Spotting Financial Infidelity: Is Your Partner Hiding Money?

Money secrets in a relationship can lead to significant trouble. In order to understand the signs that your partner might be hiding money, you must first understand financial infidelity.

Spotting Financial Infidelity: Is Your Partner Hiding Money?

Understanding Financial Infidelity

Financial infidelity occurs when there’s dishonesty between partners regarding money. This can be caused by deeper issues, like fear or mistrust, whether related to debt or savings. A survey by The National Endowment for Financial Education (NEFE) revealed that 41% of American adults who share finances with their partners admit to financial deceptions. Furthermore, 75% of adults say that financial deceit has affected their relationships.

Identifying Signs of Hidden Money

It’s important to recognize that people may conceal financial secrets to varying degrees. Let’s dive deeper into the list to help identify signs of potential financial infidelity in your partner. Here are the signs to watch for:

Becomes Defensive or Detached

If your partner consistently becomes defensive or avoids discussions about money, it could signal hidden financial matters. While it’s natural to feel frustrated about finances at times, both partners should be able to engage in civilized conversations without heated arguments.

Intercepts Mail or Package Delivery

In today’s digital age, many financial statements are delivered electronically. However, if your partner is adamant about getting to the mailbox first and you haven’t checked it in months, this could be a red flag. Both partners should share the responsibility of checking the mail.

Makes Large Cash Withdrawals Often

Frequent large cash withdrawals can disrupt your monthly budget. In cases of a genuine emergency, both partners should have full access to information about the situation. If this isn’t the case, your partner might be hiding something.

Requires Total Control Over Finances

Maintaining total control over finances, as explained in our previous post “4 of the Best Reasons Married Couples Should Share Finances,” can be problematic. If one partner exclusively manages the finances, the other might remain clueless about household finances in the event of an untimely death or illness. This could be a huge indicator of financial mismanagement.

Regularly Gives Elaborate Gifts

If your partner surprises you with expensive gifts on ordinary days, it might be an attempt to divert attention from financial problems. This can be a sign of financial infidelity.

Purchases Personal Gifts in Excess

When your partner excessively indulges themselves shortly after gifting you expensive items, it might reflect underlying financial issues. Your partner could be using your gifts to alleviate guilt about their own spending.

Consistently Strapped for Cash

This could indicate either good or bad signs. On one hand, your partner might be hoarding money or depositing it in a hidden savings account due to a fear of losing it. On the other hand, they could be broke because they’re spending money on undisclosed expenses.

Struggles with Addictions

Obvious signs of financial dishonesty may include addictions like gambling, drugs, alcohol, or smoking. Less common forms of addiction can include overindulgence in food or excessive shopping. Any addiction has the potential to deplete your finances.

Changes Account Ownership

Pay attention to alerts or notifications suggesting that you’ve been removed from a joint account or credit card by your partner. If you were previously an authorized user and suddenly lost access, contact the bank or credit card company to understand the changes.

Has Repeated Loss in Income

Frequent unexplained decreases in income within the household are a cause for concern. Your partner might use these claims to justify hidden spending. Don’t hesitate to ask questions and assess the credibility of their explanations.

In closing, remember that a harmonious financial relationship is vital. Dishonesty, especially concerning money, can lead to turmoil. If you recognize the signs of financial infidelity, address them promptly. The sooner you identify these signs, the faster you and your partner can work together to rebuild trust and secure your relationship’s future.

Ready to get started on your path to having healthy communication about money? Then grab your Couples Communication Guide here.

Talk Money To Me Honey: The Ultimate Guide to Help Couples Better Communicate About
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