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Financial Infidelity

 
 
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Financial Infidelity

This Finance Article is Brought To You By - Jeannie Giordano

Unexpected bumps might be in store for couples who fail to discuss financial expectations before marriage.

Balancing marriage and financial issues can be daunting. Should she be allowed to spend $100 on a new handbag without discussing it with her husband first? Should he be allowed to buy sporting tickets to go to a game with his friends without discussing it with his wife first?

If one or both partners is used to spending freely, having to discuss purchases with his or her spouse once they get married, can feel restrictive and unfair. There are many decisions to make when joining into a marriage: should you keep your separate bank accounts or open only joint accounts? Some couples allow themselves a certain amount of discretionary spending, for instance: spending over $200 should be discussed.

Further complicating matters, whether or not both spouses are working will change the decisions to be made. Having a stay-at-home spouse who is taking care of children will add one more question to the mix. Just how much discretionary income will be allotted? Having some money to spend freely is important for each partner to feel independent.

There are many ways someone can commit financial infidelity. Getting cash back after making a purchase and keeping the change, or hiding something that was purchased are just a couple of ways that spouses keep money secrets from each other.

One particularly heinous example of financial infidelity is having a secret bank account, which many agree might be grounds for divorce. Another might be having a secret credit card.

Confessing spending or financial secrets can be liberating. Using an anonymous online website for revealing secrets and confessions can be a good first start. Getting to the bottom of why you are keeping the secret is a critical step in coming clean.

Keeping secrets is risky business in more ways than one. It can ruin your marriage, but it can also ruin your health. Confessing anonymously online is a great way to start the process of telling the truth without fear. Once the ball is rolling, confessing to your spouse could be the next step.

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