Being in a committed relationship with a significant other involves sharing a part of your life with them. Therefore, it is essential that you look out for any red flags and try not to ignore them in the name of love. This is particularly important when it comes to money, as it has been known to ruin relationships when not properly managed and discussed.
Here are some financial red flags to take note of in relationships:
Accumulating Debt
They always borrow indiscriminately, incurring so much debt in the process. Sometimes, they borrow money to purchase things they don’t need, and they’re always dodging calls from the people they owe. This is something you shouldn’t ignore at all. Speak to them about it, offer advice and guide them on how to do better.
Being Tight-Fisted
Omo, if your partner is stingy, it’s a red flag oh. While there may be cases where they are trying to manage their finances or experiencing some financial downtime, not wanting to spend money at all (and leaving you to settle all the bills) is certainly something to be wary of. Have an open discussion with them about it and let them know how you feel.
Overspending
If your partner blows through money indiscriminately, it is something you should certainly take note of. If they are mismanaging their finances and purchasing items impulsively way too often, you should talk to them about it. Overspending can lead to debt and also cause them to become overdependent on you—and other people, for financial help.
They’re Stealing From You (And Others)
Listen, this flag is crimson red oh. If you’ve noticed that your partner has been stealing cash, you certainly shouldn’t turn your face away from it. Call them out on it and break up with them, dear. Ignoring (or tolerating it) will only have consequences that certainly won’t favour anyone.
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They try to control your money
They want to track every purchase you make, tell you what to do with your money and even grant them access to your bank account and receipts. That’s a sign of a controlling partner and you shouldn’t overlook it. Set healthy boundaries and let them know how you feel.
They are too secretive about financial topics
Communication is essential in relationships, and money is certainly not a topic to shove under the carpet. Ideally, you should be able to talk about money with your partner- your financial goals, beliefs and standings. If your partner finds it hard to discuss money— or ignores the topic entirely, you should try to ease them into the conversation. You should also try to find out why they are averse to discussing the topic, to see how you can approach it better.
Bustle quotes Tina B. Tessina in this article, saying “The more frequently you discuss your finances, the less difficult the discussions will be, and the more likely that you’ll make good financial choices.”
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