Raise your hand if you’ve ever been guilty of FINANCIAL INFIDELITY… do you see mine up? YEP. In some form or fashion, we’ve ALL done it.
Here’s the deal.. Financial Infidelity shows up in BIG ways.. and in some small, subtle ways. See if any of these resonate with you.
- A husband JUST finds out that his wife of 5 years has debts from BEFORE they were married, and he NEVER knew about it.
- A wife tells hers kids, “don’t tell daddy about ____”, as she buys them yet ANOTHER toy after her and her husband agreed that the kids have WAAAY too many.
- A husband eats out with his coworkers daily… but his wife thinks he eats out once a week.
- A wife brings home a free puppy or kitten without talking it over with her husband.. It’s cute, but you gotta FEED it!
- A husband tears up the bathroom on a whim with a sledgehammer and starts a big remodeling project, but it wasn’t a planned expense.
- A wife has a closet full of clothes and shoes she purchased without her husbands knowledge.
- A husband, knowing that money is tight, says yes to a trip across the state because he can’t say NO to his wife. He puts on a facade that “Everythings ok” when he knows that they are behind in the bills.
These were just a few examples.. but all are very REAL circumstances that I’ve either witnessed or been a part of. I’ve also used the terms Husbands and Wives a lot in these examples.. because married partners should be 100% accountable to each other. Each time one spouse tells a little white lie, makes a hidden purchase, or buys something without speaking to the other, it UNDERMINES the relationship. If you’re single.. the only person you’re really accountable to is yourself, however once you tie the knot, your finances and your credit will be co-mingled with your spouse. I don’t mean to scare the engaged couple.. after all, two heads are better than one and when you make decisions together, you do it to benefit the both of you.
If you’re currently committing Financial Infidelity.. you may be closing off the person who can help you the most… your SPOUSE!
The wife, who had debt before she got married, it all blew up when she couldn’t pay those “Hidden” bills. When her husband found out.. was he mad? Absolutely.. but then he asked…”Why didn’t you let me know you were in over your head?”. Now he is working to help her pay down the debt.
Who are you hurting the most? Why… it’s YOU!
If you’re married…sit down with your spouse regularly and go over all your finances. Adopt a policy of FULL DISCLOSURE will all your purchases. Then set some goals and work on them together. Accomplishing goals as a partnership will bond you closer together and it is a beautiful thing.
If you’re engaged…make plans to mingle your finances together after you get married and make sure you are BOTH involved in the decision making process. When one spouse controls all the money… it becomes way to tempting to make a hidden purchase here or there while the other has to ASK for money.. this is not wise. All accounts, passwords, bills, and expenses should be shared.
Should each of you have SOME money that you can spend without being accountable? A small amount is fine.. but be careful.. if it causes resentment in your spouse.. you may want to rethink that. I know someone who always spent HIS money on games… and she was spending HER money on HIM.. does that seem fair?
Best thing to do, right now.. it to start being HONEST with your partner. Don’t make big decisions by yourself. Don’t start new projects that cost money without your confidante’s support. Don’t keep your partner in the dark either… if you know something bad is coming (like a potential layoff), don’t let your partner get blindsided by the news or be told by someone else.
Finally, be honest with yourself.
Your comments are welcome!