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Financial Infidelity: The Downfall Of Too Many Marriages

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Do you keep money secrets from your spouse?
Plus: five classic mistakes that trigger financial dishonesty.

4. One-sided control. If there is one person in your relationship who controls all of the money, we can pretty much guarantee financial infidelity in the relationship. It indicates a lack of trust, respect and partnership. Both people spend money and need money to make the household run; both need to be involved in controlling the funds. Mr. Mustang himself, Henry Ford said, "Coming together is a beginning. Keeping together is progress. Working together is success."

5. Keeping secrets, large or small. Money secrets destroy relationships. Much like sexual infidelity starts out with small flirtations and grows into a poisonous affair, financial infidelity may start small or unintentionally.

More from YourTango: Ready, Set, GO!: Holiday Shopping On A Budget

The good news is financial infidelity can be overcome and stopped dead in its tracks. The debt may be there, bad habits may need to be dealt with but a known evil is an easier dragon to slay together than a toxic secret lurking in the dark.

Approach your new relationships, and old, with the desire to work together and discuss your money openly. Your relationships will profit.

The Money Couple®
Scott & Bethany Palmer
Authors of The 5 Money Personalities: Speaking the Same Love and Money Language

More from YourTango: The 5 Faces Of Money Infidelity: Divorce Guaranteed

Scott & Bethany Palmer are regulars on national TV and radio and speak internationally about The 5 Money Personalities. Learn more about your Money Personality, Money Relationships, or take the free, scientific quiz to uncover your relationship’s financial infidelity.

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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.

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Location: Colorado Springs, CO
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