Investopedia

Continue to Site »

Financial Infidelity

Filed Under »
Dictionary Says

Definition of 'Financial Infidelity'

Financial infidelity occurs when couples with combined finances lie to each other about money. For example, one partner may hide significant debts in a separate account while the other partner is unaware. Another common example is when one partner makes large discretionary expenditures without discussing the matter with their partner.
Investopedia Says

Investopedia explains 'Financial Infidelity'

Money can be a big point of contention among couples, so it is important for each partner to be open about his or her financial situation, expenditures and attitudes toward money. A good idea is to go over both partners' financial pictures before combining finances. Also, setting up a mutually agreeable system for handling expenditures can help avoid many fights down the line. For instance, many couples set up an allowance system, which allows each partner to spend a set amount each month without have to consult the other. This allows for partners to maintain part of their financial independence while still working toward mutual financial goals.

Articles Of Interest

  1.

    Become A Certified Financial Divorce Analyst

    Use your financial knowledge to help people preserve their financial integrity after a failed marriage.

  2. Get Through Divorce With Your Finances Intact

    Find out how to split your finances without coming up short.

  3. Getting A Divorce? Understand the Rules Of Dividing Plan Assets

    Learn how different rules of asset handling apply to various retirement plans.

  4. Marriage, Divorce And The Dotted Line

    Does signing a prenuptial agreement put your marriage on shaky ground, or is it just smart planning?

  5. Create A Pain-Free Postnuptial Agreement

    This marital contract can underline your love for each other - not undermine it.

  6. You Can't Live On Love

    If your head is in the clouds, check out this down-to-earth financial advice for couples.

  7. Combining Credit For A Happy Financial-Ever-After

    A couple's finances may not always be a match made in heaven. Find out when to say "I Do".

  8. 5 Things To Consider Before Late-In-Life Marriage

    Waiting to marry has become the norm, but do you know what to consider before saying "I do"?

  9. To Invest Or To Reduce Debt, That's The Question

    Find out how you can make use of that excess cash and improve your financial situation.

  10. Marriage: For Richer Or Poorer?

    Marriage can be like doubling an income, as long as you avoid doubling these expenses.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  2. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  3. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  4. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  5. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  6. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.
Trading Center