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
- "Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock." - Matthew 7:24-25
Recommended Resources
- Money, Purpose, Joy - Discussion Guide
- If you want to take your relationship with money to a whole new level, bring the subject into your small group. It can be scary to open up about money, at least at first. But the "Money, Purpose, Joy Discussion...…Read the rest
View All »