(WBBM NEWSRADIO) -- There's more to infidelity than cheating on your spouse or partner with another person. Hiding major purchases, debts, and income from a partner are forms of financial infidelity.
Fiduciary financial planner Chris Everett, president of Everett Wealth Solutions in Forest Park, tells the Noon Business Hour that the potential betrayal cuts across the income spectrum.
“Money tends to be an easy way to derail a marriage,” Everett said. “So, honesty is always the best policy.”
She said some couples may have a hard time getting used to the idea of joint bank accounts and credit cards, but it's better in the long run.
“If you’ve made a forever decision, you tend to blend everything,” Everett said of financial accounts. “If you’re still trying to figure it out, sometimes they leave them separated. That’s an issue, especially when you consider the divorce rate in our country.”
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