All I Wanna Do, Is Hear Some Truth

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How important is honesty in a relationship?

The controversy surrounding Sheryl Crow’s alleged knowledge of ex-beau, Lance Armstrong’s, performance enhancing drug use may have her singing, “All I Wanna Do Is Have Some Fun.” The 50-year-old, singer-songwriter started making the rounds to promote her new album, but instead encountered questions from people wanting to know just how much she knew about her former fiancé’s doping habits.

Sheryl told Entertainment Tonight, “I think that honesty is always the best bet and that the truth will set you free.”

 

How important is honesty in a relationship?

What if your spouse was lying to you about: how much money he spends beyond your agreed-upon budget, or how much she invested in that “next big thing,” or the amount of cash he’s stashing away? The Money Couple® calls these behaviors Financial Infidelity, dishonest choices you make to hide your spending or secret saving from your spouse. 

Unfortunately, Financial Infidelity is as popular today as Super Bowl ads. Almost all relationships have some form of it. The Money Couple® found that 65% of women have a secret credit card or a secret stash of cash. These women admitted that they hadn’t told their spouse, but they felt they did it to “protect the family.” Starting to sound familiar? Join in when we hit the chorus.

But seriously, the emotional toll that Financial Infidelity takes on your Money Relationship is far more devastating than the toll it takes on your money.  You can recover from overspending.  You can close a credit card account.  You can start saving for college. In fact, you can successfully work through almost any money problem. But lost trust involves major repair work for a Money Relationship™.

Financial Infidelity is a breach of trust and that hurts, no matter how much money is involved.

Every individual views money in a different way – their Money Personality™. Each person also has a Primary and a Secondary Money Personality.  These unique viewpoints affect how they see money and in what manner they might be tempted to commit Financial Infidelity. The way a person’s Primary and Secondary Money Personalities interact can be a big help or … not.

Article contributed by

Scott And Bethany Palmer The Money Couple

YourTango Expert Partner

The Money Couple, Scott & Bethany Palmer are parents, finance experts, authors, and regulars on national TV and radio. With 40 years of combined financial planning experience they launched The Money Couple to help couples and families improve their relationships with love and money. Scott and Bethany enjoy an active lifestyle living in Colorado with their two sons, Cole and Cade. Pre-order their NEW BOOK, The 5 Money Conversations To Have With Your Kids At Every Age and Every Stage

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Location: Colorado Springs, CO
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