Loading...
The Heart Beat The Heart Beat blog

A third of spouses admit to financial infidelity

Are you having an affair with your credit card debt?

By Kristin Wong Oct 30, 2012 3:25PM

Money can't buy you love, but once you find a partner, money is likely to become a topic of contention on more than one occasion.

Photo: Plush Studios/Getty ImagesAccording to a recent study from the AARP, 34 percent of couples have hidden purchases from a spouse or partner, adding fuel to the fire.

Related: How to determine if he's marriage material

Research company ORC International led the survey, interviewing 1,263 adults over the age of 18. They found that older couples were more likely to be honest about their finances, while the 18 to 49 demographic had a little trouble with financial fidelity.

Dr. Taffy Wagner, CEO of Money Talk Matters, told Business Insider:

"Couples are all in love and want everything to be joint, but when they automatically put all of their money in one account and one person is managing it, a lot of the time the other person has no idea what is going on."

Related: How to get the ring you want

So even joint bank accounts might not prevent financial cheating.

Of respondents ages 18 to 49, 7 percent even admitted to keeping a secret bank account hidden from their spouse. When asked if they "know of someone" who has a secret bank account, that number jumped to 20 percent.

At 34 percent, hiding purchases was the most common money lie found in the survey. But 8 percent of those polled said they've lied about lending money to a family member. Six percent said they've hidden credit card debt. That number was significantly higher for the 18 to 49 crowd, with 10 percent admitting to hiding debt.

With those stats, it's no wonder that money continues to be a top cause of couples' arguments.

Photo: Plush Studios/Getty Images

Subscribe to The Heart Beat

More Sex & Love on MSN Living:
50 Dating Dos and Don'ts
Sweet, Fun and Cheap Date Ideas
The Dos and Don'ts of Dating More Than One Guy at a Time
24 Secrets of Successful Daters

7Comments
Nov 4, 2012 11:36PM
avatar

Since when did "partners" get started being used with a MUCH more sacred, "SPOUSE"?

 

To post on Facebook!

Nov 4, 2012 11:35PM
avatar

C'mon', Ladies, haven't all of us at one time (a lotta times) gone shopping and left things in the trunk untill he goes to bed? We just don't wanna hear about it!

 

Nov 4, 2012 11:32PM
avatar
Since when did "partners" get started being used with a MUCH more sacred, SPOUSE"?
Nov 4, 2012 11:04PM
avatar
The way I "hid money" was when I figured the checkbook, I would subtract $100 at the end of the checkbook register when the page was turned. It would sometimes take 3 months to get to the end of the register page, so $100 was not a lot AND it was a nice round number, easy to remember.  Whenever my spouse wrote a check, it was never noticed. I reconciled the statements each month.  This went on for years.  When we tried to save money, it always got spent.  I KNEW I would never spend this...and I didn't.   I learned early on to pay myself first. One day I decided to show what I had been doing.  He bought himself a truck.
Nov 4, 2012 8:31PM
avatar

If you feel you must hide or mislead  the person you love* you need to get out of the relationship. Both parties should have a complete understanding of what the financial priorities are and should abide by the agreement. If no agreement is agreed upon a limited number of exceptions can be made. If one person is constantly making the compromise *get out*you are being used. It all starts with money and will ultimately lead to deception and infidelity and heart break.

Nov 4, 2012 1:59PM
avatar

Yes I have with held financial information from my partner because I am the ONLY bread earner in the household, I have to make all the decisions because he doesn't want to hear the trivial information and we never agree on how to do things.  Whether it's the car or the toilet, he moto is always go the cheapest route. In my experience, that is trouble.  So I handle the finances, make the decisions, work, pay the bills and do all the purchasing that is necessary to make a home function.  In turn, he takes care of the house, yard, and pet when I am not there.  So with holding info from him is NOT being a wrong.  Oh yes, and we have been like this since he was no longer able to work - 2004. 

Nov 4, 2012 10:47AM
avatar
If you want to destroy your relationship, hid money.  I owned a small business with an old boyfriend for 13 years, nine of those we lived together.  I did part of the initial books and he finished them up.  He hid so much money from me and basically thought I was just too stupid to know what he was doing.  Once he spent $50,000.00 dollars on one of his “ideas” and I called him out on it.  He was shocked I had figured it out, but never stopped, still thinking I was too stupid to figure it out.  There were more than one reason I walked out the door, but I would say the money issue was what started the rest of the problems.  Hiding money you worked for, from the person that worked for it and treating them like they are to stupid to figure it out, is pure acid on your relationship.  You might think you are smarter than your spouse, but your spouse might be smarter than you think; so poor a little more acid on your marriage, but do not be shocked when they walk out the door. 


Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

love: friendships, dating, sex & marriage

  • Lies wives tell

    7 lies your wife tells you

    How to flag her little fibs. By Laura Tedesco

  • A new study on attraction may help explain why fashions change. AFP Photo, ©Serg Zastavkin, shutterstock.com // A new study on attraction may help explain why fashions change. AFP Photo, ©Serg Zastavkin, shutterstock.com (A new study on attraction may help explain why fashions change. AFP Photo, ©Serg Zastavkin, shutterstock.com)

    Being the odd one out may make you more attractive

    A new study on attraction may help explain why fashions change.

  • The Viceroy Anguilla

    Great getaways for a spring-summer honeymoon

    As a general rule, any island that offers great weather year-round is going to attract the most visitors in the winter (high season) when we’re all trying to escape the snow. Once summer rolls around, many islands see a sharp drop-off in tourism since many people have beach weather right in their own backyards.

  • Getty Images

    The top 10 complaints from unhappy husbands

    And how you can attack the issues together.

  • 25 wedding photo bombs

    25 wedding photo bombs

    A wedding is an exceptionally special day. Sometimes, an opportune photo flub makes the occasion even more memorable. Here are 25 awesome wedding photo bombs.

  • He takes you on nondrinking dates.

    7 signs he’s getting serious about you

    Somewhere between the first few butterfly-inducing dates and the committed-for-life stage, there’s the period of wondering if you’re both on the same page about how serious you feel about a future together. If you’re not quite at the point of "that talk" but you’re looking for a few clues you’re heading in that direction, here are some signs he’s in it for the long haul as your relationship progresses.

  • 'Have you tried online dating?'

    15 things single people are tired of hearing

    What’s that sound? It’s white noise blocking out the well-meaning person proclaiming groundbreaking news about where you can meet someone, asking why you’re still single, or bugging you about when you’re getting married already. Don’t be that person. Here are 15 annoying things all single people don’t want to hear.

  • 1. New Hair Color

    11 things to avoid the week before your wedding

    With just a few days left before the big day, you already have a mile-long checklist of to-dos—now meet the don’ts! From impromptu skin treatments to all-night movie marathons, here are 11 things to avoid at all costs.

  • 'It’s a Wonderful Life'

    13 movie romances we can learn from

    A new study shows that watching and discussing romantic films can drastically reduce your chance of divorce. These flicks more than fit the bill.

  • About you and someone else

    10 things he’ll never forget you said

    These seemingly innocent phrases still have the power to wound… big time.

  • He or she is the first one you want to tell

    6 signs your marriage will last a lifetime

    Making "I do" last forever is one of the biggest challenges you'll ever face—and it's normal to worry about how you'll do it. But, if your connection involves any of these things, rest assured that you're in it for the long run.

  • Simone Becchetti, Getty Images // Simone Becchetti, Getty Images (Simone Becchetti, Getty Images)

    Can you stay together after a marital affair?

    Ultimately, as hard as it may seem at the beginning, a marital affair can be a turning point.

buzzing now on msn living
Loading...
The Heart Beat is a Great Dating Blogs Winner The Heart Beat is a Great Dating Blogs Winner
relationship videos
editor's picks
Loading...
the heart beat
Loading...