When relationships start, the spark and connection can make them seem perfect. No matter what your partner does, you don’t mind because you’re so smitten. Bankruptcy? Foreclosure? Credit card fraud? Who cares? You’re in love. Everything is wonderful.
The one glaring flaw you’re refusing to see is your new love is terrible with money. You’re the frugal one with a solid financial plan in place, but your significant other can’t seem to hold on to a paycheck longer than a couple of days. Is your romantic future doomed? Unfortunately, if your partner has poor financial management skills, you’re going to have a tough time. Here’s why you shouldn’t date someone who is bad with money.
1. You’ll fight a lot
If you don’t like to argue, don’t date someone who is terrible with money. More often than not, money trouble leads to friction. At some point in your relationship, you’re bound to have a fight about finances. In a survey conducted by SunTrust Bank, 44% of respondents between the ages of 44 and 54 said money was the primary cause of stress in their relationships. And roughly 47% of all respondents said they and their partners don’t have the same spending habits.
Next: Headed for divorce court?