A Kansas State University study found that arguing about money was a dangerous sign in marriage.
Researcher Sonya Britt looked at information gathered from 4,500 couples in a national survey and noted that the earlier the fighting began in the relationship, the more likely it was that the marriage would end over financial disagreements.
Britt found that money, more than sex or any other factor, was the main cause of marriage stressors and ultimately, separation of couples.
But why is it money more than other issues like sex or children or work? Because, Britt found, the effects of money's use or abuse went far deeper than just spending. Financial abuse shows a lack of faith and trust in each other, which causes a further, and deeper, rift.
There was also the factor of who held the power and control in a relationship — and money often dictated this.
To show how rampant financial infidelity is, a new survey of 2,035 U.S. adults by the National Endowment for Financial Education (NEFE) found that one in every three people in the United States have lied or deceived their partners financially.
While three-quarters of those surveyed said that it caused a negative impact on their relationship, one-third said it caused less trust in the relationship, and one-tenth said it ultimately caused their divorce.
Financial infidelity can cause the loss of jobs or a home, ruined credit and can split a family apart. If you have been hiding your financial cheating, let your partner know that things have gotten out of hand and that you need help.
There are financial advisers and credit bureaus that offer free advice on getting yourself out of financial trouble without ruining your credit or filing bankruptcy.
Not only could you destroy your own credit but that of a loved one. Better to be honest now, than have an avalanche of bills and creditors fall down upon you when it’s time to pay the piper.
Your spouse may be angry now but will ultimately appreciate your admission. Your financial health, and your marriage, could depend on it.
The Huffington Post. Divorce.