Did you know? Financial infidelity is the new kind of cheating in today’s day and age.
This happens when romantic partners who are supposed to be open with each other about their spending habits find ways to hide their purchases from their significant other. And it’s not for an innocent reason such as getting the other person a gift or planning a surprise.
Financial infidelity involves the type of dishonesty that could damage a relationship, which is why it’s often carefully hidden. It’s also a sign that your relationship may not be as strong as you had thought.
So if you feel your partner may be financially disloyal but don’t have hard evidence for it, below are some of the signs you should pay attention to.
Why Does Financial Infidelity Happen?
Before we dive deeper into the matter, it’s important to keep in mind that you’re not alone. Financial infidelity is quite common since one in three married people admits to hiding purchases from their spouse.
Still, even if lying about money in a relationship is a common thing, if left unchecked for too long, it can spiral into an extremely inconvenient situation for both partners. Plus, things can go downhill when there’s an imbalance in the amounts each spouse contributes to the family budget.
When it comes to reasons, people who hide their purchases have stated the following:
- Embarrassment
- Knowing their significant other won’t approve
- Fear of being judged
- To avoid damaging the relationship
- A desire for privacy
Now, depending on each couple’s financial agreements, some of these reasons may not apply. However, if you and your spouse agreed to be open about large purchases, buying a luxurious yacht and then hiding the purchase from your partner is definitely a big deal.
Signs to Watch Out For
In today’s day and age, it’s rather easy to hide your spending habits from a significant other. All it takes is different bank accounts, and it would be impossible to keep track of each other’s expenses.
However, most married couples have at least one joint bank account where most of their money goes. Now, there are pros and cons to having a joint bank account, but one of the major benefits is convenience. Whenever one of the partners needs money for a purchase, they’d have access to the family budget.
Financial Infidelity with Joint Bank Accounts
So, if you have a joint bank account, pay attention to unexplained cash withdrawals that happen more than once. Cash can’t be traced, so someone who has something to hide will likely use this method.
Also, do you know for sure how much money your spouse is making? Are you aware of all their income streams? Some people take on a side gig to earn extra cash, which they stash in a separate bank account. Plus, some spouses avoid telling their partner about bonuses or raises to keep all that extra dough for themselves.
Financial Infidelity with Separate Accounts
If your initial agreement is that you’ll each have separate bank accounts, the only way to tell your spouse is spending more than telling is by paying attention to their behavior.
For instance, you may not be able to discover their latest NFT acquisition, but you can see things piling up around the house. If you have suspicions you’re being lied to, start checking the prices on some of their purchases. Keep in mind that what, to you, is a bland-looking bag, in reality, it could cost a couple of thousand dollars!
Also, if your partner is always first at the door when a courier arrives, you may want to have a second look at those packages.
Wrap Up
Just like romantic infidelity, financial infidelity can’t be covered up for too long. So if you have suspicions, your partner may already be hiding a few naughty financial habits from you. Still, it’s important to keep your mind clear and look for evidence before making any accusations.
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