This is an age-old question that is sure to spark debate. “How much should I tell my partner about my financial situation?”
Personal finance guru Suze Orman insists the answer is absolutely everything. If not, you may be guilty of “financial infidelity.”
The 72-year-old media personality warns that an increase in partners lying to each other about their spending habits is leading to divorce, with women often paying the price.
Orman, host of the podcast Ohman Women and Money, told DailyMail.com that “financial infidelity is just as bad as personal infidelity.”
“And in my opinion, there are more and more such situations, because more and more women are becoming the main breadwinners. And the husbands can't stand it and are going into hiding more and more. .
Personal finance guru Suze Orman says an increase in partners lying to each other about their spending habits is leading to divorce, with women often paying the price. claim that
“I recently received an email from a woman who said her husband withdrew $18,000 from a joint account to give to his adult children from another marriage.
“They don't have enough money to pay their bills. They have credit card debt. That was all the money they had, but he didn't think he did that.” I never meant to tell her that.”
A recent study by Bankrate found that 42% of American adults hide financial secrets from their significant other.
This is despite the fact that more than a quarter of guilty people believe that revealing financial secrets to a lover is just as bad as a physical affair.
Orman said one of the worst cases he has ever seen involved a man who pretended to go to work every day, but was actually unemployed and living on a family trust fund. said that his wife found out.
She added: “Years ago, it was men who would write me letters saying, 'My wife is hiding all her credit card debt from me.'
“But 40 years later, women have advanced economically and vice versa.
“If you're in a relationship where one person has all the power and is making all the financial decisions, you're headed for divorce faster than you can even tell.”
A recent study by Bankrate found that 42% of American adults hide financial secrets from their significant other.
According to a 2022 study by market research firm Harris Poll, about 15% of currently engaged couples have had premarital sex, up from 3% in 2010.
Orman recommends that women always sign a prenuptial agreement, regardless of their income.
According to a 2022 study by market research firm Harris Poll, about 15% of currently engaged couples have had premarital sex, up from 3% in 2010.
But Orman argues that this is still not enough. She argues that all women should sign, and that she should avoid signing “on the way to the chapel.”
And her advice to women already on the brink of divorce: “Hire a good lawyer.”
She said, “So many women say they don't want to get into a big fight. But they should – they should receive everything in a legal divorce.''
“And if they're considering whether they want to keep their home in the settlement, shouldn't they think carefully about whether they can afford the home?” Can you afford the terms?
“I often tell women, depending on the situation, to take the money and go rent somewhere. Start fresh.
