Financial Infidelity
Financial unfaithfulness is widespread. That's the apparent conclusion of a new survey conducted by Yahoo and research firm Decipher. It found that about half of all people in a serious relationship have committed some kind of financial indiscretion. According to an article about the survey on Yahoo Finance, the deceptions include lying about he cost of a purchase or hiding it altogether, secretly racking up credit card bills, and keeping a hidden savings account. Women were more likely than men to acknowledge being financially untrue (55 percent vs. 41 percent).
Matt's View
No wonder money is such a common source of conflict among couples. While it's becoming less and less the norm, I encourage married couples to combine financial accounts that can be combined. Doing so promotes openness, communication, and teamwork. Do you have questions about this? Rebuttals? Send them to me and we'll kick this around some more.
This article filed in: Marriage
Managing Money by The Book
- "I delight in your decrees; I will not neglect your word." - Psalm 119:16
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