Valentine's Day Quick Tip: Financial infidelity

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Wednesday, February 12, 2020
Valentine's Day Quick Tip: Financial infidelity
Love is in the air, and so is secret spending. Consumer investigator Jason Knowles on the negative effects of financial infidelity.

This is the month of love, of course Valentine's Day in February. We have a quick tip about financial infidelity.

Yes, that is a real thing. According to CreditCards.com, more than a quarter of people think that financial infidelity is worse than physical infidelity. And 34 percent of people say they spend more than their partner, spouse or loved one really knows that they spend.

Get this, 15 percent of people say they have a secret account. If you think this can't be harmful, you're probably wrong.

According to many studies, this really hurts the long-term future, the trust and any long-term financial goals you have as a couple.