How We Can Help you

Bankruptcy Blog

Library

What Could Secrets About Money Do to Your Marriage?

This is the third and final installment of the series about balancing your budget and your marriage. Keeping secrets during your marriage is never a good idea, especially when it comes to money. If you just got married, start your marriage with an open dialogue about money in which you are not afraid to admit how much you’ve spent or what you’ve spent it on. If you have been married for some time, it is never too late to open up about your spending habits and create a more positive and honest atmosphere.

Secrets Really Could Hurt Someone
In a recent study, nearly one in four people said that being honest about money was more important than being faithful. Despite that statistic, nearly one in three people admitted to lying to their partner about finances and one in four admitted to withholding information about spending habits. Lying to your partner about money may be the quickest path to ending your marriage.

It is important to remember that a lie is a lie, no matter how small. Many people justify lying to their partner because they think it is unimportant or insignificant. While it may indeed be insignificant, it gives us the idea that we can continue lying about small things and maybe even big things. I understand that there is a difference between lying about buying an extra soda and sticking all your overdue notices in a shoe box, but lying is a slippery slope that you would be well-advised to avoid.

If you’ve gotten to the point of lying to your spouse about money, it may be time to look into ways to relieve your debt and your marriage. Debt can take its toll on families—causing people to say and do things they never thought they would. Luckily, there is help available. A chapter 7 bankruptcy can eliminate your debt and allow you to start over. It has saved many folks from divorce. Can it save you too?

Got A Question?

News

FAQs

Videos