Credit card spending: intentional omission cited in divorces
Let’s face it; most real world spouses don’t share that much detail about their day, but is there a difference between unintentional omissions and small, but intentional fibs? For instance, not every couple sits down and reviews credit card statements. That’s fair, but a recent study found that intentionally keeping purchases, even small ones, from the other spouse is a factor cited in one in ten divorces or separations.
The report was published by the online price comparison site called Moneysupermarket.com. Researchers asked 1,000 men and women about their credit card spending and sharing habits. When asked why, 35 percent knew that a certain purchase would not be one that the other spouse would approve of. Another 36 responded that they knew their spouse would actually be angry to learn that the other had swiped the credit card for that purchase.
According to the surveys, women were more likely than men to commit this little indiscretion. Although women were 60 percent more likely to commit a little financial infidelity, men were more likely to do it on a larger scale. Survey responses showed that men were more likely to hide expensive items or expenditures than women.
Financial issues are one of the most commonly cited reasons for a turn in a relationship. Whether it is lying about purchases, bad spending habits or even tough financial times, disagreements over money was found to be a top predictor of divorce in a Kansas State University study in 2013.
Although money can lead to dissolution, property division during an Oklahoma divorce is important and requires experienced attention, whether there is a lot or a little to be divided.
