53% of Americans have kept money secrets from their partner—yet only 27% say they've committed financial infidelity. (via CNBCMakeIt)
It's important to know that "infidelity," as it's often thought of in relationships, isn't just a word that's reserved for the bedroom. "Infidelity can hit the pocketbook and wallet, too, when one spouse spends, borrows, withholds or hides money without telling his or her partner," Newman writes. "Such financial infidelity can damage a marriage just as much as the sexual type, if not more so.
Instead of turning to financial deceit when faced with money struggles, it's important that you and your partner try to work toward practicing open and honest communication, says Kristin O'Keeffe Merrick, a financial advisor of"Money communication is incredibly important in a long-term relationship," says O'Keefe Merrick. "I have seen several cases of financial irresponsibility and infidelity that have ruined relationships.
"It may make sense to see a financial therapist together," O'Keefe Merrick adds. "And, please, be very careful about marrying if you have serious concerns about the other's financial situation."
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