Search

5 Financial Warning Signs To Rethink Your Relationship

Things can get complicated financially and drag if you are breaking off a long-term relationship. Here are a few ways to look out for in your relationship before getting committed.
5 Financial Warning Signs To Rethink Your Relationship
In this article

Financial misunderstandings or issues can escalate and become a damper on your relationship. Keep an eye on financial shortcomings or mismatches in your relationship.

Early detection of financial infidelity can avert a not-so-trustworthy relationship and save you from a disaster in the future. Combining finances until you are married is risky too.

Things can get complicated financially and drag if you are breaking off a long-term relationship. Here are a few ways to look out for in your relationship before getting committed.

One Lie Is Enough To Question All Truths

Honesty should be displayed by both individuals to build a long-term, trustworthy, and healthy financial relationship. Lying about spending on an expensive dress or even bigger like earnings or the total debt they have on their name. A lie can set off a cascade of reactions and lead to increasing doubt on either of the partners later in the marriage.

A financial situation can go bad if you lie to each other about money matters. It is important that your partner instills trust in you or it might end your journey in a relationship abruptly.

Habit Is Overcome By Habit

An issue that can question your relationship with your partner is addiction. There are different types of addiction and one that matters to you the most is shopping. Shopping addiction is at the behavioral level and it needs great efforts to come out of it.

If undetected early in your relationship it can aggravate and all your savings and hard work will go in vain.

50/50

A mundane way of splitting finances by some couples is by 50/50 way. This doesn’t work and can be a bad choice if one of the partners is earning more than the other, but the other one wants to divide everything exactly into half.

The presence of children means you are definitely asking for more trouble. Seek counseling or maybe arrive at a mutual decision of dividing expenses based on the percentage of income or perhaps combine finances.

A handy tip is to use a payment app by either of you for your daily expenses as it can take off the pressure on spending for daily utilities.

Life Is To Be Lived, Not Controlled

Cracks in the relationship appear if one spouse tries to control the other through money and allowance. It is more common among the couple where one of the partners stays at home to run the family or house. A relationship is a union of two minds so it is advisable to combine the finances and make a decision without confronting your spouse in matters involving money.

A Goal Without A Plan Is Just A Wish

Planning needs commitment and sincere effort from both partners even if they have never done so before. Some people put together a plan only if they are married to someone who feels planning and budgeting is necessary to secure financial stability.

Counseling is not always favorable because two adults are mature enough to sit down and work out how to manage money. All it takes is a calm mind, putting your ego to rest, and changing your attitude towards a combined effort.

Every person may be different in his or her approach but the purpose is the same and that is where the difference and the solution lie. No doubt relationships are complicated and can wait for an amicable solution but financial planning relies on time which doesn’t wait for anybody.

Was this helpful?

Did you like the post or would you like to give some feedback? Let us know your opinion by clicking one of the buttons below!

👍👎
Karthik Viveka

Karthik Viveka

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

Related Posts

Kanye West
Kanye West Net Worth 2024: Biography, Career and Salary
Kanye West. The name brings up a range of emotions. Known for unabashed attitude of speaking whatever comes to his mind and his controversial opinions on music, religion and his fellow human beings, Kanye West is synonymous with fame. The world knows Kanye West, but do you know what he does with his money?
Cardi B
Cardi B Net Worth 2024: Biography, Career and Salary
Think Cardi B and money, music and memes come to mind. The woman who changed the face of rap forever may say it's okurr to be a baddie, but at heart she's a softie for several charitable ventures. She even matches the amounts her fans have given for various causes.
Dwayne Johnson
Dwayne Johnson Net Worth 2024: Biography, Career and Salary
Think muscles, money and the moves and there are chances Dwayne The Rock Johnson pops up in your head. If not, then you may sit up now if you read that he does so much more for the community from his millions in net worth.
Mr Beast
Mr Beast Net Worth 2024: Biography, Charity and Salary
Heard of MrBeast? The American YouTube sensation, philanthropist and entrepreneur. While he mints a ton of money himself, he doesn't keep it to himself. MrBeast, whose real name is Jimmy Donaldson, does a ton of YouTube philanthropy stunts. He gives out large sums of money away to friends, charities and the general public.
Can you Buy Flowers with EBT? Eligible and Non Eligible Items
Best Ways to Celebrate Independence Day at Home
Celebrating Independence Day at home can be a fun and meaningful way to commemorate the holiday. Explore the best ways to plan a festive and enjoyable celebration at home with Beem!
Features
Essentials

Get up to $1,000 for emergencies

Send money to anyone in the US

Ger personalized financial insights

Monitor and grow credit score

Get up to 20% on everyday spends

Save up to 40% on car insurance

Get up to $1,000 for loss of income

Insure up to $1 Million

Coming Soon

File federal and state taxes at low cost

Quick estimate of your tax returns

Get up to $1,000 for emergencies

Send money to anyone in the US

Save big on auto insurance - compare quotes now!

Zip Code:
Zip Code: