Last updated: 12 February 2019

We can overlook a lot in the name of love, the snoring and other annoying habits but finances shouldn’t be one of them. Before you start merging your life, home and money, here are some of the warning signs you should look out for if you find yourself worrying about the ways your partner handles their finances. Because the sooner you start to spot them, the better.


# They refuse to talk about money

When it comes to discussing budgets and finances in a relationship, it can be a difficult conversation to have, but if you plan to share your finances together and your partner refuses to talk about their financial situations, this could be the earliest warning signs for you.


# They don’t make repayments on time

If you constantly find late notices addressed to your partner, this goes to show that your partner is not keeping on top of their finances.

Many couples open joint accounts or apply for joint loans after they get married or in a committed relationship, but if you find your other half constantly late in making their repayments, then think twice before committing to this arrangement.

Having your partner as an additional cardholder should also be carefully considered, as they are not legally responsible for the charges they make on your credit card and you’ll be solely liable for any debt on the account.


# They hide their debt

Finding out that your other half is hiding piles of debt is an unpleasant surprise, especially if you’re in a long-term relationship.

Personal finances, especially debt, is a highly sensitive topic and asking your partner to share this information with you is extremely important – how much debt do they carry and what plans do they have to clear it, so you understand what sort of relationship you’re getting yourself into.


# They have different money values

You may be a penny saver, but your partner lives pay check-to-pay check and does not approach financial matters the same way as you do. If your attitude towards spending and saving are very different from each other, it could cause friction and lead to a series of endless arguments in your relationship.


# They have a bad credit reputation

Does your partner keep getting knockbacks from credit providers? Having a bad credit score is not necessarily a deal breaker in a relationship, but it pays to be more aware of the financial red flags that could potentially influence the low score. After all, having a poor credit history could affect everything from applying for loans to financing a car or house, which, affects your life together.


If you are worried about your partner’s credit reputation and want to help them to improve their financial wellbeing, you can sign up to Credit Savvy today and refer your partner to get their credit score for free too!


Visit our Learning Hub to find more articles on how to manage your finances if you’re in a relationship.