Is my spouse committing financial infidelity?

On Behalf of | Feb 7, 2020 | Divorce

Cheating isn’t the only thing that can erode marital trust. According to a recent report, both men and women said financial infidelity was just as bad or even worse than sexual infidelity.

That may be because couples who have substantial money issues may be more likely to divorce. When partners have different spending habits, that can cause problems for any marriage.

Women tend to be more secretive

Women tend to be more tight-lipped about their finances than men. According to a recent study, 32% of female respondents said they admitted to hiding purchases from their significant other. Some even admitted to lying to their spouse about recently purchased items.

Red flags of financial adultery

While a couple’s circumstances often vary, a partner may start committing financial adultery when they realize their marriage is on the decline. These may be some early warning signs:

  • Your spouse starts moving their money into separate accounts.
  • Your spouse develops new spending patterns they initially didn’t have.
  • You start receiving hefty brokerage statements in the mail.
  • Your spouse becomes moody, especially when it comes to talking about money.
  • Your spouse is trying to hide assets by buying expensive paintings.
  • Your spouse tries to get you to sign documents without review.

Open communication can help eradicate money conflicts

While financial infidelity can create troubles for any couple, these matters can be dealt with before their marriage falls apart. However, if issues continue, spouses may want to seek legal counsel.