One in three adults who have combined their money in a relationship admit to committing financial infidelity against their partner.
Several years ago, a friend of mine admitted she had a bank account her husband didn’t know about so that she could spend from her secret stash on the sly. And recently, an acquaintance who owns a luxury jewelry store revealed to me that some of her clients purchase the high-end gems with cash in order to keep their spouse in the dark about their indulgences.
These breaches of trust are surprisingly common: According to a survey by the National Endowment for Financial Education, one in three adults who have combined their money in a relationship admit to committing financial infidelity against their partner. And 76 percent of those people concede that their deception has affected the relationship.
Here are the 7 big lies.
- The Lie: “Yes, I Paid That Bill.”
- The Lie: “I’m Terrible with Money — You Handle It.”
- The Lie: “Sure, We Can Afford That.”
- The Lie: “My Money Is Your Money.”
- The Lie: “I’ve Had These Shoes For Years.”
- The Lie: “I Don’t Have Any Debt.”
- The Lie: “I Don’t Have That Much Money.”
You can read this insightful article in full at: www.hermoney.com/connect/love/lying-about-money-in-relationship
The author, Molly Triffin, digs into the whys behind the fibs about your finances. She also reveals reasons behind some of the biggest fiscal lies couples tell, and the steps you can take to get back on track.
Take time to have a monthly money date with your spouse to review the details of your spending, saving, and investing.
If you want assistance putting a money spending and saving plan in place, contact me at www.lindalingo.com