Financial Infidelity is generally defined as lying to a spouse or significant other about money. It’s more common than you may think.
A 2017 study finds 71% of those asked admitted they’ve done it at least once.
Creditcards.com did another survey and found among those who conceal owning a credit card from their significant other, boomers are four times as likely to be guilty as millennials.
Rachel Cruze is a financial analyst, and daughter of nationally-acclaimed radio financial host Dave Ramsey, and posts videos on You Tube with advice. She says it’s easy to make excuses. Imitating a client, she says, “’Well he spent this money, do I just deserve to go spend this and not tell him.’ The best way to avoid financial infidelity is to be on the same page with your spouse," she counsels.