When it comes to dating, we all keep an eye out for the classic red flags, like refusing to introduce you to their friends or texting their “bestie” a bit too often. But what about the financial red flags that could derail both your love life and your bank account? Money may not buy love, but financial compatibility can certainly help keep it thriving. Here are six financial red flags to look out for in a relationship.
The Chronic Borrower
Ever dated someone who treats you like their personal ATM? If every date ends with, “Can you cover this? I’ll pay you back,” but your bank account only hears crickets, this could be a sign. Lending small amounts occasionally is fine, but if you’re constantly footing the bill, you might need to re-evaluate who’s really invested in the relationship.
The Secretive Spender
If they’re dodgy about their financial situation or act like their paycheck is a classified Federal Government secret, it might be time to dig deeper. Transparency is key to building trust.
The ‘Get Rich Quick’ Schemer
“Hey babe, I just need ₦500,000 to buy into this can’t-miss crypto opportunity. We’ll be rich!” If your partner is constantly chasing financial windfalls through dubious schemes, it could mean trouble. While ambition is attractive, financial recklessness can lead to significant stress (and empty wallets).
The Forever Dependent
If your partner is gainfully employed yet constantly depends on family and friends, this can signal a lack of financial responsibility and independence. We know things are extremely tough in this present economy, so it wouldn’t be out of place to ask for help sometimes, but perpetual dependency is a red flag.
The Generous-to-a-Fault Giver
It’s great to be charitable, but if your partner is constantly giving money away to friends, family, or random causes without considering their own financial stability, it could lead to problems. Now, this is not an excuse to be stingy. I feel generosity should come from a place of stability, not at the cost of overdue bills.
The ‘If I Perish, I Perish’ Spender
If their life mantra is “If I perish, I perish”, and they swipe their card without a care, you might want to take a step back. While spontaneity is exciting, a partner who spends recklessly without budgeting might struggle with long-term financial planning.
If you notice any of these signs, it’s important to address them early. Have an open and honest conversation about your financial values and expectations. Setting boundaries and protecting your financial well-being is not only smart, it’s self-care.
Read Also: Love and Loans: Should You Lend Your Partner Money?
