It’s the day after Valentine’s Day, you’ve exchanged treats with your sweetie and all is well. Or is it?
Love should be all about romance and passion, but money problems are a prime killer of relationships over time. If you aren’t financially compatible with your partner, the stress mounts up.
Most people wouldn’t dream of choosing a mate based on their financial personality -- unless, of course, you’re looking for a sugar Daddy or Mama. But how a person handles their money does reflect elsewhere in life.
As a public service to all the valentines out there, here are nine, totally unromantic red flags to warn of a potentially disastrous relationship.
- Lives at home but has no savings.
- Has a modest or part time income (nothing wrong with that) but doesn’t show any interest in working full time or bettering themselves.
- Borrows money from you and has to be asked for its return. Make this a double red flag if he or she borrows money on a first date.
- Regularly borrows money from family members.
- Uses a cheque cashing or payday loan service.
- Can’t exactly explain what he or she does for a living – the last time I ran into this, the charming fellow had a grow op in his basement, but said he was into importexport.
- Has stacks of unopened bills.
- Makes lots of cash withdrawals.
- Shows a reluctance or impatience to talk about anything financial.
One way to break the financial ice -- or break the relationship -- is to suggest trading credit reports. This is the litmus test. If your main squeeze is still taking your phone calls the next day, you may have found yourself a keeper.