As most North Carolina readers are probably aware; Money, sex and work are the top three issues that lead to marital problems. Research from the National Marriage Project shows that money issues are some of the most likely predictors of divorce. Unmarried readers may be wondering how to avoid such problems before getting any further into a new relationship.
There are several red flags that could predict future problems. The first is major credit card debt that your potential future partner isn't doing anything about. Even though circumstances can easily cause financial difficulty, the failure to do something about it is a major red flag.
That being said, if your partner is frequently out of a job it could mean he or she has a problem with authority or lacks responsibility. Anyone can lose a job, but if it's a frequent pattern it could signal a more serious problem.
Another red flag is a past bankruptcy or foreclosure which could affect your financial future together and your ability to get a loan for a car or a home. It's important to look at the reason for a bankruptcy. Was it because of a string of medical bills after an illness? Or was it because of unnecessary spending on frivolous items?
Lastly, if your partner doesn't want to get married his or her fear of commitment could affect you financially. Married couples provide a built-in insurance for one another against illness or job loss. Plus, married couples generally save and invest more for the future than single people. As it turns out, it pays to commit, as long as you've addressed any red flags before making the leap.
Source: LEARNVEST, "8 Financial Red Flags in a Relationship," Carrie Sloan, May 18, 2012
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