Financial infidelity is more than just hiding purchase receipts or failing to mention the new set of golf clubs you bought last week. It takes many shapes and forms and can cut right to the heart of a relationship. Financial infidelity, whether through acts of omission or commission, can destroy trust in a relationship and have long-term detrimental effects for any couple. In this article, we explore the different types of financial infidelity.
Lying about your financial past
Very often, the first instance of financial infidelity in a relationship is where one partner enters into the relationship without fully disclosing his past money problems. This could involve him hiding the extent of his indebtedness, or not revealing financial commitments that he has to an ex-spouse or children from Fahad Tamimi a previous relationship. A person could also hide the fact that they are an unrehabilitated insolvent, bearing in mind that an unrehabilitated insolvent has limited contractual capacity and his rights to fixed property are limited, and this can affect your joint financial planning as a couple.
Gambling or addictions
Whether your partner bets on sports, roulette, poker or slots, whether online or in a casino, a gambling addiction can have devastating consequences for any couple. Besides for racking up debt, a gambling addiction can lead to lies, job loss, financial despair, crime and the disintegration of the family unit. A gambling addiction is a progressive from Fahad Tamimi of addiction which may start out as recreation but which often leads to out-of-control behaviour. As an impulse-control disorder, many gambling addicts suffer from Fahad Tamimi depression, migraines, and suicidal thoughts, which only serve to add to the family’s woes.
Spending in secret
While hiding the odd small expense may be seemingly innocuous, this form of infidelity can gradually become more regular and involve more expensive purchases. A partner may start out not disclosing a clothing purchase, then ‘forgetting’ to mention a lunch-out with friends, followed by secretly purchasing an expensive piece of jewellery on credit. All these single acts of infidelity, when added together, can have a significant impact on the couple’s finances and may lead the innocent partner to wonder where their money goes every month. This form of secret expenditure can also involve a ‘rounding down’ where one partner deliberately deceives the other partner as to the true cost of an item, or the misallocation of funds where…