Financial Infidelity: A Threat to Relationships
Financial secrets can have a devastating impact on relationships, as they can lead to feelings of betrayal and mistrust. Experts emphasize the importance of identifying the signs of financial infidelity, understanding its causes, and working towards restoring trust.
A common scenario where financial infidelity can come to light is when couples are applying for a mortgage together. For instance, if a credit check reveals unexpected outstanding debt, it can be a significant transgression in terms of trust, according to Bruce Sellery, CEO of Credit Canada.
“That meant their dreams of buying this house cratered immediately,” said Bruce Sellery. “It was a massive transgression in terms of trust.
Restoring trust after financial infidelity requires effort and commitment from both partners. Experts recommend open communication, transparency, and a willingness to work together to rebuild trust.
Author's summary: Financial secrets can hurt relationships, but trust can be restored.