Could Your Spouse Have Secret Debt?

By

struggling with finances
Do you know if your partner is deep in debt? Prevent financial infidelity with these tips.

Coming home from vacation is so hard! While you're swinging in a hammock in paradise you forget your long list of things-to-do, your bills, your diet and your boss. Coming home is a startling return to reality.

Josh's return home was especially startling.

Home from Maui with his new bride, he went to their bulging mailbox to retrieve the mail. He wondered how two people could get this much mail in just one week? At least the wedding and honeymoon bills hadn't arrived yet. He hated to think of the bills they racked up in the last few weeks! But a wedding and once-in-lifetime-trip was worth it and he knew he and Paige would remember this time forever.

Then a feeling he'd soon want to forget hit him. His heart sank, his stomach turned to knots, a $10,000 credit card bill?! Whose was this? Did his neighbor's mail get stuffed in their box? Was there some other Paige McCancy? There had to be some mistake!

Unfortunately, the mistake was a lack of full disclosure. Paige hid her debt from Josh while they were dating because there never seemed to be a good time to bring it up. She thought Josh was so sweet but he always worried about money. When they started planning the wedding and the honeymoon, she figured mentioning her debt would push him over the edge. So she told herself she'd tell him later.

Like the flash floods in Maui, this rush of information has the potential to damage everything. But it doesn't have to. The damage is done. The debt is real. What can they do now?

1. Get all the facts on the table. All of them! Was this debt for needs — schooling, car repairs, medical expenses, etc.? Or was it for shopping, lattes and tanning beds? There's a reason we vow to each other about money in our wedding vows. Her debt is now their debt. Keep reading ...

More marriage advice from YourTango:

This article was originally published at . Reprinted with permission from the author.
Article contributed by
Advanced Member

Scott And Bethany Palmer The Money Couple

YourTango Expert Partner

The Money Couple, Scott & Bethany Palmer are authors, regulars on national TV, radio and speak internationally about “Love and Money”. With 40 years of combined financial planning experience they launched The Money Couple and have dedicated their lives to helping couples bring their love and money together. Scott and Bethany enjoy an active lifestyle living in Colorado with their two young sons, Cole and Cade.

Take our FREE Money Personality Quiz

Check for Financial Infidelity with our FREE Money Relationship Index

Sign up to receive the FREE Money Couple Minute!  click here

See our NEW BOOK, The 5 Money Personalities™: Speaking the Same Love and Money Language

Location: Colorado Springs, CO
Credentials: Other
Other Articles/News by Scott and Bethany Palmer The Money Couple:

I Love To Spend Money. So Why Do I Hate Myself When I Do?

By

If you love to spend money, but hate yourself when you do, you are not crazy. Many of us love to shop, buy gifts or conquer a great sale. But afterwards we feel that gnawing in our stomach. That doubt. That guilt. We often get questions from readers about this feeling. For instance, Brooke, a participant at one of our events, told us this story:  I ... Read more

Getting An F In Marriage? 3 Assignments To Help You Pass

By

School may be over for most kids, but for some parents in Oklahoma, it's only beginning. Oklahoma lawmakers signed a bill this month requiring divorcing couples with children under the age of 18 to complete a mandatory educational program. We guess parents are not going to be thrilled about this forced enlightenment and yet compatibility with your ... Read more

Forget Sexual Compatibility – Are You Financially Compatible?

By

In a recent survey, 1,000 single adults ranked financial responsibility higher than physical attractiveness when considering a mate. In fact, women ranked financial responsibility in a long-term partner to be equally essential as sexual compatibility. So how do you find a financially responsible companion? 1. Look For A Willingness To Discuss Money ... Read more

See More

GET MORE ARTICLES LIKE THIS IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.

Ask The Experts

Have a dating or relationship question?
Visit Ask YourTango and let our experts and community answer.

FROM AROUND THE WEB