Several marriages have been affected drastically by a lack of financial trust. You will often get that most of these couples decide to merge their finances during their first months of marriage. Still, as time goes by, one may start walking out of the covenant and secretly operating with a personal account. Many people know of marital cheating but fail to understand that one can also cheat financially. From recent research by Talkspace, financial mistrust is going high at a faster rate. The study by Talkspace showed that almost half of the American adult population is facing financial infidelity based on the manner they spend, their secret accounts, and debts. The study also proved that the most affected people are millennials. We fail to understand that hiding our finances and failure to be open to our partners about our finances and spending can have a drastic effect on our marriages.
Even the strongest relationships are affected because of infidelity in financial matters. The moment what seemed to be considered a secret is brought to light, a crucial component of the marriage, trust is affected. Trust is a key component of any relationship, and without it, believe me not, the relationship will be unstable. It may take time, dedication, and a lot of support from professionals, especially councilors and guiding and counseling team, to rebuild trust again. According to Cynthia Catchings, Talkspace therapist, restoring trust does not come on a bed of roses; neither is it something that you will wake up and build on a single day. Once trust is broken, it may take you a lifetime to rebuild. If you hide any vital information from your partner, and by bad luck, your partner realizes what you’ve been hiding from him, there will arise a feeling of betrayal, depression, guilt, and anxiety. This will have a serious impact on our mentality. Several fights in marriages arise from financial mistrust because it takes a lifetime to be financially stable and start saving for retirements. It hurts so much to realize that someone can go against what you’ve been building for years.
From scientific research, worry is one of the major causes of depression. Being unfaithful to your partner results to worry. How? You will be unsettled because of the secrets transactions you making and the impact if s/he notices what you’re hiding. Worrying leads to depression, which has a serious impact on one’s reproductive system, gut, immune, and at times affects sleep. When depression becomes chronic, you are likely to suffer from heart disease and diabetes, resulting in death. Therefore, it is important to embrace financial trust in our partners.
Financial anxiety is another problem caused by financial mistrust. Financial anxiety symptoms include nervousness, increased sweating, a higher pulse rate, and lack of sleep. If these symptoms are not dealt with on time, they may prolong and lead to serious effects. Financial infidelity has caused many fights in marriages and even breakups. Therefore, this is something we do not take for granted.