JUST BECAUSE YOU'RE
COMMITTED TO A PARTNER DOESN'T
NECESSARILY MEAN YOU'RE COMMITD
TO BEING HONEST ABOUT FINANCES.
YOU MAY HAVE GOOD REASON BUT
ACCORDING TO A CREDIT CARDS.COM
SURVEY, 44% OF AMERICANS WHO ARE
MARRIED OR COHAS BEEN TATING IN
A CIVIL PARTNERSHIP ADMIT TO
FINANCIAL INFIDELITY.
YOU'RE CHEATING ON YOUR SPOUSE
BY BEING DECEPTIVE ABOUT YOUR
FINANCES.
SOME PEOPLE CONSIDER THAT
WORSE THAN ACTUALLY PHYSICALLY
CHEATING ON YOUR SPOUSE.
REALLY?
YEAH.
I THINK ALL FORMS OF
INFIDELITY ARE LESS THAN IDEAL.
WHICH IS THE WORST FORM OF
ABSOLUTELY ABUSING YOUR TRUST?
IT MEANS A COUPLE DIFFERENT
THINGS.
A THIRD IS THAT PEOPLE ARE
SPENDING MORE THAN THEIR
SIGNIFICANT OTHER WOULD
TOLERATE.
SO LYING AND HIDING IT.
ALMOST 20% HAVE SOME SORT OF
SECRET ACCOUNT LIKE A CREDIT
CARD THEY DON'T KNOW ABOUT OR A
CHECKING ACCOUNT OR SAVINGS
ACCOUNT.
12% OF PEOPLE SAY THEY HAVE
HIDDEN THEIR DEBT FROM THEIR
SIGNIFICANT OTHER.
I CAN SEE THAT.
THE THING THAT'S INTERESTING TO
ME IS IF YOU HAVE A CREDIT CARD
OR A DIFFERENT ACCOUNT OR
SOMETHING, YOU STILL HAVE TO PAY
FOR IT.
SO WOULDN'T YOUR SPOUSE OR
SIGNIFICANT OTHER BE LIKE,
WHAT'S THIS 300 DOLLAR
WITHDRAWAL FROM THE CHECKING?
I FEEL LIKE IT WOULD COME OUT.
IT MIGHT.
LET ME EXPLAIN HOW YOU HIDE
IT.
YOU HAVE THIS DOWN.
GIVE ME TIPS.
PEOPLE END UP WITH KEEPING
CASH FOR VARIOUS THINGS OR YOU
TAKE OUT MONEY FROM THE ATM AND
THAT BECOMES LIKE, WHAT'S THAT
MONEY.
YOU POCKET THAT AWAY OR
SOMETIMES IT'S DEBT YOU'RE
RACKING UP.
PEOPLE SAY THEY DO IT BECAUSE OF
DIFFERENT REASONS.
SOME MILLENNIALS AT LEAST THE
RESEARCHERS HERE ARE SAYING THEY
ARE SCARRED BY HAVING DIVORCE
FROM THEIR PARENTS SO THEY FEEL
LIKE THEY NEED TO SHIELD AND
PROTECT THEIR OWN FINANCES.
WOMEN ARE TAKING ON MORE OF
THAT ROLL VERSES THE BOOMER
GENERATION.
I CAN SEE HOW THIS MIGHT PLAY
OUT.
IN THE BOOMER GENERATION IT WAS
THE MEN CONTROLLING THE
FINANCES.
NOW WOMEN ARE CONTROLLING MORE
AND WOMEN ARE IN THE WORK FORCE.
WOULDN'T YOU BE HURT IF YOU
FOUND OUT YOUR WIFE HAD A SECRET
CREDIT CARD AND WAS SPENDING
MONEY THAT YOU HAD NO IDEA SHE
WAS SPENDING?
YEAH, HURT IS A GOOD WAY TO
PUT IT.
MORE LIKE WHAT IS THIS BEING
SPENT ON?
I HAVE THE EXTRA ACCOUNT FROM
COLLEGE BACK IN MY 20S.
YOU HAVE A HIDDEN ACCOUNT?
NOT SO MUCH HIDDEN BUT STILL
EXISTS.
THERE'S NOT MUCH IN IT BUT STILL
THERE.
I JUST DIDN'T WANT TO GET RID OF
IT.
WELL, I CAN SEE WHY.
I HAVE A CREDIT CARD AND MY
HUSBAND KNOWS ABOUT IT.
HE DOESN'T CHECK IT BUT
SOMETIMES THERE'S SOMETHING WHEN
I REALLY WANT AND I DON'T WANT
TO ANSWER ANY QUESTIONS OR TALK
ABOUT IT, THIS IS JUST WHAT A
WANT, I PUT IT ON THAT CARD.
I DON'T WANT TO DEAL WITH IT.
I'M NOT SPENDING THOUSANDS OF
DOLLARS BUT.
HE DOESN'T LOOK AT THE
CHECKING ACCOUNT FREQUENTLY I
WOULD ASSUME.
HE LOOKS AT IT ALL THE TIME.
IT'S LITTLE THINGS HERE AND
THERE I SAY YOU KNOW WHAT, THIS
IS MINE.
THAT'S NOT QUITE THE SAME AS
A SECRET ACCOUNT.
RIGHT BUT I CAN SEE HOW THAT
WOULD HAPPEN.
I THINK SOME OF THIS IS
PEOPLE ARE CHEATING.
THIS IS WHY YOU HAVE A SECRET
ACCOUNT.
SO YOU CAN PAY FOR THE HOTEL
ROOM OR THE SECOND THING.
SOME PEOPLE HAVE SECRET
ACCOUNTS BECAUSE THEY'RE AFRAID
OF WHAT COULD HAPPEN IN THEIR
RELATIONSHIP OR.
THEY'RE AFRAID THEIR SPOUSE
IS GOING TO SEND AN EXTRA
BOUQUET OF FLOWERS ON
VALENTINE'S DAY.
YOU MIGHT BE ON TO SOMETHING.
THAT'S WHY IT'S CALLED
FINANCIAL INFIDELITY.
WE COULD GIVE THE PLEASANT
REASONS FOR IT.
WELL, I'M JUST SAYING, ALL I
WANT IS A PAIR OF BOOTS AND NO
ONE TO ASK ME A QUESTION ABOUT
IT
.
SO ONLY BOOTS.
THAT'S WHAT A CHEATER WOULD SAY.
JUST FOR THE BOOTS.