Since Valentine's Day is approaching, I'm wondering what dealbreakers everyone has involving love and money. What financial red flags do you look out for in a partner?
I get tons of letters involving some very big dealbreakers. Some common ones include one person refusing to work (even though two incomes are needed), secret spending, gambling problems, and refusing to deal with mounting debt.
But here's a letter I got last year where I actually don't see any big dealbreakers, and I'm curious to hear what you all think: https://www.thepennyhoarder.co...-cant-afford-travel/
The letter writer is a widow who met a slightly older man. They've both raised families and share many of the same interests. She's much better off financially than he is. He doesn't have much money, but he also lives frugally.
The problem was that they wanted to travel, but he didn't have the means to travel at the level she could afford. She didn't want to travel on the cheap, but she didn't want to pay his share. It didn't sound like he was asking her for anything. He could afford his lifestyle just fine. He just couldn't afford her lifestyle.
Having different budgets and lifestyles isn't a red flag to me. It sounds like she really enjoys this gentleman's company, so I think it's worth trying to make this work, even if it means she has to pay more than half when they travel together. What do you think: Would you try to make this relationship work?
My big financial dealbreakers are refusing to talk about money and overspending to the point that you can't make progress on your goals (like saving for retirement or paying off debt). What are your financial dealbreakers?