Financial Red Flags In Relationships Can Be Tough — Here's How To Navigate Them

couple dealing with financial red flags

Your first meet-cute with that sexy someone has the tendency to stay on your mind — especially if their romantic date ideas wowed you on Valentine's Day, or your astrological compatibility is off the charts. You may be so smitten with them that all you can see are their green flags,and it's hard not to during the early stages of the honeymoon phase. But once things get a little more serious, have you ever stopped to take stock of their money habits?

While we all have our relationship dealbreakers, Emily Irwin, Managing Director and Senior Director of Advice at Wells Fargo, knows that romantic financial red flags don't go away just because we want them to. While it would make things easier if you immediately connect with your financial soulmate, she has a few tips for how to spot alarming signs, navigate them, or decide it's time to end a relationship.

Why is money such a big issue in relationships?

Photo by Mikhail Nilov / PEXELS

Let's address the pretty pink elephant in the room — talking about money is hard for some of us, and it has everything to do with our mentality. Irwin says, "The psychological aspect — pride, guilt, regret, etc. — is what impedes having a practical conversation about it. It serves as a barrier for couples."

She also shared that, through research, Wells Fargo has conducted surveys that show customers would rather talk about everything else BEFORE having a conversation about money. "Part of it ties back to money and financial habits being a snapshot of how someone chooses to spend or save money" says Irwin.

What are some financial red flags to look out for?

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This can vary based on the person which is why Irwin suggests making observations about whoever you're dating. For example, if you didn't plan your date, Irwin suggests looking at where your date proposes the two of you go. If you're at a restaurant, Irwin says to be mindful of how your date treats those in the service industry. "Do they spend a lot, but skimp on the tip? Are they stingy with how much they spend on their meal, but tip generously based on their budget? These are questions to ask yourself," says Irwin.

If you're at a point where you're a few dates in, it's okay to start asking them more personal questions. "You can start by asking about their educational and career goals, history with money, and how they feel about certain decisions they've made. By learning about their characteristics, you can see how their financial habits manifests," says Irwin.

That being said, if you notice that your S.O. is willing to bet your entire rent money on something like the Super Bowl — that's a huge red flag. It shows a lack of concern for both of your wellbeing and can indicate they're willing to be careless in order for a "what if" moment.

Irwin also says, "Should money be used as a power play in your relationship, this can snowball into, 'I make the most money so I'm the one making the decisions.' This is a major financial red flag to look out for." And if this behavior isolates you from your family and friends because of income disparity, Irwin wants you to really reconsider why you're in it.

Photo by Mikhail Nilov / PEXELS

Even if you're well past the dating stage and are in a serious relationship or marriage, financial red flags aren't a one-time thing. "They can actually ebb and flow. Some people have financial secrecy due to their income, spending history, good or bad investments. If you or your S.O. experiences a flux in finances, this can cause you to go inward and not open up about what's going on," says Irwin.

There's also the scenario of realizing that your S.O. may be willing to take on more debt than you expected. "Having an understanding of why someone is making the financial decisions they are helps a lot," says Irwin.

What if I recognize I'm the one with financial red flags instead of the person I'm dating?

Photo by Thirdman / PEXELS

I want to let you in on a little secret — we're all capable of red flags because nobody's perfect! It doesn't mean that you're a terrible person if your relationship with money isn't the most stable. Irwin says, "The majority of people rely on family for financial advice because that's what's familiar, but it doesn't always mean you're getting the most solid advice. Having a S.O. who does has financial stability and is willing to listen while you're being honest about your history with money can help you make better choices."

From there, the two of you can see how you can work together so that both of your choices is beneficial in the long run. "I'll be honest — there's really not a 'right' way to merge finances. It's a subjective decision that varies from couple to couple," says Irwin.

Are financial red flags dealbreakers or something that can be navigated?

Photo by Ketut Subiyanto / PEXELS

There isn't a simple answer to this besides understanding what you will or won't tolerate in a relationship. Irwin says, "Start by asking yourself, 'Can I reconcile this? Can we work through this,' before making any major decisions."

In her personal experience, Irwins says that she and her husband had different financial upbringings, so they've had to reconcile those differences. "We still have to work to understand each other and have respectful conversations to see how big of a deal a money situation is. Honestly though, I still believe love is in the air and that most couples can work through financial red flags," she says.

How do you handle your finances with your partner? Let us know in the comments!

Lead image viaThirdman / PEXELS

It can be tricky to navigate seasons of life where money is tight and the cost of living is high. You want to make sure you aren't wasteful with what you have, but you also want to have some fun. Getting on top of your finances requires more than just checking your balance at the end of the month, and that's why we talked to cool girl and self-proclaimed "Financial Popstar" Haley Sacks (AKA Mrs. Dow Jones).

These money tips will make saving money more fun, and help you better understand the world of finance so that you can achieve your own "Financial Glow Up." Here's how you can start saving money for your dream life today.


Image via Adrien Pellerin

Contrary to what you might have been taught, you don't have to entirely cut fun things out of your life in order to save money. Doing so might actually have the opposite effect: you could burn out and spend way more than you would have if you simply added spending into your budgeted.

"If it’s a splurge that you’re obsessed with and will up your quality of life — then let’s figure out how much it costs and how you’re going to pay for it," Sacks says. She recommends the 50-30-20 method for your budget.

"Start by calculating your after-tax income and break it into 3 categories: 50% for needs, 30% for wants, and 20% for future you!" she continues. "That 30% number is what we are going to focus on. That’s the amount you can spend every month on…whatever you want. This splurge included! Just make sure you don’t go over that number because you should never spend on your current self if you’re not also putting money away for future you."

Saving Up For Your Financial Goals

Budgeting helps you divide up your savings before the money goes into your account. That way, you always know what you're saving for. (It's also a good idea to have extra savings because you never know when your car will need a new battery or if you'll have an unexpected trip to the ER).

Saving requires some self-control since it's money you aren't able to spend right now, and it can be difficult to release your current spending habits. "[That stubbornness] really just comes from a fear of the unknown," Sacks says. "We often choose what is comfortable over what’s new! But the more you understand why you’re doing something, the more that stubbornness can be released." Here are some specific financial goals to save up for:

Goal: Becoming Debt-Free

Think how much more money you'll have to save *and* spend once your debt is paid off! Check out the snowball method vs. the avalanche method to figure out what's best for you, and just take it one day at a time.

Goal: Taking A Bucket-List Trip

Whether you've been dreaming of going to France since Emily in Paris dropped or you want to go on a solo trip to your favorite small town, you'll definitely want enough cash to have a good time. You can't go wrong spending money on an experience you'll love.

Goal: Scoring Tix To See Your Favorite Performer

Concert merch, movie tickets, name brand collections — start saving now for these once-in-a-lifetime events and your future self will thank you.

How To Start Investing

Investing is different than a regular savings account. When you invest your money, instead of just sitting in an account, it's put to work in a variety of projects so that you make a net profit and end up with more money than you had before. You can invest with a retirement plan, or government-related options like stocks and bonds. Here's some more investing info to get you started.

Consider getting a financial advisor early in life. Financial advisors can really make a difference in your long-term goals, whether you want to buy a home, start a family, or retire well. Make sure you find a certified financial advisor who is a fiduciary, which means they are legally or ethically bound to act in your best interest. They can help you figure out where to invest your 401Ks and really help you invest and build your savings over time.

How To Become Financially Literate + Financially Independent

Financial independence can feel like a crazy goal when you're in the throes of debt and bills. But there's one thing that can help you move toward it: financial literacy. After all, knowledge is power.

"The more that you take control of your finances, the more you take control of your life and destiny," Sacks says. "Financial literacy also ensures you never get taken advantage of and that you’re maximizing the benefits of all the financial products you use."

Everyone has a different financial situation, which means that everyone has to make different financial choices. Taking a step toward financial independence can mean anything from reexamining your grocery bill to creating streams of passive income that make you money while you sleep (more on that later).

All in all, financial literacy and financial independence can go hand-in-hand. Check out the 5 Tax Terms That Can Save You Money, or these 6 Money Tips For Kids. It's never too early to learn!

How To Make Saving Money Less Boring

You might be thinking, "Saving money just doesn't sound fun," and technically you're right. Saving might not feel fun on its own, which is exactly why we're here! Pinterest Predict's Cha-Ching Challenge got us thinking about ways that we can turn saving into a game. Try one or all of these ideas, and let us know your favorite.

Make Learning Fun

If you want to learn more about finances, find a program that puts the terminology into your language, like Sacks' own aspirational finance media company, Finance Is Cool. "It makes being good with your money chic," she says. "I designed it with the goal of helping the future rich people who follow me take control of their finances step-by-step and provide them with the tools they need to grow wealth, all with a little humor and a lot of Kardashian references so we can have fun while we learn."

Maximize Your Card

If you have a credit card, or a debit card with benefits, use the points and rewards to your advantage. Sacks loves the Amex Rewards Checking account. "I earn Membership Rewards points on eligible Debit Card purchases that I can use on shopping, traveling, and more," she says.

Set up an automated deposit into your checking account when the rewards reach a certain number, or save up all your points for a dream-worthy trip during the summer. You can also check out Brit's interview with The Points Guy for more inspo.

Make Money In Your Sleep

Create one (or more) streams of passive income to bolster your paycheck. You can create downloadable guides and video tutorials, sell photography, or add affiliate links to blog posts, but the beauty of passive income is that whatever you choose will do the work for you.

Have Regular Money Dates

A money date can be carving out time for yourself (or with your partner) to create a comfortable space and review your priorities, values, and overall financial goals and hopefully actually set a plan in motion to achieve those. Take yourself out to a cafe or have a glass of wine by your side to make it fun while feeling good about where you're going. Good luck!

With so much information at our finger tips, it's never been easier to take control of your finances. Check out our email newsletter for more money tips and tricks to help you have your own financial glow up.

Lead image courtesy of Pexels/Karolina Grabowska.

This edible crescent-roll cornucopia is our way of making a normal cheese boardmore festive — and definitely more fun — during the holiday season. Our go-to this time of year is a massive cheese plate that can stand alone and be the main attraction, or the starter for a larger meal. Press on for the surprisingly easy steps to braid a breaded cornucopia.

Chris Andre

Materials + Tools:

  • 1 roll of tin foil
  • 2 packages of crescent rolls
  • 1 egg (for egg wash before cornucopia goes into the oven), optional

Chris Andre

Instructions:

Start by sculpting tin foil into the shape of a cornucopia (it looks like a cone with an upturned tail). Pro tip: Lightly pack tin foil so it's easier to remove later from your baked cornucopia. Crescent rolls should be buttery enough that this shouldn't be difficult.

Chris Andre

Your tin foil mold should look a little something like this.

Chris Andre

Pop open the crescent rolls and cut the triangles into strips. Pinch together the ends of strips to make strips longer.

Chris Andre

Braid crescent roll strips. You can make these as fancy as you want. Not a braiding pro? Skip this step and leave those strips alone.

Chris Andre

Wrap tin foil cornucopia with braids/strips. Make sure you cover all the tin foil. Leave a little wiggle room at the opening of the cornucopia, so that when you’re done baking you can pull some of that tin foil out.

Chris Andre

Use any extra dough to cover the bottom of your cornucopia. Pinch the sides and anchor those braids/strips in.

Chris Andre

Brush on egg wash before placing your cornucopia in the oven. Bake at 350 degrees Fahrenheit for 20 minutes. Take out of oven and cover spots of cornucopia that are already golden brown with extra tin foil. Bake for another 20 minutes at 250 degrees Fahrenheit.

Chris Andre

Let it cool down until it’s easy to handle. Remove tin foil.

Chris Andre

Place cornucopia in corner of your cheese plate. Arrange cheese on your serving tray.

Chris Andre

Add crackers — we like to have two or three options.

Chris Andre

Don’t forget to fill up your cornucopia. It's called "the horn of plenty" for a reason. Fill with fresh fruit like grapes, apples, and pears.

Chris Andre

Add nuts like walnuts and pistachios to fill in any empty spaces. Garnish with fresh herbs like rosemary and sage to finish it off.

Chris Andre

Voilà! Invite over your friends, open a bottle of wine, and dig in!

Chris Andre

A cornucopia cheese board will become your new favorite holiday tradition.

Show us your crescent-roll cornucopias on Instagram and check out our baking classes (and our Easy Thanksgiving Desserts piece) for more holiday food inspo!

DIY Production and Styling: Paris Fried

Paris Fried: Paris loves any excuse to celebrate and throw a themed party. She loves experimenting in the kitchen and has a terrible sweet tooth. When she's not crafting in her studio, she's at the farmers' market buying seasonal produce or at her favorite local theater watching double features.

This post has been updated.

We've all been there — your wallet finally recovered post-holidays in the first quarter of the year, only for you to slowly creep into over-spend mode yet again as summer fun takes over. Those ebbs and flows are totally normal, but sometimes it just means you have to pause and take a moment for a little mid-year financial reset so you don't totally lose sight of your goals.

Tori Dunlap, author of NYT bestseller Financial Feminist and the money expert behind @herfirst100k, has some helpful tips if you're trying to get back on financial track. Instead of cutting off fun cold turkey, here's how you can take stock of what you have, readjust your goals, and still spend on the fun stuff while also putting your best financial foot forward. Here are three questions Dunlap wants you to ask during your mid-year financial reset to accomplish this!

Photo by Karolina Kaboompics

1. Were my financial goals reasonable?

Dunlap suggests that chances are...they weren't. Saving a million dollars in a month probably isn't realistic, and sometimes saving one hundred dollars in a month isn't either. It all depends on your circumstances — what you're bringing in (income) and what's going out (bills, cost of living, etc). Take note of what you're working with so you can adjust accordingly.

Photo by Joslyn Pickens

2. How do I need to optimize to be able to achieve those goals?

Sometimes you can make simple changes in your spending, but other times you may need to re-evaluate your money goals a little bit. Dunlap suggests asking, "What is the new goal that I need to set that is actually achievable?"

Sit down with your expenditures, actually find out what's left over from paycheck to paycheck after you pay your bills, and set your goals from there. Once you approach money in a way that makes sense for you, you're more likely to follow the plan.

Photo by Marcus Aurelius

3. What plan am I actually gonna do to achieve those goals?

Dunlap is adamant that "a goal without a plan is just a wish." And she's right! We can hope and dream for the million dollar savings account all we want, but if we want to make that happen, then we need to kick it into high gear with some action. Not just any action either — intentional, well-thought out choices that you can put in motion with the plan you set for yourself. This could include, but isn't limited to:

  1. Knowing what you're saving for — vacation, wedding, house, retirement, etc — and putting a name to it.
  2. Automating your savings by having a specific amount of your paycheck deposited right into your savings account.
  3. Setting a "going out budget" so you can still enjoy rooftop cocktails and other fun with your friends within reason and without overspending.

Looking for more money advice? Be sure to follow the conversation on Instagram!

Header image via Karolina Kaboompics

Though Black Friday is traditionally the official start of the holiday shopping season, we argue that it’s been kicking since mid-October. We know, we know: it still feels extremely early to start thinking about the holidays, but they’ll be here before you know it! Plus, many brands and retailers are already promoting their holiday goodies with plenty of sales and discounts available right now.

If you’re ready to embark on your holiday shopping journey, but still need answers to questions like ‘when’s the best time to shop?’ and ‘where should I shop for gifts?’ and even ‘how the heck do I save money this season?’, you’ve come to the right place. Consider this your go-to guide for holiday shopping in 2024.

Scroll on for our best guidance on navigating this busy time of year and finding the best gifts possible!

When's the best time to do holiday shopping?

Kaboompics / PEXELS

The best time to do holiday shopping really all depends on your personal shopping goals. Do you want to get a jump on items you know will sell out soon? Do you want to save the most money possible? Do you want to focus on handmade, personalized gifts? These factors will undoubtedly influence your holiday shopping schedule.

Cottonbro Studio / PEXELS

Shopping early can be advantageous for all of the aforementioned goals. A lot of retailers start promoting their holiday products early on, giving you ample time to snatch up that limited-time lip kit or fancy water bottle you’ve been eyeing way before the holidays.

Plus, some of the best deals for holiday shopping happen ahead of Black Friday and Cyber Monday – in 2023, Experian observed a surge in early spending in October, thanks to early discounts, a trend likely to continue in 2024.

Finally, shopping early can be especially helpful if your plan is to focus on handmade or personalized gifts, giving the artisan you buy from (or yourself, if you’re DIY-ing your gifts) plenty of time to craft the item with love and care.

Gallup reported in 2023 that one in four shoppers start shopping as early as September, a trend likely to continue in 2024 – so you might already be embarking on your shopping spree!

Mikhail Nilov / PEXELS

If right now is just still too darn early for you to start holiday shopping, Black Friday and Cyber Monday are some of the best times to shop since so many retailers offer their largest discounts of the entire year. Plus, the late November-early December timeline can feel a bit more appropriate for the gifting season opposed to late October-early November, when everyone’s still recovering from Halloween.

The only thing to consider during this time is the shipping timelines for the items you purchase – but most retailers will typically advise their specific shipping schedules, so you don’t risk your goodies arriving late.

Where should I shop for gifts?

Ron Lach / PEXELS

You have three main options when it comes to where to shop for holiday gifts: online, in-store, and via our amazing gift guides. Of course, each method has its advantages and disadvantages.

Shopping in-store offers a tangible experience: the opportunity to hold specific items in your hands and gauge exactly what they’ll be like when you give them as a gift. The pitfall with shopping in-person is that it typically requires a commute and journeys through potentially very busy malls and shopping strips, which can add to the already-stressful holiday experience.

In-store shopping can be more physically exhausting, but it’s all about preference! Sometimes strolling through the stores that get all dolled up for Christmas is the best part of the season.

Andrea Piacquadio / PEXELS

Per Google, 65% of those planning to shop for the holidays say they will shop online more. Shopping for gifts online can be super helpful since you can centralize your findings in your browser’s bookmark tab or via virtual cart(s). Plus, shopping online can pose more opportunities for saving some money: lots of retailers typically offer discount codes for online users, especially if you sign up for their digital marketing channels (like email and text) and make a purchase.

Shopping online isn’t just shopping, either. The internet can be a stellar research tool to help you vet whether certain products are worth it, where they can be bought, and when they’ll be available. In fact, Google reported that more than half of U.S. holiday shoppers who went into a store last year say they looked up product reviews online and/or located an item in-store by checking it online.

Kaboompics / PEXELS

Last but not least, scrolling gift guides has to be our favorite place to shop for gifts – and not just because we write and publish them.

At their very core, gift guides help streamline the holiday shopping process, alleviating the stress that bubbles up when you’re wondering what the heck to shop for in the first place. Our gift guides are backed by real people, real experiences, and real opinions from our editorial team. We only promote products that we really love and believe in, oftentimes ones we’ve tested and reviewed ourselves.

We have gift guides for just about everyone on your list, with more on the way! Check ‘em out:

What are the best kinds of gifts to give?

Kaboompics / PEXELS

The best kinds of gifts to give are thoughtful gifts that consider the giftee’s interests, wants, and needs. These gifts can be sentimental, practical, or both simultaneously. What matters most in a gift is that it’ll be meaningful to them past just the holiday season, whether it’s helping them get through daily tasks, reminding them of a memorable trip or event, or giving them small doses of joy.

“Shoppers are increasingly looking for personalized and unique gifts that reflect the recipient's personality and interests,” says Mia Anderson, Owner of ChicSew. “With the rise of online shopping, many consumers are opting for curated gift boxes or experiences that add a special touch.”

Cottonbro Studio / PEXELS

Gift boxes, personalized items, books of interest, self-care goodies, and even gift cards can all be thoughtful gifts depending on the recipient. If you have no clue what your giftee is into, it’s not a bad idea to ask them what they want the most!

“My idea of a great gift is something that is in tandem with the recipient's interest and offers something new to the person, be it learning a new skill, enjoying a calming activity, or simply spending quality time with the family,” says Alfred Christ, Sales Manager & Marketer at Robotime. “This season, we encourage shoppers to shift their focus on quality and the memories their gifts will create and not just merely material aspects.”

When is Black Friday?

Sora Shimazaki / PEXELS

Black Friday is always the Friday after Thanksgiving. This year, Black Friday lands on November 29.

When is Cyber Monday?

Kindel Media / PEXELS

Cyber Monday is typcally the Monday after Thanksgiving. This year, Cyber Monday will land on December 2. Oftentimes, retailers and brands extend their online offers through the week (coined Cyber Week) after the event. Salesforce reported that 67% of shoppers in 2024 plan on shopping during Cyber Week!

Subscribe to our newsletter to stay up-to-date on our best 2024 gift guides, shopping advice, and all things holiday!

The holidays at Starbucks are creeping up on us, people! Peppermint Mocha season will return on November 7. If you’re a die-hard Starbucks fan, you know Red Cup Day is a whole holiday in itself – the frenzy for a free reusable cup is truly no joke. There’s even an entire website dedicated to counting down the madness! Even though there’s no official word on when Red Cup Day 2024 will be, there are several clues that cue us into the annual event. Scroll on for details!

What is Red Cup Day?

Starbucks

Red Cup Day is Starbucks’ highly-awaited annual event that marks the start of holiday beverage season at the coffee chain. For one day only (and while supplies last), customers who order any of Starbucks’ holiday drinks will receive a reusable red cup that features a bespoke design for the respective year.

Starbucks

Here’s a list of all the drinks rumored to be available on the Starbucks holiday menu starting November 7:

  • Peppermint Mocha
  • Peppermint White Chocolate Mocha
  • Caramel Brûlée Latte
  • Sugar Cookie Almondmilk Latte
  • Chestnut Praline Latte
  • Salted Pecan Crunch Cold Brew
  • Iced Gingerbread Oatmilk Chai

What do the red cups look like for 2024?

Starbucks

Starbucks hasn’t officially announced when Red Cup Day will be for 2024, let alone what the famed red cups will look like this go-around. The one obvious point is that the cups will be red! They’ll also likely feature some festive motifs that echo the holiday season. Last year’s red cups boasted playful white and green stars and ornament-like shapes.

Why should I participate in Red Cup Day?

Starbucks

Red Cup Day = freebies, which can feel really rewarding if you’re really into receiving free goodies. Plus, it’s just a fun way to lean into the holiday spirit. The red reusable cup keeps giving beyond Red Cup Day, though! Every time you use the reusable cup for future Starbucks orders, you get a 10-cent discount as well as 25 bonus stars toward your Starbucks Rewards account to save up for more discounts on drinks, food, and merchandise.

When is Starbucks' Red Cup Day 2024?

Starbucks

Again, Starbucks hasn’t alerted us on when Red Cup Day will be for 2024, but based on previous Red Cup Days, we can infer it’ll land on the third Thursday of November. In 2022, Red Cup Day happened on November 17, and for 2023, it was November 16. The third Thursday of November in 2024 hits on November 21, so mark your calendars, everyone!

Additionally, check back here for official info as Red Cup Day approaches.

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This post has been updated.