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Financial Infidelity as defined by The Money Couple:
Financial Infidelity (fi-nan-shuhl in-fi-del-i-tee) noun
The act of lying about, hiding, or secretly hoarding money in a relationship.
Every money relationship harbors some level of Financial Infidelity. It might be as minor as not telling your spouse what you really spent on her birthday gift or as major as keeping a secret bank account or credit card. The bottom line: no matter how big or how small the Financial Infidelity is, it is a relationship KILLER! With 70% of all divorces in America citing money as one of the major causes leading to the split, Financial Infidelity is the unspoken and undefined reason marriages fail and families split. With all of our exposure to it through the couples we counsel, or even our own Financial Infidelity (yes we have committed it), we have identified 5 triggers to help you work through your own:
- Financial separation – Many couples think if they just keep their money separate that it will not cause… [more…]
- Overspending and Debt – Many couples struggle with overspending and debt. What we often see is… [more…]
- Lack of planning – Often couples will do no planning because they are relying on the other to do the current… [more…]
- Control – If one person controls the money, there is often a backlash from the other. We see this as one of… [more…]
- Money Secrets – Money secrets can be in many forms. It can range from separate checking accounts, secret… [more…]
Read the complete Money Couple Minute here.
Make it Happen!
The Money Couple
Scott & Bethany Palmer