As a young couple, you are learning what it takes to be married and manage your finances together. This means managing a household budget and communicating with each other how and why you can save money. But, as we all know, it is never that simple, is it. Whether it’s a result of marital problems, not making enough money, or simply different opinions on where you spend your money, arguments about money come up. Issues will come up – it’s how you handle them that matters.
In a recent article in the wall street journal, it was reported that it is even more difficult to hide money from your spouse. The author of the article suggested that with the heavy reliance on technology, it has become even easier to find your partner’s hidden funds. She writes,
“Instead of having to sift through reams of paper records to find irregularities, they’re now able to use advanced search tools to analyze thousands of digital bank statements, credit-card bills and other files in the blink of an eye.”
It’s amazing to me to hear about how easy it has become to find out anything through the internet. But, that isn’t the issue. The question for me is whether you should hide money from your spouse in the first place. According to this article’s information, 58% of people in a survey answered that they hid from their spouse or partner. Say, what?! That means that if you have a spouse or partner, odds are more likely that they are keeping money hidden from you. Whether it’s for their own protection in case you separate or for some other hidden agenda, it’s hard to say. It seems to suggest that there is a problem in paradise.
While I still have an account at the bank account that I grew up with, my wife definitely knows about it. It doesn’t have much money in it, but it is an easy way for my parents to transfer money to us. This means that on birthdays or holidays, they can transfer money directly into my account and not have to worry about money being stolen in the mail. I can’t ever image hiding money from my wife because we understand that we share everything. Both of us work right now and so we understand that it takes both of us to survive financially. There are never any feelings of “This is my money,” or “This is yours…”
Because I can’t imagine the situation where hiding money from your spouse is okay, I’m curious to know what you think. Is it okay to hide money from your spouse? Or does hiding money from your spouse indicate marital problems?