When we hear women talk about how they bought an expensive pair of shoes and hid the purchase from their husbands, we don’t even flinch. Often, we just laugh about it. According to a poll conducted by TODAY.com and SELF magazine on financial infidelity, women are twice as likely to lie about financial matters as men. It seems we are able to justify or rationalize such petty deceits. Lying to your partner when the purchases are petty may just be a means to avoid a little spat. But when they are heftier expenses, it is more an act of betrayal. Many would consider it as morally wrong as sexual infidelity. Once you lie, some unspoken moral pact is broken and your relationship is threatened.
SHARED EXPENSES AND THE LIES WE TELL Most couples combine their finances, and one in three Americans admits to lying to their spouses about money. Another third have been deceived according to a survey by Forbes. The majority of people lied about hiding small amounts of cash, minor purchases, or a credit card bill. CESI Debt Solutions carried out a survey that broke down the not-so-grand expenses most couples kept secret from each other: