We all do it…commit financial infidelity. Here are five categories you can put yours in to:
- Overspending and Debt Many couples struggle with overspending and debt. What we often see is that one or both people in the relationship will hide credit cards and or purchases. This is most often done to avoid a fight.
- Financial separation Many couples think if they just keep their money separate that it will not cause friction in the relationship. What we see is that this is almost an impossible scenario. How do you live under one roof with no overlap in finances? Resentment and mistrust set in as bills are split up and both people in the relationship are hoping for the best.
- Lack of planning Often couples will do no planning because they are relying on the other to do the current and future planning. Usually they will wait to long until they even address the issue. When the problem is finally discovered the blame game begins.
- Control If one person controls the money there is often a back lash from the other. We see this as one of the major causes for secret accounts and credit cards. The person in the relationship that is hiding the money is usually doing so because of the lack of flexibility by the other.
- Money secrets Money secrets can be in many forms. It can range from separate checking accounts, secret credit cards, secret investments holdings and secret stashes of cash.
To figure out how much financial infidelity you have in your relationship. Click HERE to take our free quiz.
See the video of the Money Couple talking about the Five Categories of Financial Infidelity HERE!