Tag: relationships

The Gold Digger Accusation: When Your Boyfriend’s Finances Are the Real Problem
November 4, 2023 Off

The Gold Digger Accusation: When Your Boyfriend’s Finances Are the Real Problem

By The Admiral Staff

A woman is seeking advice on how to handle her financially independent boyfriend’s dismissive comments about her finances. The advice columnist suggests she pay expenses proportionally to income, but highlights his refusal to let her contribute more than a small amount as a red flag indicating he may not see her as an equal. The columnist urges her to address his remarks directly and reconsider the relationship if he continues to imply she’s a gold digger, emphasizing she’s not holding him back and should not accept that narrative

Friend or Lender: Protecting Relationships When Money’s Involved
July 25, 2023 Off

Friend or Lender: Protecting Relationships When Money’s Involved

By The Admiral Staff

Lending money to friends or family can strain relationships if not handled carefully. The article advises creating a written contract outlining the loan amount, interest rate, repayment schedule, and consequences for late payments to avoid misunderstandings and potential resentment. Charging interest is also recommended, both to satisfy IRS guidelines and to create a more equitable dynamic between lender and borrower. Ultimately, the article suggests that if you’re uncomfortable with a formal contract, it might be better to gift the money instead to protect the relationship.