Is Your Spouse Financially Cheating on You?
It used to be all a girl had to worry about was whether or not her man was cheating on her with his secretary. Times have changed! it’s no longer searching for lipstick stains, but searching through bank account statements. According to the National Foundation for Credit Counseling, 24% of participants in a recent study would not share their financial difficulties with their spouse. Why is hiding financial hardship so popular? Do you know if your spouse is financially cheating on you?
There has always been a stigma attached to those who are not financially responsible. You never want to run around telling the neighbors that your house is in foreclosure or that your car is about to be repossessed, but what about your spouse? Shouldn’t they be privileged to the information regarding their standard of living? This phenomenon is not an issue only pertaining to married couples either. A friend of mine was dating a really nice guy, but by the second month she couldn’t take it anymore. Every time they went on a date he would take her to a fancy restaurant, then proceed to order the cheapest item off of the menu. If you have ever eaten at an expensive restaurant, you know the look you get from a server if all you order is a side salad and a water. When he ordered something cheap, she felt obligated to do so as well. There they were at a beautiful highly publicized restaurant eating a cup of soup, and drinking water. Meanwhile diners all around them were enjoying filet mignon, and sipping red wine. Spouse financially cheating is something that should be avoided so both of you can be working on correcting your finances together.
Spouse Financially Cheating on You could be Your Love$ Secret
She couldn’t understand why he was taking her to these types of restaurants if he couldn’t afford it. Finally he broke down one day while they were out, and confessed to her that he made less than she did. She was astonished at how little he made, being that he was able to pay rent at an expensive complex, pay student loans, and take her out every other night. The truth was he couldn’t afford it, and was racking up credit card debt. Out of the 24% surveyed in the study, 8% said they wouldn’t share the debt with their spouse because the spouse didn’t know about the debt when they entered into the relationship. Seven percent of those surveyed said they kept their debt a secret, because they felt it would damage the relationship. Nine percent of those who said they would keep their debt a secret, because they wouldn’t want the other to worry about it. Spouse financially cheating does not mean they are purposfully hurting you but most likly just too embarrased to come clean.
Spouse Financially Cheating – Payday Loans can help if used responsibly
Using a credit card or online payday loan to pretend you have money isn’t a good idea in the long run. Eventually you will run out of credit, and the truth will come out. Don’t get caught in a debt cycle. Just be up front and honest about your financial situation. There are instances where cash loans can come to your rescue, but these short-term loans should be used a temporary solution to an emergency financial situation. If you didn’t budget for an important date, but need the cash last minute you could take out a cash advance online, but be sure to pay it back with your next paycheck. There are fees and interest associated with online payday loans, just like there are with credit cards.