Show Me the Money: Couples’ Turmoil Over Hidden Finances
One of the most important things that couples value in their relationship is trust. No one enjoys having secrets in a relationship. The only thing it does is create an uncomfortable situation where you are always skeptical of each other’s words and actions. And of the factors that create this type of environment is money.
A survey by CreditCards.com found that 44% of people in a relationship have admitted to keeping secret finances from their partner. They either have hidden bank accounts, credit cards, or loans.
What the study also pointed out is that it is perfectly fine to have separate accounts, but it is when these accounts are kept secret that causes the problem. According to the survey, respondents had different reasons for their secret finances, with 36% saying they needed privacy, 27% saying that the matter was never discussed, and 26% reasoning that they feel embarrassed because they believe that they have poor skills in handling finances.
With many believing that financial issues are very serious and would consider this as a reason to end a relationship, there needs to be a common ground and a clear understanding of each other. Knowing where you both stand as you move forward with your lives is very important. It helps to discuss plans, what you want to do and where you want to go. Just being on the same page and setting expectations can be very helpful in avoiding conflict.
Relationships only work when there is honesty. It is supposed to be a space to be open with someone and to have them open up to you. So the more secrets you keep from each other, no matter how little or irrelevant you think that may be, it will ultimately lead to more trouble in the future. Do not make it a habit to conceal things that you might not be comfortable with, but choose to discuss it and find ways to handle difficult obstacles together.
Wanting to have your parameters when you’re in a committed relationship is not a bad thing. But it shouldn’t reach a point wherein you feel like you have to hide, especially when it’s something as delicate as money matters.
Being more open with what is going on with each other’s lives also helps build the relationship, and knowing that it’s being there for each other even in difficult times that matters. No amount of money will ever be worth jeopardizing your relationship.
Money comes and goes, but the best people are hard to come by, and you don’t want to wake up one day and realize that you just let go of something special because of your uncertainties. Trust in the relationship, if it is real, it will last. It will be worth every penny lost and gained.
More in Love Life
Opinion: The Worst Charities in America
Charitable organizations are vital in addressing societal issues, supporting communities, and aiding those in need. However, not all charities operate with...July 28, 2023
The Flu & Pandemics: Surprising Little-Known Facts
Historically speaking, the world has been hit by numerous pandemics and flu outbreaks with disastrous consequences. In our lifetime, the pandemic has...July 13, 2023
How to Spot Health Scams
The wellness industry has grown tremendously in recent years as people increasingly seek ways to improve their health and well-being. While...July 5, 2023
Teaching Kids a Holistic Wellness Lifestyle: A Teacher’s Perspective
We all know that teachers play a crucial role in shaping the lives of children. They are not just responsible for...June 27, 2023
Inside Sofia Richie and Elliot Grainge’s Wedding
Sofia Richie is a name that is synonymous with fashion, beauty, and glamour. As the daughter of Lionel Richie and sister...June 25, 2023
The Ultimate Airbnbs for Kids
Traveling with kids can be both exciting and challenging. Finding child-friendly accommodations to make your stay more comfortable and stress-free is...June 16, 2023
Common Health Insurance Plans: Types & Their Benefits
Health insurance is a critical aspect of financial planning. And it is important to understand the different plan types available. This...June 6, 2023
Unique Self Care & Wellness Gifts
Looking for a special treat to show that you care? If you’re searching for thoughtful gifts that help promote wellness, we’ve...May 30, 2023
The Subtle Art Of Using Mind-Wandering to Boost Creativity & Mental Health
Mind-Wandering: What is it Actually? Daydreaming, also known as mind-wandering or fantasy, is the practice of allowing one’s mind to drift...May 22, 2023