Do You Suspect Financial Infidelity in Your Marriage?Mar 14, 2023
One in three couples will deal with financial infidelity at some point in their relationship. (Maybe more, as we don’t know who is too shamed to admit to it.)
In marriage, financial infidelity occurs when one partner hides or lies about the finances. Although the amount of money involved isn’t relevant (since a lie is a lie, regardless of the amount of money), the bigger the dollar amount the more serious the situation feels.
Even small lies about money can be a symptom of a bigger problem in the relationship, such as a lack of communication or trust. My appearance on the Marriage, Kids and Money podcast with host Andy Hill is centered around the ins and outs of financial infidelity. I provide valuable information about the signs to look for and what to do if you find out your spouse is hiding money.
Financial infidelity can have long-term consequences and can evolve into financial abuse where one spouse uses money to exert control over the other.
It's crucial for couples to communicate openly and honestly about their finances and take the necessary steps to quickly address issues that arise. If you suspect that your partner is committing financial infidelity, face it head-on. If your partner is honest and willing to put in the work, a professional can be beneficial in restoring trust and preventing future financial infidelity.
It's never too late if your heart is in it, but if your spouse is unwilling to work with you or communicate and you decide to part, the Divorce Money Guide can help you move forward.
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