It’s not uncommon for romantic partners not to talk about finances until they get married. This can work out, but the earlier partners are open about this the better.
For some couples, openness about finances never happens. For others, it comes and then disappears further down the line.
Financial infidelity is one of the leading causes of divorce. What are some of the most common signs that your spouse is hiding money issues from you?
Lack of communication
While spouses should have their own goals and objectives, there should also be shared objectives as a couple. For example, does the couple want to start a family or purchase a new home? Do they want to go on vacation together?
All of these things cost money and they cannot be planned without talking to one another. If your spouse has stopped talking about money completely, it could be a sign that they are hiding money troubles.
Requesting that you sign documents
Married couples may have to sign contracts together. However, it’s important that everyone knows what they are signing up to. If your partner has asked you to sign something without explaining what it is, this could be a problem. They may say something like, “It’s nothing to worry about, it’s all under control”, but the opposite could be the case. They may have taken out a loan, partly or fully in your name, which means you could end up being liable for it, even post-divorce.
These are just some potential signs that your spouse is in financial trouble. You should also look out for any form of secretive behavior or unusual purchases. In situations like this, it doesn’t hurt to look into how you can legally protect yourself and your future.