Now there is a difference between those than have a financial problem and are working on it versus someone that is clueless or just simply does not care. Those improving their situation by all means is a deal breaker, but for those that seem to be lacking financial stability, it may be something you re-think if you start sharing income or even walk down that aisle to get married and you are responsible for each other’s finances. If you are worried, take a look for a few warning signs.
Unpaid Bills a Problem?
If you spend enough time with someone you are bound to find out secrets sooner or later, so if you start to see unopened bills pile up or notice past due stamps in the mail, it may be an underlying issue that something is wrong. Depending on what it is, it could send you running before you are brought down with this mess. A huge part of your credit score involves payment history, so if there are unpaid bills it could mean trouble in getting a potential mortgage or car loan down the road.
Blows Off Financial Questions
Finance talk is not the most comfortable conversations to have if you are embarrassed about your income level, but even more difficult if you have to disclose how much outstanding debt you have or what your credit score is. It is important in every relationship to be on the same page when it comes to finances, so if your significant other is blowing off that talk it could be a sign of overlying issues.
Many Open Credit Cards
If your partner is using credit cards for rewards that is one thing, but if there are a stack of credit cards being used, especially a different one used every time is definitely a sign of something going on behind the scenes. Flipping between cards could mean a sign of being potentially maxed out, significantly hurting a credit score and taking years to pay off debt if it is even being work on now.
Flashy Clothes or Car
There is nothing wrong with enjoying the finer things in life, after all you worked hard for it, but there is a telling sign especially if there is splurging going on and your significant other either lives at home, or is renting. Home purchasing is not for everyone, I get that, but if you are renting and spending everything you have, there will be no savings in case of emergency or a future home purchase.
Every Weekend is a Shopping Spree
Shopping is fun, don’t get me wrong, but if most of your activities involve going out shopping and buying things for yourself, for your home, or are constantly planning vacations, it may be time to take a look at the books. Spending money is unavoidable, but in order to get ahead in life you need to avoid unnecessary purchases and much as you can and free up extra money to fund your retirement years.