Dear Penny: I’ll Never Marry My Boyfriend, So Can I Hide My Debt?

Dear Penny,

My boyfriend and I are 71 and 72. He’s been divorced three times, and I’ve been widowed twice. We both have our own the house and good incomes.

The problem is, I’m in debt due to my last-place partner. My boyfriend always talks about how he is debt-free except for his mortgage. We” re in love” and committed to each other.

Do I have to tell him about my obligation when we have said we don’t want to remarry? I am baffled about the debt.


Dear L .,

You aren’t obligated to disclose every single aspect of your life and finances to your admirer. Of racetrack you’d need to tell him you have debt if you were talking about marrying or is moving forward together. That’s not the case here.

As long as your obligation isn’t impacting him, you shouldn’t feel guilty for not telling him. But I wonder if you’d feel better if you told him.

I’m going to paraphrase Dan Savage, the mythical kindnes and gender advice reporter, and give you the advice he often rehearses when someone is scared to reveal something about themselves to a partner: If you tell your boyfriend about your obligation, you’ll be exposing one thing about yourself. His reaction will discover everything about him.

What I’m hoping is that you’re underestimating your suitor. You say he “always” talks about being debt-free aside from his mortgage. It may be that he’s simply more open to discussing money than you, so it feels like he’s persistently talking about his lack of debt.

Context importants a great deal here, more. Is he making it up because he’s proud of the accomplishment? Or because he’s evoked about all the things he can do because his expenditures are low? That’s a lot different than if he’s the type of person who thinks that exclusively because he’s debt-free, anyone else who has debt is irresponsible.

Your boyfriend’s reaction isn’t the only thing to consider when you make this decision. Be honest with yourself: By stop this secret, are you spending more money because you’re trying to pretend like you don’t have any obligations? When you’re not upfront about your financial positions, you often wind up with a lifestyle you can’t afford. You say yes to the vacations and restaurants that are out of your budget because you don’t want anyone to suspect that you’re struggling.

I have no idea if this is happening here. You don’t say how much indebtednes” youve had” or whether it’s practicable. But if this wage snacks up a substantial portion of your income and you’re a duo who tends to split things relatively similarly when you go out on times or travel together, it’s something you need to seriously consider.

One benefit of telling your boyfriend is that opening up can be a relief. Keeping a bad situate riddle simply compounds the stress. When you look at something through the lens of sadnes, it often becomes so bad than it actually is in your mind.

If you haven’t told anyone about this waver money, consider telling a trusted friend or own family members first. Doing so could help you gauge your boyfriend’s reaction. You may also discover that talking about this isn’t as flustering as you’ve imagined.

Regardless of how you are carried out with your lover, I hope you recognize that not talking about this debt isn’t going to make it disappear. You need a plan for how to inhibit this fee, whether that involves paying it off as quickly as possible or remaining the monthly remittances as attainable as is practicable. If you haven’t done so, consider making an appointment with a financial planner or consultant to make sure your plan is solid. You may feel better about telling your boyfriend you have debt if you can also talk with confidence about how you’re management it.

Not to add to your pressing, but the longer you remain this a secret, the harder it will be should you eventually open up. Even the most pity marriage may be hurt to learn that you’ve been curtailing indebtednes a secret for years because you were afraid of their act. Conversely if he doesn’t react well, your affliction will be exacerbated after vesting many years together.

I won’t try to pretend that learning your indebtednes is a deal-breaker for him wouldn’t be incredibly pain. I certainly understand why the easiest thing to do is not to talk about this when you’re happy and in love. Still, I think it’s important be interested to know whether he helps more about you or your net worth.

Whatever you choose, I hope you can stop feeling flustered about your bribe. It’s not a character flaw. Life can molt a good deal of rapid snags at you. Sometimes your battle airs come in the form of debt. Hopefully after seven decades in the world countries, your fan is smart-alecky enough to recognize that.

Robin Hartill is a authenticated financial planner and a elderly scribe at The Penny Hoarder. Send your ticklish coin questions to AskPenny @ thepennyhoarder. com.

This was originally published on The Penny Hoarder, which facilitates millions of works worldwide remuneration and save money by sharing unique job opportunities, personal floors, freebies and more. The Inc. 5000 graded The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

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