Sneaky money: The cost of financial deceit for your relationship

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Financial infidelity can be just as devastating to a relationship as an affair.

In fact, some 31% of respondents in a recent CreditCards.com survey felt that keeping a credit card or savings account a secret from their partner was worse than being unfaithful. And it appears that financial infidelity is rife. In the same 2018 survey, 15% of people admitted they weren’t always honest about money with their partners, while 23% said they didn’t think their partners were honest with them.

In fact, some 31% of respondents in a recent CreditCards.com survey felt that keeping a credit card or savings account a secret from their partner was worse than being unfaithful. And it appears that financial infidelity is rife. In the same 2018 survey, 15% of people admitted they weren’t always honest about money with their partners, while 23% said they didn’t think their partners were honest with them.

Two out of five people admitted to lying about money or hiding financial details from a partner. Besides the breakdown in trust, financial infidelity can cause arguments, unhappiness in the home, built-up resentment and anger, financial instability, and even divorce.

 

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