40 Force: Credit Check – Financial Infidelity
SPRINGFIELD, Mass. (WGGB) — All sorts of things can affect our finances – from making our payments on time to not making payments at all.
Even a spouse can change your credit score, for better or worse.
According to a recent online poll from Forbes, nearly one in three American’s with combined finances admitted to lying to their spouses about money – or put another way, husbands and wives don’t always communicate about their spending habits.
“[Have you ever made a purchase and not told your significant other?] No, no. I really always tell him. Hahahaha. That’s questionable. That’s questionable,” says Kristen and Susan Heideman of Westfield.
In fact, the survey indicates 58 percent of us hide cash from our spouse. Thirty percent of us hide a bill or two, and 16 percent hide a purchase – a major purchase.
“Oh absolutely. Yes. We both have. [You made purchases and not told your spouse?] Yes. [Major purchases?] No. Just minor ones. Small ones, ” says Fran Kokonowski of East Longmeadow.
And she’s in good company. Because for those small ones, a whopping 54 percent of us say ‘yup’, we hide minor purchases from our spouse as well.
Now to be clear, having a little mad money of your own isn’t a bad thing and a responsible splurge every once in a while can actually be good for a relationship.
But the trouble comes in when the deception turns harmful…and the secret spending negatively impacts your credit.