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Financial Dishonesty Between You and Your Spouse

Have you ever lied to your significant other about finances? Of the nearly 670 consumers surveyed in the recent consumercredit.com  poll. The facts say that many are guilty.

Based on the numbers, it appears that 10 percent more men claim to have never been dishonest.  However, there is no significant difference between the sexes when it comes to their reasons for lying. The largest gap in reason was only 4%, where more women said that they’ve hidden money so their significant other couldn’t spend it. Below are the results of the survey:

  • 11 percent of men and 12 percent of women said they have avoided telling their spouses about certain spending because of guilt.
  • Hiding debt is also an issue: 12 percent of men and 14 percent of women said they have debts their spouse or partner does not know about.
  • Close to 20 percent of all men and women surveyed said they’ve kept money secrets of some kind so they wouldn’t worry their spouses with the truth.
  • Encouragingly, 50 percent of all men who responded and 40 percent of all women reported that they had never been dishonest about money with their partner or spouse.
  • Just 3 percent of men and 4 percent of women said they had spent money but didn’t feel a duty to tell their spouse.
  • Just 1 percent of men and 5 percent of women admitted they have hidden money from their partner or spouse so they wouldn’t spend it.

So what do these numbers mean? According to says Katie Ross, education and development manager for American Consumer Credit Counseling. “The simple fact that partners, as close as you may think they are, still have secrets that they don’t share with one another. No matter how much you think you know your partner, there is always a level of secrecy that comes with every relationship and spending money; hiding money is part of it,”

“The survey shows a weakness in men and women, both showing an almost equal amount of having debts that are not shared.”

The takeaway is clear, “Honesty is the best policy. Admitting you have financial troubles and or admitting what you are actually spending your money on upfront is best in your relationships with your partner or spouse. Remember, “Life is what you make it.”

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