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Are finances driving you and your spouse apart?

Issues in a marriage can manifest themselves in several forms. It is not unusual for there to be some element of secrecy inherent in these problems. For some Texas couples, it can be an extramarital affair. For other couples, it can be financial dishonesty. Money is a significant stressor in many relationships. Spouses may not agree about how best to allocate funds, where to invest or how much to spend on non-necessities.

Sometimes this can drive couples in Texas apart or to dishonest measures. One woman reports that prior to her divorce, her husband made several extravagant purchases behind her back. Following the divorce, she was left with an unexpected amount of debt and forced into bankruptcy.

One expert says, "Financial infidelity can certainly damage a relationship beyond repair...just like sexual infidelity." For an overwhelming majority of both men and women, financial transparency is as important as remaining faithful. So how often does financial deception in a marriage occur?

According to a combination of two polls surveying 23,320 individuals, it is reported that 32 percent of women report hiding purchases from their spouse while 17 percent of men admit to similarly hiding purchases. However, there is a difference between not being forthcoming about purchasing an occasional indulgence and purchasing a new car.

The underlying issue in financial secrecy is a lack of trust or honesty that can be indicative of deeper problems. If an individual in the Houston area or elsewhere in Texas finds that their spouse has been financially dishonest and would like to proceed with a divorce, it will be important to make sure that all funds and assets are accurately accounted for and in order to achieve an equitable distribution of all assets and debts.

Source: The Tennessean, "Hiding expenses could signal deeper issues," Jere Downs, Jan. 2, 2013

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