But even if you remember, that’s still money coming out of your joint bank account. The big danger here is that you could forget to pay it. Rather than get into a fight, you quietly hide the bill in a drawer. Your credit card bill arrives, and there’s a big expense on it that you know your spouse will flip out about. The problem is that a late payment could damage your credit rating – and your spouse’s if you share the account. Actually, you forgot to, but instead of ‘fessing up, you say, “Of course” and then rush to the computer to pay it before you get caught. Your partner asks if you paid this month’s electric bill. A difference of $5 or $15 doesn’t seem like much, but when you do it repeatedly, those little changes can add up to a big gap in your household budget. When your spouse wants to know how much it cost, you hastily round the price down to $60 or even $50 so it won’t seem too extravagant. You pick up a cool new toy at the mall for $65. Here are a few other ways partners can lie to each other about spending: Husbands were more likely to hide spending on electronics or hobbies, while wives typically concealed purchases of clothing, shoes, and gifts for friends and family. The types of purchases they were most likely to conceal differed for men and women. In addition, 12% of respondents had hidden a bill or bank statement so their partners wouldn’t see how much they’d spent.Ī separate survey, conducted by Money magazine in 2014, found that 22% of married people admitted to spending money they didn’t want their spouses to know about. In the NEFE survey, 22% of respondents said they had hidden a minor purchase from their partners, and 7% had hidden a major purchase. Perhaps the most common form of financial infidelity is lying about or covering up spending. Here are some of the things people admit to deceiving their partners about.
Husband lies and hides things how to#
That means understanding how to recognize financial infidelity in its early stages, understand why it occurs, and take steps to work it out.įinancial infidelity takes many forms, some more serious than others. So it’s best to deal with financial infidelity before it causes serious financial problems within the household, let alone marital strain. Debt relief programs like those offered by Accredited Debt Relief are often favorable alternatives to bankruptcy, but they still take time and can temporarily lower both partners’ credit scores.
Husband lies and hides things professional#
Often, the other spouse finds out about the problem only when it’s no longer possible to conceal – when debt collectors come calling or when the high-spending spouse seeks professional help to reduce their debts. Roughly two in five respondents said they’d lied about money or hidden financial details from a spouse or partner with whom they shared their finances.Īnd financial infidelity can simmer for years before coming to a head. Sign Up NowĪ 2016 survey by the National Endowment for Financial Education (NEFE) found that the problem was even more common. For $79 (or just $1.52 per week), join more than 1 million members and don't miss their upcoming stock picks. Motley Fool Stock Advisor recommendations have an average return of 397%. In a 2018 survey by, 15% of respondents admitted they weren’t always honest about money with their significant others, and 23% said they didn’t think their partners were always honest with them. Julia is a fictional character, but the kind of deception her story illustrates is both real and widespread. When lies about money come to light – as they tend to do sooner or later – they often lead to arguments over money, loss of trust, and even divorce. And according to experts, it can cause just as much harm in a marriage as cheating on your spouse.
Keeping money secrets from your partner, like Julia’s secret shopping, is called financial infidelity. She figures what he doesn’t know can’t hurt him. That way, she doesn’t have to listen to any lectures from him about how much she’s spending. Whenever she goes out for a little retail therapy, she uses that card and has the bill sent to her office. Julia has a secret credit card that she hides from her husband, Carlos.
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