When you find that person that lights up your world, it’s quite easy to be blinded by areas where you both share major differences. One of such area is financial compatibility.
Most people don’t realize this until they are deeply committed in their relationships- often in marriages. But this doesn’t have to be you.
Here are five red flags to watch out for in your relationship, even when the butterflies can’t stop flying.
1. Income Obscurity: He spoils you silly- great! But have you discovered what funds his lifestyle? Don’t just settle for I am a businessman with few connections here and there. Be sure of what he does for a living and whether it’s sustainable in the long run.
If you can’t articulate what he does or if he acts suspiciously around you regarding his job details, then you might want to be alert on this one, dear!
2. Borrowing with so many excuses: We all need a helping hand occasionally, but when borrowing becomes a constant k with no valid excuse and repayment plan, you might need to step down from cloud 9 to have a proper conversation.
3. Validation spending: To a validation spender, a false perception is more important than reality. These are the ones that drive the latest Ranges on an empty tank or flaunt a false life on social media. They are always concerned about making a false impression to feel good or respected, which may lead to them forgoing financial responsibilities to drive a wrong notion.
Not only is validation spending a form of low self-esteem and personal financial infidelity, but it might also degenerate into incurring bad debt, which might rub off on you sooner or later.
If this sounds familiar, then you need to be upfront with your partner about the dangers of such a lifestyle. And if it means seeking help or getting an accountability partner, then, by all means, do so.
4. Financial infidelity: Honesty is and should always be the foundation of your relationship, and it’s the responsibility of both parties to stay transparent at all times, no matter the situation.
Lies of all kinds should never be allowed to fester. Lying about his source of income, the money in his account, financial plans or responsibilities is an absolute no! Remember what they say, you can never forget the truth, but you’d always need to remember the last lie to cover up a new lie. How exhausting!
5. No financial plan/responsibility:
It’s so sad to discover people who don’t see any need to save despite the large incomes that come their way. They feel tomorrow will take care of itself, and with the money they earn, what could possibly go bad?
Well, this is a sign of poor financial health. Nobody prays for a stressful tomorrow, but we never know what’s around the corner of life, and that means being prepared to weather the storm the best way you can.
Living beneath your means, constantly investing in yourself to attract more income, saving and investing are healthy financial lifestyle practices. Financial success doesn’t just happen. It’s planned for. If your partner sees otherwise, then this isn’t a good sign.
So have you ever been a victim of any of these financial red flags? Sometimes, an honest answer might point to us as the culprits. What are you determined to do in such a case? Let me know in the comments, and remember this is a safe space, so be free to air your opinions with no judgement…I got you!
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