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Financial red flags in the dating world

It’s the day after Valentine’s Day, you’ve exchanged treats with your sweetie and all is well. Or is it?<br />

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.

If some of these red flags pop up, move cautiously. People can get very defensive about money so talking might be difficult. But don’t give up because if you can’t discuss every aspect of money you’ll have serious problems down the road.

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.

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