There are many different reasons as for why a person might chose to get a divorce. However, one of the reasons you may have not considered before is financial infidelity. At first, this concept might seem a bit unusual. As it turns out, it’s actually an increasing problem for couples…
Financial Infidelity: What Is It?
What is it?
Financial infidelity might sound a bit odd at first, but makes sense when you break it down. Experts define it as when someone spends money, accumulates debt, or opens things like credit card without their spouse knowing. Basically, it involves the secrecy of an affair, but with financials instead of another person.
Still, it’s not like every single kind of secret spending falls under this definition. After all, there might be times when you’ll want to keep some purchases a secret. For example, when you’re buying your spouse a surprise gift for their birthday. It becomes infidelity when you’re actively hiding a lot of your spending habitsfrom them at all times.
What causes it?
Financial infidelity can have a number of causes behind it. One of these can be a lack of communication. Couples who have trouble talking to one another may keep more secrets from each other, including financial ones. This can eventually lead to arguments in the future which can cause a couple to split.
It could also be caused due to a lack of trust. If one spouse has a lot of money before their marriage, they may have apprehensions about trusting their partner with their money. Also, if a spouse has a shopping or gambling problem, they may keep their spending hidden out of a sense of shame or embarrassment.
Spot the signs
Financial infidelity, like with other forms, can be hard to spot at first. However, certain actions can help clue you in that something might be going on. For instance, maybe your spouse always gets defensive or angry when you bring up financials. Or, they buy things without telling you and get upset if you ask when or how they got them.
There are other signs to watch out for as well. Maybe you notice a lot of withdraws or transactions from your bank accounts. You might also get letters or alerts about any debt your partner has been accumulating. Signs like these can help clue you in that something isn’t adding up with your partner’s spending.
