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You and your partner have a fantastic relationship. You both have a good job and earn more than Jan and Jannie Average. Financially speaking, you should not have to worry about the future. But you do. There is something strange going on. You are in the red on your joint account every month.
When you examine bank statements, you don’t see anything special at first glance. Both you and your partner pay sufficient amounts into the joint account every month, pro rata, as agreed. Since this is not the problem, next you look at the depreciation. And that surprises you, because your partner not only withdraws amounts from the joint account every day. You also see that amounts are regularly transferred to your partner’s private account without your permission. That’s why you wonder: is my partner financially irresponsible?
What is financial irresponsibility?
Financial irresponsibility means that someone does not manage their money wisely. This is the case, for example, when people spend more than they can, get into debt, keep expenses secret from their partner and spend money intended for other purposes. These are situations in which people do not take their financial responsibility seriously. Seeing these things happening in your own relationship can put enormous strain on the relationship.
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12 signs of financial irresponsibility in a relationship
Financial irresponsibility in a relationship is a sensitive topic, but it is something that many people struggle with. It can put a serious strain on a relationship and cause problems if not addressed.
Whether you’re new to a relationship or have been with the same partner for ten years, it’s important to recognize the signs of financial irresponsibility and do something about it before it’s too late. These are twelve signs of financial irresponsibility in a relationship that you need to know:
1. Keeping finances confidential
If your partner makes a secret of personal spending, this could be a red flag. It could mean that something is wrong with the financial situation or that something is being concealed in this area.
2. Spending too much
Spending more than possible is also a sign of financial irresponsibility. If your partner continually spends too much money on luxury items, this could be an indication of financial problems.
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3. Avoiding questions about finances
Your partner avoids answering questions about finances ? This is also a red flag. Some people avoid questions about their finances because they know they are not managing their money wisely.
4. Wrong investments
While the washing machine needs to be replaced, your partner chooses to buy the new PlayStation console first. When someone continually makes the wrong financial investments, they are likely to be behaving financially irresponsibly.
5. Recurring payment problems
If your partner receives regular payment reminders and may even have to borrow money to pay bills, this is a clear sign that something is wrong with their finances. The problem with debt is that it can only grow if it is not paid on time.
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6. Expenditure outside the joint budget
If you have set a budget together, and your partner continues to spend money outside of this budget, this is a clear sign of financial irresponsibility.
7. Having no savings
Another telltale sign that something is wrong with your partner’s finances is if they have no savings. Someone who is in a financially healthy position sets aside some money for unexpected expenses or as a backup in case something goes wrong. If you don’t have savings, you’re probably spending more than you earn.
8. Going into debt without permission
If your partner secretly goes into debt without your permission or notice, this is also a clear sign of financial irresponsibility. It crosses all boundaries of a relationship and is even considered financial cheating . This can lead to serious problems – including for you – if you do not intervene quickly.
9. Secret bank accounts or credit cards
Has your partner secretly created a bank account? Or applied for a credit card without your knowledge? These are also clear signs of financial irresponsibility.
10. Making unnecessary expenses
If your partner keeps spending money on things that aren’t necessary, such as games or gambling, this could also be a sign of financial irresponsibility.
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11. Lack of accountability
Is your partner unwilling or unable to take accountability for their expenses? Then that is also a sign of financial irresponsibility.
12. Constant discussions about money
Constantly having arguments about money can also be a sign of financial irresponsibility. This is, for example, the case if you want to save for a future as a family, while your partner blows through all the money.
It is important that you are aware of the signs of financial irresponsibility in a relationship. Financial irresponsibility can lead to problems in a relationship and it is therefore essential to do something about it in time.
If you recognize these signs, you should seriously consider talking to your partner and doing something together to get your finances in order. Or you may even need to consider ending the relationship if the situation becomes untenable. Either way, be alert to the signs of financial irresponsibility in a relationship and deal with it as soon as possible.
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