The 9 Signs of Financial Infidelity
Irreconcilable break-ups between couples happen when one party gets involved with another person romantically. A partner's infidelity will be considered as a strong ground to break up a conjugal relationship between spouses. There are break-ups that don't involve third parties. There are those that involve finances. Without you knowing it, your partner may be hiding certain finances that you ought to know about.
No Third Parties Necessary
Financial infidelity can happen in every relationship. It may start out small and there are instances where the other party may not be aware that they are guilty of it. This type of infidelity can be used against you and will lead to a destruction of the basic foundations that you have with the person you chose to be your lifetime partner.
Credit Card Purchases
One type of financial infidelity arises out of credit cards. You'll have to carefully review the contents of each monthly statement. If you see charges for flowers, lingerie, jewelries or gifts that you personally didn't receive, then that means your partner is hiding something.
Undeclared Cash Withdrawals
There are couples that have joint bank accounts. Each partner can withdraw an amount anytime and as a sign of respect to your partner, you have to disclose withdrawals that you make and where you used them. So if you discover a withdrawal which is undeclared or unauthorized, no matter how small or how big the amount, you have to start investigating.
Check the Account Number
You must also remember your bank account number. It's not important that you memorize all the numbers; all you have to do is make sure that you are familiar with the numbers that's on it. So when you see a deposit slip or a bank statement of a different bank account, then you'll know that there's another bank account, which only has the name of your partner and not yours. Why do you think it exists? Your guess is as good as mine. Call the bank’s toll-free number right away!
Check Liquidated Assets
Make sure you have an idea regarding where the family assets are situated. Assets can come in the form of stocks, bonds, collections, artwork, properties or jewelries. When your partner suddenly liquidates them to finance something that they have not declared, then you have to start asking questions. Make sure you get a plausible explanation.
Check the Paycheck
Salaries don't remain the same in the span of 5 years. On a yearly basis, companies provide raises, bonuses and extra payment for overtime work. If your partner brings home the same amount of money as it was five years ago, start hiring a detective and I'm sure, you'll discover something interesting.
Revelations in Tax Returns
Spending a vacation can be very relaxing and at the same time lead to income tax returns make sure that you check the income tax returns of your spouse for vacations that they never mentioned. It will definitely contain some travel-related deductions that will require some explanation.
Some families withdraw a specific amount on a weekly basis just to cover the week's budget. You have to know the number of times that withdrawals take place. Get a hold of your bank's statement and find out if the withdrawals that are reflected there match the number of times that you know a withdrawal should take place. If not, let him or her know that you are aware of it so that they can open up and explain them.
Consistency of Disposable Income
There's always a certain amount that the family needs in order to buy the weekly essentials. When this disposable income declines, you have to start investigating and find the root of the issue.
Audit Financial Records
You don't have to be a good accountant to learn to examine your spouse's financial records, cancelled checks, the receipts in his or her pocket or other documents. Find out if those figures that you see there match your family's activities. If new records or receipts show that your partner is paying for someone else's bill, then get ready for a long discussion of this.
Financial infidelity doesn't always point to a third party involvement. It may mean that your partner used the money for something else, which he/she failed to disclose. You have to know their reasons and you have to evaluate if the explanation that they give out is acceptable or not.