Marriage and Family Therapist Ed Coambs, MA, MBA, LMFTA, CSAT-C, CFP, who also specializes in financial therapy, joins us to discuss financial infidelity: What is it? How does it affect a marriage? And what can you do if financial infidelity happens to you?
When we keep financial secrets from our spouse or significant other, we are guilty of financial infidelity. But according to a new study, only 52 percent of individuals believe their significant other is totally honest with them when it comes to money.
Given that 50 percent of marriages end in divorce, and financial issues are the leading cause for separations in the nation, we asked Ed to share some insight with us on what happens when financial infidelity occurs: Are our relationships completely doomed when our spouse makes a purchase without our consent? What if they're earning more than they lead us to believe? We chat about all of this and more - along with how our childhood and emotional money baggage plays a role in our spending and saving habits!
Comments, questions or suggestions for the show? Email us at talkwealthpodcast@gmail.com.
Want to learn more about Ed Coambs? Visit his practice website or check out this blog on financial infidelity from DebtWave Credit Counseling.
To learn more about DebtWave Credit Counseling, visit our website or connect with us on Facebook, Twitter, Instagram, and LinkedIn.
To learn more about the San Diego Financial Literacy Center, visit our website or connect with us on Facebook and Twitter.
