Money can make or break a relationship, so yes, it’s one of the biggest sources of conflict. It also happens to be an uncomfortable subject for couples, but a refusal to do so will lead to issues that will affect your own sanity in the long run. Today, we’re sharing 8 financial red flags that you should spot in your partner before you’re too deep.
8. Borrowing Money Without Paying It Back
This is a noticeable red flag that causes issues. When your partner borrows money without paying you back, it’s a sign that they’re irresponsible when it comes to financial management. It can also indicate that they’re using you for money. If this is a behavior that continues to occur, you should take it seriously. You don’t want that kind of partner managing household finances for you in the future.
TrendingNow
7. Different Financial Goals
Conflicting financial goals are a recipe for disaster. When you and your partner have different ideas about spending, saving, or investing, then it becomes hard to work on one goal and make joint decisions. For instance, the other partner wants a simple wedding to save money to buy a house, while the other wants a big wedding since it’s a once-in-a-lifetime celebration, then it means you’re not aligned. Be ready for some serious conversation with your partner and learn to compromise if you want your relationship to work.
6. They Never Offer to Pay
If you notice that your partner is stingy when it comes to paying for things, then they’re waving a red flag. It’s a sign of entitlement, or maybe they don’t see a future with you. Pay attention to the patterns when you’re dating. Ask yourself if they ever reciprocate or if they offer alternatives when money is tight. It’s important to do so to protect yourself from getting hurt in the long run.
5. Financial Infidelity
Financial infidelity may mean that your partner is hiding important financial information like debt, a big purchase, or resources. It also involves secret credit cards and hidden bank accounts. This is why you need to have a serious conversation about finances, even if it’s uncomfortable. This dishonesty destroys your trust, which would also destroy your relationship.
4. Financially Controlling or Abusive
Yup, some people use money to manipulate or show power to their partners. This usually happens if one person has more resources than the other. If your partner makes you feel bad about money or keeps reminding you of what they’ve spent on you, then that’s a clear red flag. It’s a more serious indicator that you need to run away to save your future self.
3. Risky Financial Behaviors
By risky financial behavior, we meant partners with serious gambling problems and those who are extreme shopaholics who live beyond their means. Consider it a red flag that can cost your relationship. Have a serious conversation with them and convince them to seek professional help. If not, then this will signal deeper issues like depleted savings and debt that will also affect you.
2. Excessive or Hidden Debt
Having a relationship with someone with a huge credit card or other debt can also cost you. You’ll end up having to pay it off once you get legally married, and it will hinder your financial goals together. While debt, like student loans, car loans, and monthly credit card statements, is normal, excessive debt tells you that your partner has poor financial management. Discuss it with your partner and make sure they have a clear strategy that they’re working on.
1. They Refuse to Talk About Money
Their refusal to openly talk about their finances is the biggest financial red flag. This could indicate that they’re hiding something from you that will destroy your relationship. It could also mean that they don’t see a future with you. Remember, if you can’t talk about money, then there’s no way for both of you to build a future together. Run away and save your future self.
