When we started Bitches Get Riches, we thought we’d be writing mostly about paying off student loans and building credit scores. And to be fair, we’ve done a lot of that! But more and more we find ourselves coming for Dear Prudence’s job. Because it turns out handling finances within a romantic relationship is hella complicated! And sometimes we get a question about financial transparency among partners that does us a concern.
Like this one:
Hey bitches! I know personal finance is personal, but if your significant other is being cagey about their finances even after you’ve been together for years and want to move in together/get married, is this a red flag? I don’t expect them to disclose all their spending habits or whatever, because yeah, personal finance is personal. But I feel like it’s reasonable to want to know what their income is and how much debt they have, especially if they know those things about you and you’re planning on a life together. Those things affect the rent you can afford and all sorts of stuff. But they act like I’m unreasonable and invasive for wanting to know, which makes me wary.Anonymous Rex
You’re right to be wary. And you’re definitely not being unreasonable. Let’s unpack this suitcase of red flags.Read More