5 Common Financial Red flags In Relationships

woman and man sitting on brown wooden bench

You are probably all loved up right now and caught between romantic getaways, date nights, fancy dinners, and all the lovey-dovey that comes with a new relationship. As a result, money conversations are the last thing on your mind. But soon, you may begin to notice some financial red flags and disturbing patterns regarding your partner’s finances.

couple having an argument
Photo by Timur Weber on Pexels.com

Considering that financial abuse is one of the crucial things that many people face in relationships, it is an important area to keep an eye on before saying, “I do.”

The sooner you identify financial red flags in your relationship, the sooner you can address and resolve them. Failure to address them early can lead to relationship and financial strain, which may also impact your finances.

Suppose you are already married or have kids together; you can still have conversations and correct the things that need to be corrected.

So today, we are diving into five common financial red flags and what you should do when you observe them in your partner.

1. Your Partner is Secretive About Money.

It is a red flag if your partner does not want to talk to you about how much they earn or how much they have saved. They do not want you to know whether they have loans or credit cards. 

It could mean that their finances are not in good shape, they are ashamed of what they earn, or they don’t trust you. It may also mean they are not interested in working on their poor financial habits.

If someone you are dating is secretive about money, it will be challenging to know when they are in financial trouble. Unfortunately, these financial troubles may end up impacting you. 

2. Your Partner Lies About Money

Lying about money in your relationship is a red flag, a no-no. People that lie about money will spend and deny that they did. They borrow money and lie about it.

I once met a guy who made up money that he did not have. He constantly lied about how many assets he had, so I had to end that relationship. Dating a liar means you cannot tell whether they are financially buoyant or in trouble.

3. Your Partner Spends credit casually

Your credit is not your money; it is the money you borrow that comes with interest. People who spend credit casually do not understand the basics of money. Likewise, they may not understand how a credit card works and how to spend credit.

Someone who spends credit casually is likely to spiral into uncontrollable debt. Dating such a person can drag you along and affect your financial achievement in the future. You do not need to walk away from the relationship but sit down and have that conversation.

4. Your partner Gambles a Lot

Gambling is a habit that you need to watch out for in your partner. It can ruin finances. People who gamble do not stop; they keep going because it is pretty addictive. 

If you find that you are with someone who loves to gamble, you need to have that conversation. It would be best if you found ways to talk about your partner’s gambling addiction or habit.

Otherwise, they will gamble away their savings, borrow money to gamble, and end up in bad debt, which may impact their finances.

5. Frequent Job Changes

A financial red flag is someone who cannot hold a job down for more than six months. Somebody who changes jobs every six months is a financial and character red flag.

If they change jobs every six months, they are less likely to benefit from what their organization offers. In addition, many companies expect you to be with them for about three months before enjoying pension and health programs.

Leaving after six months means you do not enjoy those benefits; this may impact their credit because they do not have a regular income. They might also struggle to enjoy other financial benefits like getting a mortgage.

Constantly changing jobs may indicate poor team players, less tolerant, and terrible at enduring. It may also mean that they do not have a career and are yet to figure out what they want to do with their lives. So staying in such a relationship might impact you somehow also.

Know when to walk away...

The first thing to do is talk to a professional counselor who can mediate your financial conversations and give you the tools to work things out. However, if your partner is unwilling to change, you can walk away due to irreconcilable financial issues.

While walking away might be difficult, primarily because you have invested a lot into the relationship, you deserve a be in a relationship that aligns with your financial goals and values.

Till next time,



Published by ronkeodewumi

I am a Chartered Accountant (ACMA, CGMA) and seasoned Management Consultant with about 16 years of experience driving the delivery of strategic solutions to complex problems of global firms. Through my blog, youtube channel, social media, tailored courses and downloadable material, I share information, resources and tips to help you manage your money better, grow your business, progress in your career, thrive in difficult times and create a life that is safe from failure, while being the best version of yourself. You will also find here links to my youtube videos where I share more nuggets to help you achieve and live your dream life. I am based in London, United Kingdom and always happy to connect with you via email (ronkeodewumi@gmail.com), social media or my contact page here.

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