Reg flags: Financial planning in couples

A major red flag is when the spending habits of partners vastly differ. If one is very frugal and the other loves to spend money, it can complicate things

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If partners are both spendthrifts, then effective planning and execution of a budget could be challenging as each may need help to adhere to a cohesive plan

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Further, sometimes, if socioeconomic backgrounds are vastly different, they influence partners’ spending habits and make it harder to bridge the gaps

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Another major red flag is one of the partners does not have financial independence and their finances are largely controlled by the family

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A partner not being open about their finances, debts, loans, salary etc. and being unavailable to have conversations about finance is also a red flag

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