No Credit Check :: Articles

Love and Money: 5 Costly Mistakes You Should Avoid During Financial Stress

What romantic money mistakes should you avoid during financial stress?

Love and Money: 5 Costly Mistakes You Should Avoid During Financial Stress

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Love can make you do silly things, and when financial pressures bite, it can be tempting to make some desperate decisions. Recent research from Finder has revealed some of the most common romantic mistakes people make during a cost-of-living crisis. Here are five of the worst, along with some tips to help you avoid them.
  1. Lying to Your Partner About Spending

According to Finder's money expert, Sarah Megginson, 9% of us have lied to our partner about our spending habits. While it's okay to splurge on the occasional night out, repeatedly concealing debt and purchases can erode trust and harm your relationship. It's essential to establish money rules and agreements that work for both partners.

  1. Concealing Your Debts

Lying about your debts is an even bigger mistake, as it makes it impossible to get your finances under control. Acknowledging your debt is the first step towards creating a realistic budget and setting yourself up for financial security.

  1. Borrowing Money From Your Partner

Begging your partner or ex for money to help cover costs might seem like a good idea, but it can have long-term consequences. If you're unable to repay the debt, it could damage your relationship and make future financial goals more challenging to achieve.

  1. Staying with Someone to Avoid Housing Costs

With housing costs skyrocketing, staying with a partner to save on rent or mortgage payments can be an attractive option. However, it's crucial to be honest about the situation and work on building up your savings, so you can eventually achieve financial independence.

  1. Restarting a Relationship to Cut Costs

Rekindling an old flame to save on living expenses might seem like a money-saver, but it can be a false economy. Couples health insurance, for example, isn't cheaper than individual coverage. If financial security is the only reason you're in the relationship, it's already on shaky ground, and you're better off relying on yourself.

In conclusion, financial security should always be your ultimate goal, and while a partner can help you achieve that, it's crucial to make sure you're not sacrificing your long-term financial health for short-term gains. By avoiding these costly mistakes, you can build a stable financial future and a strong, healthy relationship.

Published: Wednesday, 22nd Feb 2023
Author: Paige Estritori

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.


Finance Articles

Navigating Financial Uncertainty: Tips for Managing Money Worries
Navigating Financial Uncertainty: Tips for Managing Money Worries
Financial stress is a common issue that affects a large portion of individuals, often due to unexpected expenses, unemployment, or a high cost of living. It can lead to both mental and emotional strain, influencing one's quality of life and decision-making abilities. Credit scores, a critical measurement of financial health, are used by lenders to evaluate the risk of lending money. - read more
Are No-Credit-Check Loans Legal in Australia? Responsible Lending and Borrower Protections
Are No-Credit-Check Loans Legal in Australia? Responsible Lending and Borrower Protections
No-credit-check and bad-credit loans are not automatically illegal in Australia, but regulated consumer lenders generally still need to assess whether credit is suitable and affordable. This guide explains responsible lending, borrower protections, hardship rights and warning signs to check before applying. - read more
How to Create a Budget That Keeps Your Debt in Check
How to Create a Budget That Keeps Your Debt in Check
A clear budget can help you understand where your money goes, plan loan and credit card repayments, and reduce the risk of taking on more debt when expenses change. This guide explains practical budgeting steps, debt repayment methods and review habits that can support better day-to-day money management. - read more
Costs and Fees to Understand Before Taking a No-Credit-Check Loan
Costs and Fees to Understand Before Taking a No-Credit-Check Loan
Before applying for a no-credit-check or short-term loan, Australian borrowers should understand the total repayment cost, not just the amount borrowed. This guide explains common fees, interest, repayment frequency, loan terms and risk factors to compare. - read more
How to Improve Your Financial Health and Secure Loans Effortlessly
How to Improve Your Financial Health and Secure Loans Effortlessly
Financial health refers to the state of one's personal financial situation. It encompasses a variety of factors, such as income stability, expenses control, savings, investments, and debt management. - read more
Denied a Loan Due to Your Credit Score? What to Do Next
Denied a Loan Due to Your Credit Score? What to Do Next
Being declined for a loan because of your credit score can be frustrating, but it can also give you useful information. By reviewing the reason for the decision, checking your credit report and improving the factors lenders assess, you can be better prepared before considering another application. - read more
How No-Credit-Check Loan Assessments Work in Australia
How No-Credit-Check Loan Assessments Work in Australia
No-credit-check loans in Australia can be misunderstood. This guide explains what the term may mean, what lenders may still assess, and how to approach these loans with care. - read more
Debt Management Tips for Young Adults in Australia
Debt Management Tips for Young Adults in Australia
Managing debt early in adult life can make day-to-day money decisions easier and help build a more stable financial foundation. This guide explains practical ways to understand what you owe, create a workable budget, choose a repayment strategy, use credit carefully and know when to seek professional support. - read more
Understanding Soft Inquiries: How to Check Loan Options Without Affecting Your Credit Score
Understanding Soft Inquiries: How to Check Loan Options Without Affecting Your Credit Score
Soft inquiries are a type of credit check that does not impact your credit score. These checks occur when you or a company reviews your credit report as part of a background check, pre-approval process, or other non-lending purpose. - read more
How to Use Credit Cards Wisely to Enhance Your Credit Score
How to Use Credit Cards Wisely to Enhance Your Credit Score
Your credit score is more than just a number; it's a reflection of your financial health. Essentially, it’s a numerical expression that represents your creditworthiness. Lenders use this score to assess the level of risk involved in lending you money. - read more

Finance News

Why Cash-Flow Data Is Changing Loan Assessments
Why Cash-Flow Data Is Changing Loan Assessments
02 Sep 2026: Paige Estritori
Australian lending is continuing to shift towards faster, data-led assessment, with more providers using bank transaction history, income patterns and real-time affordability checks to understand whether a borrower can manage repayments. For people who have been knocked back by a mainstream bank, this is an important development because it can reduce the emphasis on a single credit score and place more weight on what is happening in the borrower’s finances today. - read more
Hardship Support Moves Higher on the Lending Watchlist
Hardship Support Moves Higher on the Lending Watchlist
26 Aug 2026: Paige Estritori
Australia’s credit sector is facing renewed pressure to treat financial hardship as a core borrower protection, not a back-office process. The latest lending market focus is on how quickly and fairly credit providers respond when customers say they are struggling, especially as household budgets remain stretched by rent, utilities, groceries and existing debt commitments. - read more
Buy Now Pay Later Rules Are Changing for Australian Borrowers
Buy Now Pay Later Rules Are Changing for Australian Borrowers
19 Aug 2026: Paige Estritori
Australia's buy now pay later sector is moving into a more regulated era, with providers being brought closer to the consumer credit framework that already applies to many personal loans and credit products. For borrowers, the practical message is simple: short-term convenience is being matched with stronger scrutiny around affordability, hardship support and responsible lending. Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check! - read more
Why Personal Loan Pricing Is Still Uneven for Australians
Why Personal Loan Pricing Is Still Uneven for Australians
12 Aug 2026: Paige Estritori
Recent personal loan market updates suggest Australian borrowers are seeing more competition in some parts of the lending market, but the benefits are not being shared evenly. Secured borrowers with stable income and strong repayment histories may find sharper advertised rates, while people applying for unsecured loans, short term loans or specialist bad credit loans still face a more complicated pricing picture. - read more
Why loan affordability matters as rate pressure lingers
Why loan affordability matters as rate pressure lingers
04 Aug 2026: Paige Estritori
Recent personal lending updates from Australia’s loan comparison market suggest borrowers are still facing a mixed environment. While some advertised rates have become more competitive, unsecured personal loan pricing remains uneven, especially for applicants who do not fit a mainstream bank profile. For Australians with limited credit history, casual income, self-employment or past repayment issues, the headline rate is only one part of the decision. - read more
Debt Consolidation Demand Rises as Households Juggle Repayments
Debt Consolidation Demand Rises as Households Juggle Repayments
28 Jul 2026: Paige Estritori
Debt consolidation is moving back into focus as Australians continue to balance higher living costs, credit card balances, buy now pay later commitments and personal loan repayments. Recent finance sector commentary suggests more borrowers are looking for ways to simplify their debts, not necessarily to borrow more, but to make existing obligations easier to manage. - read more
ASIC’s Private Credit Warning: What It Means for Borrowers
ASIC’s Private Credit Warning: What It Means for Borrowers
21 Jul 2026: Paige Estritori
Australia’s fast-growing private credit market is again under the regulatory spotlight, with ASIC warning that borrowers, investors and superannuation members may be more exposed to private lending risks than many realise. The latest concern centres on a sector that has expanded as banks have become more selective, especially in areas such as property development, construction finance and specialist business lending. - read more
HSBC Penalty Puts Scam Protection Back in the Spotlight
HSBC Penalty Puts Scam Protection Back in the Spotlight
23 Jun 2026: Paige Estritori
HSBC Bank Australia has been ordered to pay a $35 million penalty after admitting serious failures in how it protected customers from scams. The case is significant because it moves beyond warning consumers to be alert and places stronger focus on the systems banks use to detect, prevent and respond to unauthorised transactions. - read more
Surge in Personal Loan Borrowing as Australians Face Rising Living Costs
Surge in Personal Loan Borrowing as Australians Face Rising Living Costs
16 Jun 2026: Paige Estritori
In the first quarter of 2026, Australians borrowed a record $5.1 billion in new personal loans, reflecting the mounting financial pressures from escalating living costs. This significant increase underscores the challenges many individuals face in managing daily expenses. - read more
OnDeck Boosts Lightning Loan Limits to Empower Australian SMEs
OnDeck Boosts Lightning Loan Limits to Empower Australian SMEs
16 Jun 2026: Paige Estritori
OnDeck Australia has announced an increase in its Lightning Loan limits, now offering up to $300,000 in unsecured funding for small and medium-sized enterprises (SMEs). This enhancement aims to meet the growing demand for quick and accessible business financing. - read more

Need Help Finding a Loan?
Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check!

Loan Amount:

Postcode:

All quotes are provided obligation-free by a participating broker from our national referral partner network. We respect your Privacy.

All finance quotes are provided free and without obligation. We respect your privacy.

Knowledgebase
Bridging Finance:
A short-term loan that covers a financial shortfall during time between the purchase of a new property and the sale of an old property.


Quick Links: | No Credit Check Loans | Personal Loans No Credit Check | Bad Credit Loans | Business Loans No Credit Check | Fast Cash Loans Australia | Unsecured Loans | Guaranteed Approval Loans | Short Term Loans | Emergency Loans | Same Day Loans