Here are 5 money mistakes that can destroy a marriage.
However, some trouble starts early — especially when it comes to money.according to a study by SunTrust Bank. The research found that 35 percent of people named money as the primary trouble spot with their partner.managing partner of Berkman Bottger Newman & Rodd
It may seem harmless at first, but keeping a savings account or stash of cash hidden from your partner can be your downfall, once your significant other catches on.Still, most people are guilty to some extent. In 2 out of every 5 couples,, according to a 2018 survey by the National Endowment for Financial Education. In addition, 75 percent of those surveyed said financial deception has adversely affected their relationships.
“This happens more when one person earns more than the other,” Newman said. “The earner resents the spender, that’s your stereotypical cliche.” In this case, it may help to consult a financial advisor or money coach to weigh in and come up with a budget that works for your family.In extreme situations, disputes over money are a battle for power, which is more often the case in very traditional household situations, Newman said., with men generally taking the lead on finances. If the other person is left purposefully in the dark and uncomfortable with that, it’s a problem, she said.
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