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Wednesday, May 7, 2014

Could your spouse be cheating on you – financially?


Have you ever cheated on your spouse – financially? 

A recent study reports that 35% of married people have deceived their partner where money matters. Concealing major purchases, losses and secret transfers all fall into the cheating category and in some cases could ruin your financial future. Here are some signs to watch for from Deborah Price, author of “The Heart of Money:”

• Your spouse gets nervous, defensive or angry when you ask questions about money.

• Your financial statements disappear. You can't find recent bank, credit card, investment and/or loan statements in your filing cabinet or incoming mail.

• There are unexpected cash withdrawals or outgoing transfers on account statements.

• Your spouse encourages you to sign financial documents that you haven't had a chance to review.

• Your partner always seems to have found a great deal on lots of new stuff. 

• Bank account and/or credit card statements show frequent shopping trips. A spouse who shops several times a week might have trouble controlling spending.

Some married people don’t notice or address the problem until it’s too late. If you think your spouse might be financially cheating, it’s a really good idea to seek out professional help in the form of a financial therapist. It could save your financial future – and your marriage. Go to FinancialTherapyAssociation.org.

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