Financial Infidelity: A Plague of Modern Marriage
http://www.wsj.com/articles/BL-258B-6384
How to Stop Spouses From Cheating on Each Other Financially
http://www.wsj.com/articles/BL-258B-6654
What’s you experience with it? Or would you just rather not know…
I have to read the articles but I wonder how you even do it, at least for salaried workers with direct deposit? We’ve always had 100% joint accounts.
My husband suggested that we not pay taxes on his income. He is paid in cash by his father, for whom he provides caregiving services. His father pays him in cash because he is attempting to hide the transactions. Right now, my husband is walking around with several thousand dollars in his wallet. I don’t know how much money his father actually gives him.
@rosered55 – do I remember right that you are possibly divorcing?? What a way for your spouse to hide his income and not share it… :o
Yes, we are in the process of divorcing. I’m eager for that deposit to be made so that we can pay our very large tax bill!
I’d honestly just be impressed if Mr. R figured out a way to do this. Our main accounts are separate and all the bills are paid out of my account. We also have a joint savings account which he mostly contributes to.
Neither of us ever have cash on us and I despise shopping.
Both of us are frankly just too lazy to do anything where we could hide money like go to the casino or go shopping…
Then you have no record during the divorce proceeding of this income. He may not deposit it all…
That is true. But he has agreed to not seek maintenance (i.e., alimony), and I have no plan to ask him for maintenance. And I keep good records.
We have in the last year or so moved to a financial method that would allow me to hide money if I wanted to. We set some financial goals last year and both agree that I am better with money, so we leave in the joint checking account exactly the amount needed to lay our bills every month. In an account with both of our names, but which only I have practical access to, we keep all the rest of our income until I move it around in furtherance of those goals. I could do whatever I want and he wouldn’t know. He trusts me because I am ridiculously cheap and because the mutual goals were pushed by me.
Articles like this make me appreciate my relationship with my DH more and more…
No, I don’t like it at all. It signifies deeper problem(s) imho.
We have a joint checking with direct deposit. Neither one cheats financially on the other. We have an agreement on how much we can spend without telling the other, which is more than I’d ever just go spend. Back in our pay off debt days we maybe had 10 each we could spend willy nilly.
I’m a saver. I find great comfort in a solid financial plan and bank account. I really don’t want for anything, certainly nothing so expensive I’d feel compelled to hide it. That just seems selfish to me.
How do you your partner cheats? He pays all the bills and I keep my money and pay my share of taxes (I am self employed). We have separate accounts.
We have a joint account with direct deposit of everything from both of us. I pay all the bills; he would have to dig out the book o’passwords and figure out where to log them in, if he wanted to see anything without me knowing. So I know he doesn’t financially cheat (nor do I think he would). And I know I don’t. He trusts me entirely. And he’s right to.
Where’s the line between cheating and not being happy with a partner’s loose spending habits?
We have a joint account, but I also have a separate account for my business. Partly because when I was doing outdoor shows as an artist I couldn’t get any local bank to give me change, but also because it would be a nightmare not to have my business expenses separated. I have a surprising number of clients who pay me cash, so I could hide money if I wanted to. We don’t always see eye to eye about how we spend our money, but we are not so far apart that it’s an issue. I don’t ask permission to buy clothes, he doesn’t ask permission to buy new tools because he can’t find the ones he owns. Currently he’s paying the bills, but I have access to the accounts.
@GMTplus7 I am sure you heard about the husband who spent $21000 on superbowl tickets without telling his wife. http://www.sunnyskyz.com/happy-videos/3880/Guy-Spends-21-000-On-Super-Bowl-Tickets-Doesn-t-Tell-His-Wife
Instead of a Like or Helpful button, there should be a Holy Crap! button.
I hope that dude’s team won.
I hope he has funded his kids’ college accounts. And has a comfortable couch.
That must be a really big doghouse if it can fit a couch inside.