Couple counting money

Navigating the dating world isn’t always easy. But when you find that person you’re really into, there comes the moment when you have to have “The Talk”.  Now, there are several versions of those talks. There’s the sexual health talk.  Then sometimes there’s the talk about each other’s spiritual beliefs. Then comes the shared politics talk.  Not every Democrat wants to date a Republican.  But there’s one talk that people tend not to have, until they’re having dinner and notice that one person is always paying the check more than the other.

Personal finance seems to be a slippery slope when it comes to talking about it with other people. A recent survey from from Wells Fargo (NYSE: WFC) revealed that Americans find discussing personal finances as difficult as talking about other thorny discussion topics like religion and politics. Nearly half of Americans say the most challenging topic to discuss with others is personal finances (44%), whereas death (38%), politics (35%), religion (32%), taxes (21%), and personal health (20%) rank as less difficult. Although the survey was  designed to take the pulse of American’s perceptions of their own financial health, it can definitely give you an idea on what people aren’t discussing when they embark on a new relationship.

“It’s not surprising people don’t want to talk about money, investments, tax strategies, or even how much to put aside for a child’s education,” said Karen Wimbish, director of Retail Retirement at Wells Fargo. “But not spending time today to think about the future can be costly in the long-run. I think of personal finance in the same vein as my health—I wouldn’t keep concerns about my physical health private. I’d consult a doctor or talk to a friend or family member about it.”

But when do you have the personal finance talk? Does it happen on date 5 or date 10? Before you think the “big question” is going to be asked? Or casually slip it in on date one?  It’s not like there’s any easy way to find out someone’s credit score. Just because someone seems to have it together on the outside, doesn’t mean their FICO isn’t suffering.


Clutchettes, when do you have the personal finance conversation?

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