1. Secretive spending habits

Open and honest communication is the foundation of any successful relationship, including discussing financial matters. If your partner is secretive about their spending habits, it could be a sign of trouble. While everyone is entitled to some financial privacy, excessive secrecy or hidden financial accounts can lead to trust issues down the line.

2. Irresponsible debt

Debt is a reality for most people, but the way your partner manages it can reveal a lot about their financial responsibility. If your significant other has a history of accumulating excessive and unmanageable debt or avoids discussing their financial obligations altogether, it’s essential to address this issue early on. Irresponsible debt management can lead to shared financial stress and negatively impact your future together — AND your credit rating.

3. Lack of financial goals

A shared vision for the future is crucial in a long-term relationship. This includes financial goals such as buying a home, saving for retirement, holidays or planning for children’s education. If your partner doesn’t seem interested in discussing or setting financial goals, it may indicate a lack of commitment or a misalignment of priorities.

4. A fair contribution to expenses

In a healthy relationship, financial responsibilities should be fairly distributed, taking into account each partner’s income and financial circumstances. If you find yourself constantly shouldering a disproportionate amount of the financial burden, that was not previously agreed, it can lead to resentment and strain on the relationship. It’s important to have an open conversation about financial contributions and expectations to ensure a fair balance — please note this doesn’t always mean the division is equal.

5. Poor financial habits

Watch out for recurring patterns of poor financial habits, such as impulsive spending, gambling, or consistently living beyond one’s means. These habits can lead to financial instability and jeopardize your shared financial future. Address these issues early and consider seeking professional help if necessary.

6. Different financial values and priorities

Differing financial values and priorities can create significant tension in a relationship. It’s essential to discuss and understand each other’s views on money, including saving, investing, and spending. If your partner’s financial values are fundamentally different from yours, it may require compromise and open communication to find common ground. For example a lavish annual holiday/ experiences might be a priority for you, whereas your partner may prioritise changes in your home/car or investing. This needs to be discussed.

7. Lack of financial responsibility

Financial responsibility goes beyond simply paying bills on time. It also includes maintaining good credit, saving for emergencies, and having a plan for the future. If your partner consistently neglects these responsibilities, it can lead to financial instability and put your shared financial well-being at risk.

8. Ignoring financial discussions

Avoiding financial conversations altogether is a major red flag. Healthy couples should be able to discuss money matters openly and honestly. If your partner consistently dodges financial discussions or becomes defensive when money is brought up, it can indicate deeper issues that need to be addressed.

9. Dependence on others

A partner who relies on others, such as family members or previous partners, to bail them out financially can be a cause for concern. While support from loved ones is natural in times of need, a pattern of dependence can strain your relationship and indicate a lack of financial independence.

10. Failure to plan for emergencies or the future

Life is unpredictable, and financial emergencies can happen to anyone. If your partner fails to plan for unexpected expenses, emergencies or death, it can lead to financial instability and stress. A lack of an emergency fund or insurance coverage can put both of you in a vulnerable position.

Remember, financial red flags in a relationship should not be ignored. While love is undoubtedly essential in any partnership, financial compatibility is equally crucial for long-term success. Open and honest communication about money, financial goals, and values can help you and your partner navigate potential issues and build a strong foundation for a secure and harmonious future together. Remember, addressing financial concerns early can prevent larger problems down the road and ultimately lead to a healthier, more prosperous relationship.

Rich Forever: What They Didn’t Teach You about Money, Finance & Investments in School (£14.99) by Bianca Miller-Cole and Dr. Byron Cole is published out now, published by John Murray One.