Paul and Bethany are talking with Financial Planner Kimberly Foss from Empyrion Wealth Management about how to handle money in relationships. Often times people in relationships find themselves hiding their spending habits from their significant others. Financial infidelity is increasing. Thirty-three percent of adults surveyed last year say they'd hidden a purchase, bank statement, or even cash from their partner (The National Endowment For Financial Education). Foss has some tips on how to avoid Financial infidelity in relationships potentially saving your relationship.
- Communicate expectations, be prepared for a "no"
- Be transparent
- Discuss the bigger issue