4 Financial Red Flags in a Relationship
Updated: Mar 27, 2022
Watch out for these financial behaviors that could be silent red flags in your relationship.
Relationships and finances are difficult to manage, especially when you both aren't on the same page. Aligning and having similar financial goals keep you both on track to achieving the future you both want. When it doesn't happen, it not only puts financial pressure on the relationship, but it causes stress and tension as well. Money is currently the #2 reason why marriages end in a divorce (the first is infidelity). Read on to find 4 common financial red flags in a relationship and why they're bad for your relationship.
TL:DWTR? (Too long, don't want to read?) We made it into a TikTok video!
Financial Red Flag #1: "You don't have to worry about the finances. I'll take care of it all."
You might be thinking..."Why is this a red flag? I don't have to worry about anything! This is a dream!" when in fact this is the worst possible money mindset to have. I mentioned this in my other post about 5 Phrases Hurting You from Achieving Financial Success. You're in a relationship, not a dictatorship! You and your partner should both defining what your financial goals are as a couple, build a plan on how to achieve it and keep each other on track. When you have no visibility into your finances, you have no idea if your original goals are actually being met years later. You are putting your trust in another person completely and may not be informed when things go awry.
Financial Red Flag #2: Not wanting to talk about finances at all
This should be a HUGE red flag. If someone avoids a subject by walking away or changing the subject, there's a deeper issue at play. Maybe your significant other doesn't feel confident in how to manage their money or maybe money is just not a subject they're used to talking openly about. Either way, no communication means no goals and no roadmap for your financial future.