Signs of careless spending habits in your date: Is it a beige flag?

Love is grand, but money woes? Not so much. While giant red flags like gambling addictions are easy to spot, there are subtler financial quirks that can sneak up on you and may cause issues down the line. They may not immediately stand out as odd, but you should still take notice. We’re talking ‘beige flags’, those tiny caution signs that say, “Hey, maybe talk about this before things get serious.”

Think of your partner’s money habits like a first date. Sure, someone who is rude to the waiter might be a red flag, but what about someone who keeps mysteriously changing the subject whenever money comes up? Or the one who spends above his or her budget every month? Those are the beige flags we’re here to dissect.

According to a survey¹ done by Coffee Meets Bagel in partnership with FWD Singapore, financial responsibility is the top aspect people look into when they are getting into a serious relationship. Finding someone who shares similar financial values as you are important for a harmonious and fulfilling relationship.

Spotting the beige flags

While we know you can be ‘catching feels’ for someone during your many dates together, here are some of the signs you need to take note of when it comes to financial beige flags.

Silent about money talks

They become tight-lipped when the conversation shifts to financial topics such as spending habits and financial goals, treating discussions on money as if they are taboo. This silence can keep you in the dark about their perspectives and practices about managing money.

His/her finance is a mystery

We know that discussing money on a date can be a touchy matter. But if they remain persistently hesitant to share details even after a few dates, it could be a matter of concern – especially if you are envisioning a long-term relationship together. Their financial situation remains a mystery, leaving you uncertain about their financial commitments.

Frequent overspending or impulse spending

If your partner frequently overspends beyond their means, it may be a sign of a beige flag. This may indicate potential financial stress or a sign that their values or goals are different from your own. A similar beige flag behaviour is when they make large purchases on a whim.

Can’t save money

If they’re always hesitant to save and end up spending their entire paycheck, it’s a beige flag for not-so-great money habits. It may be time to pay closer attention to how they manage money.

Extreme frugality

While being frugal could be seen as a positive trait, it may be a beige flag if they take frugality too far by skipping meals and never spending on themselves. Sure, eating one less meal every day could be economical, but if they’re skipping meals even when you’re hungry, that’s not the right way to be frugal. In the long run, they’re causing more damage to your body that could potentially cost them more. Furthermore, spending moderately to keep yourself looking clean and neat would leave a good impression on everyone they meet.

One-sided spending

If your partner expects you to cover most expenses, even early in the relationship, this may create an unequal financial dynamic that can lead to resentment and power imbalances down the line.

Noticing beige flags and talking it out

Seeing some beige flags in your partner? Don’t ask for a break-up immediately. A lot of times, things can change with a little bit of help.

Have a conversation

Have an open and honest conversation about money. Share your values, expectations, and listen to theirs too. Don’t judge, just understand.

Be their financial cheerleader

Struggling with budgeting? Offer your support and help them develop healthy habits. Building financial security together is way better than going solo.

Dealbreakers are real

Remember, some beige flags might become dealbreakers depending on your priorities. Be honest with yourself and your partner about what you can and can’t handle.

Be careful of these financial red flags in love

While beige flags are subtle, here are some clear financial red flags in relationships to watch out for:

• Excessive debt: Your partner has a significant amount of debt that they’re not actively working to pay off.
• Secret accounts or spending: Your partner hides their financial activities or refuses to share information about their accounts.
• History of financial irresponsibility: Your partner has a history of bad financial decisions, such as bankruptcy or repossessions.
• Unrealistic financial promises: Your partner makes promises about money they can’t keep. For example, saying how they will start a financial plan but never follow through.

Remember, love and money can go hand-in-hand. By recognising and addressing financial quirks early on, you can build a solid foundation for a happy, financially secure future with your partner.

Planning on going long-term with your partner? it’s time to start thinking of life insurance as one aspect of financial planning to achieve with your partner.

FWD Term Life Plus insurance provides 100% lump sum cash payout in the event of death or terminal illness, so that you can continue to provide for your loved ones even when you are no longer around. With premiums starting at just S$3/month², your spouse is eligible for a complimentary insurance policy of up to S$250,000 without any underwriting for one year in the event of your death or terminal illness.