t hitch your cart to a horse headed into a ditch,” says Gail Vaz-Oxlade, money guru and author of Money Rules. “What you’re marrying is someone’s character and their financial behaviour is a reflection of their character. If they don’t think they have to pay back what they borrowed, what does that say down the road for their relationship; if they always put the here and now before the there and then, what does that say for your relationship long-term?” Matchmaking services and financial experts both stress financial compatibility — with reason given how money problems can destroy relationships. Dating websites such as eHarmony allow users to indicate whether they are spenders or savers in their profiles. CreditScoreDating asks members to provide credit scores for potential sweethearts. “I don’t think it’s fair to say that people are dating to gain financially; but if you are taking on someone’s financial burden, that tips the scale a little bit,” says Laura Tulley, a 26-year-old Toronto-based publicist. Ms. Tulley dated a guy who lived with his parents and carried a lot of debt; but he continued to spend on eating out and drinking. “It was always in the back of my mind as something that would be an issue. You work hard as a young person to be financially stable, at least I do, and it’s important to me.”
Posted on: Sun, 15 Sep 2013 05:47:42 +0000
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