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Three Financial Red Flags To Look Out For In A Relationship

Three Financial Red Flags To Look Out For In A Relationship

By Contributing Advice Expert View more articles

A good relationship is more than just love, commitment, communication, and trust. Money and especially how you handle it are also factors that make a good relationship. This doesn’t mean that relationships are all about money, or that the only thing to consider before going into a relationship is money. It simply means it plays a role in relationships whether people want to admit it or not. There are plenty of families and couples going through divorces, fights, and disagreements because of financial problems.

Many times, people overlook or refuse to understand their money situation. Perhaps they hope that in time the problem will be resolved but that isn’t always the case. Sometimes the situation is grown so big that you couples can no longer find a solution to the problem.

It’s always better to address the red flags in any relationship before they worsen and spiral out of control. But before you address these red flags, the two of you need to know what they are. Here are a few overlooked sign that you both need to look out for

1. Not talking about money

One of the more common red flags in a relationship is when they couple refuse to talk about the money. If you’re getting ready to enter into a marriage, or you’re already married, then you should have had the money talk and lots of it. Money talk is very personal which is why most people don’t like having it, but then again, marriage is as personal a commitment as you can get.

If you’re yet to have money discussions on issues like who pays for what or how much debt you both are in, then it’s a red flag. You don’t want to get married while being unaware of the financial situation of your better half.

2. Filing for bankruptcy

Another red flag in a relationship is when your partner has filed for bankruptcy before. Bankruptcy is a solution people grab onto when they’re in deep financial trouble and they can’t think of another way to solve the money problem.

There should always be transparency in a relationship especially when finances are concerned. If you find out that your partner has filed for bankruptcy before then you need to ask them why it happened. Sure the event may have happened before you came into the picture, it is still a good idea to get a clear view of the story. You don’t know when such lessons or the story will come in handy

Need more information on managing your relationship and your finances then click learn more.

3. Lying

Lying is always a bad idea in a relationship. It destroys the foundations of trust and commitment. If you find out that your loved one has been lying about his or her finances, then you need to sit them and have a proper talk with them. Try and figure out if he or she is hiding something else.

Finding out that your partner has been lying about his or her personal finances doesn’tmean the relationship has to end. Try to figure to why they lied in the first place. You should also try to get to the root of the situation so you’ll know how bad it is.

You should also reflect and see if you did something that prevented your partner from opening up to you. Ask yourself if you gave him a reason to hide this from you.

Author Name: Darshan Shah
Author  Bio :  Darshan Shah is a young serial entrepreneur, digital marketer and blogger. He's enthusiastic about creating blogs and writes creative content for the readers. He loves to help people to grow their business worldwide through his digital marketing knowledge.