Expert reveals the biggest financial warning signs in relationships

Financial stability is one thing most people crave when it comes to relationships — but experts say many overlook the red flags.

The She’s on the Money team spoke out on their Instagram page about red flags, including refusing to talk about money and chronic overspending.

The women were happy to highlight the “awkward, uncomfortable warning signs that this may not be the soulmate you want.”

Victoria Devine, pictured, who founded the She's on the money podcast, stresses the importance of being open about money

Victoria Devine, pictured, who founded the She’s on the money podcast, stresses the importance of being open about money

The number one financial red flag for people in romantic relationships is an inability to talk about money with your partner.

This could create confusion about spending habits, savings goals, and whether or not you’re compatible as a couple.

One woman said she would leave immediately if she found her partner couldn’t talk about money.

“Start early and often about money! And if they don’t want to say goodbye,” she wrote on the post.

opinion poll

What’s the biggest financial warning sign?

  • Don’t talk about money 0 votes
  • Have no savings 1 votes
  • overspending 2 votes
  • want a joint account 0 votes
  • gambling 4 votes
  • don’t pay back money 0 votes

According to the podcasters, if your partner borrows money and doesn’t pay it back, warning bells should ring.

Being pressured to open a joint bank account is another big red flag, they said, adding it’s important to be able to talk about and stick to your limits.

The fourth big red flag is when your partner is “living far beyond their means.”

This could seem like overspending on groceries, building up debt with new cars, buying now, paying later, and not budgeting appropriately.

In the post, the women also asked if anyone else had any top financial warning signs they’d like to add to the list.

And people were happy to do that.

“You would definitely have to add habitual gambling to the list, wouldn’t you?” wrote a woman.

If your partner is constantly living outside of their means, that's a big red flag and needs to be talked about

If your partner is constantly living outside of their means, that’s a big red flag and needs to be talked about

While another said having a partner who “has the final say on how shared savings are used” is an important red flag for them.

What Are the Big Four Financial Warning Signs of Mature Romantic Relationships?

1 – Don’t talk about money with your partner

2 – Your partner borrows money and never pays it back

3 – Your partner is pushing you to open a joint account

4 – Your partner lives well outside of their means

One woman said she felt uncomfortable when her partner wanted to know what she was spending her money on.

Another money expert, Shahirah Gardner, previously spoke to FEMAIL about red flags in relationships and agreed that it’s important to start talking about money early on.

For Shahira, lack of savings, an unstable job, living week-to-week and drowning in debt were the four biggest red flags.

She explained that saving is important because they demonstrate “self-discipline and respect for financial goals.”

Financial instability was their next big red flag: “If they have stability at work, their chances of stability at home are all the greater. Not to mention that it’s harder to pay bills and plan vacations when you can’t guarantee a steady income.”

The third, drowning in debt, is important because to share life with someone is to also share debt – directly or indirectly.

Living from paycheck to paycheck is the next big red flag for Shahirah, although half of all Australians said so.

“Although it seems almost inevitable for many young Aussies, how soon will your partner run out of money? If it’s payday and they’re counting down to the next one, be careful.”

Financial red flags need to be evaluated from the moment you meet and keep an eye on the throughput of the entire relationship as circumstances change.

What Are First Date Financial Warning Signs?

The main red flags as revealed by singles actively involved in the dating scene.

1 – Flaunting your wealth – 46% of people found this repulsive

2 – Order the most expensive thing on the menu – a red flag for 37%

3 – Refusal to recognize financial privilege – a big no for 30% of people

4 – Gender specific rules or expectations regarding bill payment – ​​Disliked by 28%

5 – Pay for everything with a credit card – a red flag for 27% of people

What are the three-month red flags?

After the first date, it’s important to look out for warning signs for the first three months.

1 – 52% of people find partners who act richer than they really are repulsive

2 – 43% are looking for professional instability

3-40% are concerned when partners keep their income a secret

4-38% see “buy now, pay later” programs as a red flag over three months

5-33% of people think long-term use of credit cards is a problem

It is important to be able to talk about money with your partner, otherwise there will be problems

It is important to be able to talk about money with your partner, otherwise there will be problems

For example, Syncd relationship expert Jessica Alderson said some red flags take longer to surface, while others should be viewed as instant deal breakers.

This includes paying for everything on credit, flaunting one’s wealth, refusing to acknowledge financial privilege and ordering the most expensive thing on the menu.

“It’s good to make a decision on a first date when the red flag is obvious. It’s far better to break things off quickly than to end up in a toxic relationship, which can be very damaging in the long run,” she said.

How should I talk about finances with a new partner or on a first date?

1 – Don’t be afraid to split the bill

When you date, be open about who is paying and what you can afford. You shouldn’t feel the need to pay for something you can’t afford.

You can easily bring up the topic, for example by suggesting how they would like to pay at the beginning of your meal. This will help you avoid arguments about money towards the end of the date.

2 – Listen and learn

You can learn a lot about someone on a first date and even at the beginning of a new relationship by listening to their values, hobbies, and goals. Watch what their lifestyle is like.

Are you frugal? Or are you open to luxury? This will help you better understand her as a person and if her goals align with yours.

3 – Share your values

Your values ​​make you who you are. And a big part of any relationship is being honest about what you want out of life.

So share your financial goals. Do you want to own your home? Buy a van and travel around the world? You can then see how compatible you really are.

4 – Don’t be curious too early in the relationship

If you wouldn’t ask a friend about their credit score, then you should hold off on the subject on a first date.

If they aren’t as forthcoming about money as you are, that doesn’t mean you can’t continue to date. It just might take longer for them to open up to the conversation.

Instead, get to know them little by little and learn about their values ​​when it comes to money along the way.

5 – Don’t set your own financial goals

Even if you are sure and sure of your financial goals, it does not mean that the person you are dating shares or has the same values. Have them open up about their own goals and see if they match.

Source: Money Super Market

“However, sometimes things get lost in translation on a first date. So if you’re not sure if something is really a red flag, go on another date and watch closely for additional behaviors that help clear your doubts.’

Financial experts from Money Super Market agreed, noting that while 27 percent of people think using a credit card for every purchase is a red flag, that may not be the case.

“Credit cards can actually be a sign that you understand how to manage your money. A credit card, when used properly, can improve your credit score and ensure your rating is healthy, making it easier to secure a loan or even get a mortgage,” they explained.

The real red flag that your date might have a spending problem is when they rely on “buy now, pay later” programs, they said. Expert reveals the biggest financial warning signs in relationships

Bradford Betz

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