Would you lie about money to your mate?
About a third of Americans who have combined finances with a partner admit to committing some form of financial infidelity, according to a recent survey by the National Endowment for Financial Education (NEFE).
About 30% have hidden a bill or other statement 16% concealed a major purchase 15% admitted to having kept a secret bank account 11% lied about their debt Mysteriously, 11% lied about their incomes
And about 80% of all married folks hide some spending from their spouses, according to a 2010 survey by CESI Debt Solutions.
You don’t need us to tell you that if fiscal deception can create a vast, nationwide, mortgage and banking meltdown—it can also do serious marital damage.
How to restore financial peace, love and understanding?
Keep some money separate. Each partner needs some financial privacy, says New York therapist Barbara Nusbaum, Ph.D. More ways to cope with money secrets here. Take a quiz that can help identify where your values are in conflict (a major cause of financial infidelity, experts say).
Share the love. What’s the best way to tell your partner that you’ve lied about money—and want to set things straight?
photo source: moonadea's shop on etsy
Love, Money & Lies Comments
- By MP Dunleavey
- February 14, 2011
Tagged in: Budgeting
Join our community of ambitious women.
Get started and sign up now.
10 Habits of High Net-Worth Women10 Habits of High Net-Worth Women
8 Ways Your Upbringing Can Affect Your Money Habits8 Ways Your Upbringing Can Affect Your Money Habits
Should You Buy or Rent?Should You Buy or Rent?
The Best Days To Get Discounts on Almost AnythingThe Best Days To Get Discounts on Almost Anything
Make More Money: 5 Stories of Major Income IncreasesMake More Money: 5 Stories of Major Income Increases