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‘Financial infidelity’ - when secret spending comes between couples

by AirTalk

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Credit cards are pictured on a computer's keyboard on February 5, 2013 in Rennes, western France. DAMIEN MEYER/AFP/Getty Images

Do you keep financial secrets from your spouse or significant other? If you do, you are not alone.

A recent survey by the National Endowment for Financial Education found that 1 in 3 couples with combined finances admit to lying to their partner about money. According to the NEFE, the percentage of couples cheating financially has increased from 31 percent in 2010 to 33 percent.

From hidden purchases and secret credit-card spending to undisclosed bank accounts, financial deception can be damaging to a couple.  Of the survey respondents who admitted to financial cheating, 76 percent said it affected the relationship.

Have you ever lied to your significant other about finances? What impact does financial cheating have on a relationship? How can you avoid financial infidelity? How can a couple resolve financial dishonesty?

Guest: 

Tina Tessina, licensed psychotherapist, author of 13 books including: “The Commuter Marriage”

 

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