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Is there much difference between comments like, “Oh, I didn’t spend that much on your gifts,” and “My trip to the salon only cost $100” (when it was really $300)? While the intent behind spending a little extra on gifts to make your partner happy and lying by omission about a purchase to avoid a money fight are different, the half-truths still result in the same thing: Not being honest about expenses. And secret spending, in any, way, shape, or form, could tank your marriage and lead to divorce.
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Money Lies and the Demise of Marriage
Financial infidelity is real, and for some couples it can be much harder to overcome than any sort of physical infidelity. Skeptical? In a LendEDU survey about relationships and personal finance, 32.25 percent of the people surveyed said honesty about personal finance is more important than honesty about fidelity. Yikes.
How rampant is all this underhandedness about dollars and cents? A 2016 Harris Poll conducted for the National Endowment for Financial Education found that over four in 10 adults in the United States report purposely deceiving their partners when it comes to household financial matters. Even worse, 75 percent of respondents said that these deceptions negatively impacted their relationship.
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How Money Makes You Feel
If you are in a marriage where one person is perfectly happy taking over the reins for bills and expenses, it can be hard to say no. However, that doesn’t mean you should turn a blind eye to what money is coming in and going out. Communicating about finances and being transparent about spending is essential to a healthy relationship.
The good news discovered in the LendEDU survey is that even if someone’s significant other had major financial problems like credit card debt or bankruptcy, nearly 95 percent of people would stay in the relationship (nice to know gold digging isn’t rampant). That would lead us to believe that it’s the emotional element of financial infidelity that is far more painful than the monetary infidelity.
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The Danger of Money Secrets
While prenups have never been looked upon all that favorably in modern culture, they perhaps deserve a second glance for their ability to prompt financial fidelity. There are no secrets with prenups – everything is out on the table when it comes to assets. And talking about the big-ticket items opens up the door to discuss all financial matters in your relationship, both small and large. This can only be beneficial to a union, even when you and your partner don’t see eye-to-eye.
Truth is a cornerstone of a healthy marriage. And even though higher-income relationships were less stressed by money issues, according to LendEDU, these relationships were also more likely to be party to deception, like a secret credit card or bank account.
Regardless of what economic tier you find yourself on, and whether or not finances are at the root of your marriage problems, if you need advice about getting a Michigan divorce, make an appointment with an experienced Michigan divorce attorney at Michigan Divorce Help in Mt. Clemens, MI, to schedule your no-cost initial interview.
Most lawyers are in a general practice and do some of everything. One of our main focuses is on Family law and being expert at divorce, custody and support matters.
We are in court daily, working with the family court judges, their staff and clerks, the Friend of the Court office, the Bar Association and other attorneys working in this area. We pride ourselves on fighting hard for our clients while working well with everyone.
Our extensive experience and strong relationship with the courts and our peers leads many judges and attorneys to hire us to act as Mediators in other Family Law cases. Make no mistake; having a strong working relationship with the court can have a massive impact on your case. Unlike most attorneys, we have no fear of the court room and are in trial regularly against the best in the business. We see the judges every week and maintain strong ties with their staff.
Although every attorney can “handle” your case, Michigan Divorce Help cares about you and your family. We work extremely hard to keep this difficult process civil and to shelter your children from as much of the negative facets as possible.
Once your case is concluded, we will be there to help you with any post-judgment problems that may arise.
Everyone’s financial situation is different and we work with our clients to formulate a fee arrangement that works within your means.
We have handled every possible situation involving domestic law. We will do everything possible to wrap up your case in a timely manner, avoiding delays that cause unnecessary legal fees.
When your case cannot be easily solved, we will fight hard and use all of our resources to win. Unlike most attorneys, we have no fear of the court room and we regularly win cases against the best in the business at trial.
Unlike many attorneys who have a part-time typist and work 30 hours a week, we have an expert staff available all day long to assist you and provide immediate service.
At Michigan Divorce Help, your case will be handled by an experienced family law attorney. Each of our attorneys in our family law division has many years of experience in handling family law matters.
During traditional business hours, please call us at: (586) 954-9500
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The information presented within this website is for general information purposes and is NOT and should not be considered as being “legal advice”. You should not act on any information presented herein without the verifying same with your attorney.