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Financial Infidelity


Get yer filthy paws awf my moneys!

The other day I came across an article about “financial infidelity”. Wikipedia defines financial infidelity as “a term used to describe the secretive act of spending money, possessing credit and credit cards, holding secret accounts or stashes of money, borrowing money, or otherwise incurring debt unknown to one’s spouse, partner, or significant other. Adding to the monetary strain commonly associated with financial infidelity in a relationship is a subsequent loss of intimacy and trust in the relationship.”

Basically, according to the Internets, married people are cheating on each other with money.


Within a week of our moving in together, Mike had added my name to his checking account and I’d closed mine out and deposited all of my funds into his account. Now, I wouldn’t recommend this to all couples, in some situations that could be a really stupid thing to do. But in our case it made sense. For one thing, I had excellent credit and a knack for data entry, while Mike made lots of money that he never took to the bank. He used to get all his bills in red envelopes, not because he couldn’t afford to pay them but because he never had money in the bank. Instead, all his money was scattered across the kitchen table, shoved into cracks in the walls to keep out drafts, tucked into books like so many bookmarks, and wadded up in the dryer lint catcher. It drove me crazy. So when we agreed to move in together, we agreed to a joint bank account so that I could manage our finances. And manage them I did! Every night when Mike came home from work he would put all his cash in a cigar box we kept next to the bed. Every morning I would deposit his cigar box cash at the bank. I paid all our bills, balanced the checkbook, and watched our budget.  By the time we married we had zero debt and a nice little nest egg. Then we moved to New York and blew it all. Then we paid down our debt again, built another nice little nest egg, and moved back to California.

The value of a man who, without complaint, hands over his paycheck every week, is not lost on me. I know how lucky I am to have a partner who is so careful of his spending, so sincere in his desire to help me build the future we want for ourselves. It’s a blessing to know that we have the same goals in mind and that we’re both doing the best we can to meet them. Which is why the thought of financial infidelity is so absolutely horrifying. Aside from death or actual infidelity, I can’t imagine many things more terrifying than discovering that my husband has secret credit card debt. Or secret gambling debt. Or secret anything.

I thought about this when I read the article, then I googled “financial infidelity” and found 809,000 more articles, and with each word I read I climbed higher and higher on my money-management pedestal. Patted myself on the back and told myself how superior we are because we would never lie to each other about money. We’re better than that. And then I remembered the parking ticket.

If I get a parking ticket and send the check off and don’t say anything to Mike about that $55 – is that financial infidelity? What if I go shopping and tell him I only spent $100, but I actually spent $350? Or like, we each have a budgeted personal allowance of $80 a month and Mike never spends that much, he hardly ever spends more than forty bucks, but I sometimes spend three times my allotted amount and I’ve never told him (until now.) I just let him think I stay within my budget because I don’t want him to get mad and it’s not like he ever looks at our budget sheets, because he totally trusts me to take care of it – so am I cheating on my spouse with money?


What do you think? About all of this, I mean, not just whether or not I’m cheating on my husband’s bank account. How do you handle money with your partner? Not that that is any of my business, no siree. Oooh, touchy subject, this is. Money! Scary stuff, I know. But I’m curious. What do you think?

Wet Hot Saturday Night

In honor of the New Year, Mike and I spent last Saturday night going over our financial records, making a budget, and figuring out how to climb out of the debts of despair. While you may not think a financial meeting is a good way to spend a Saturday night, for us it was much hotter than a night on the town. All right, neither of us really enjoys nights on the town, we’d both rather stay in and watch a Law & Order marathon, I’ll admit it. If we’re feeling really crazy we’ll pick up two different pints of Ben & Jerry’s and swap flavors back and forth until both cartons are empty.

Whenever people tell me about how much their social lives changed when they had kids, I feel a sense of relief because it’s one less thing to worry about. We love not having social lives.

Where was I? Right. The New Year. Climbing out of debt. Thanks to Saturday’s meeting, we now have a Pay Our Debt plan and are fairly confident that by December 31, 2010 we will be credit card debt free. We also have a budget that includes weekly allowances, bi-monthly dates and ice cream.

Is that not the most exciting thing you’ve heard in weeks? Are you jealous? It’s ok if you are, I’m not weirded out. Because here’s the thing: When we moved to New York City three years ago, we had just spent the last year and half busting our asses to pay off all of our pre-marriage credit card debt. You read that right. When we moved to the City, we were credit card debt free. (I specify “credit card debt” because we were still carrying my student loans, loans that I am scheduled to pay until I am one hundred-three years old, and since they are an expense my great-grandchildren will inherit, they don’t count.) To be once again saddled with debt feels like a giant step backwards. We want to be taking steps forward, not backward. It’s about progress, people.

We love our financial meetings. They give us hope. We’ve been having financial meetings since our engagement in July of 2005 and they have always been a way for us to connect and remind one another that we have the same goals in mind. Having the same goals reminds us that we’re part of a team and being a part of team makes the wild ride of life a lot more fun.

If I had to explain why it is that a Saturday night of financial planning with my husband is something I find irresistibly sexy, I’d say it’s because it gives me a sense of safety. That my husband and I are taking equal measures to take care of one another, to plan for the other’s future, to plan for our future family, makes me feel taken care of. It makes me feel like I’m married to someone who wants to see me happy and fulfilled, a man who cares about my best interests in addition to his own. And that is incredibly sexy. Also, I have a thing for data entry.