User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


37° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Are You Guilty Of Financial Infidelity?

May 29, 2012, 9:50 PM by Angela Kennecke

Are You Guilty Of Financial Infidelity?
SIOUX FALLS, SD -

You've heard it before.  Disputes over money and how to spend it are one of the hot button issues that can lead to divorce. 

Hiding a debt or spending habit is called financial infidelity and it can break up a marriage as surely as the other kind of cheating.  The issue affects three out of ten marriages. 

Kathryn Swanson owns the clothing boutique Attitudes by Designers in the Park Ridge Galleria.  She's been married for 30 years and understands the conflict money can cause in a marriage. 

"I think it's a huge issue. I think it comes up in every marriage and it's a huge issue," Swanson said.

She also knows many of her customers aren't exactly "honest" with their husbands when it comes to their purchases from her store. 

"I work with so many women and so many people and everybody has a little something they do hide at sometime, men included," Swanson said.

"Whether it's the little blouse you didn't need to get, but it was on the sale rack for $20, but I know my husband doesn't want me to purchase, our budget is limited and so I hide that," marriage and family therapist Ann Marie Rossing said. 

Rossing says the size of the deception doesn't really matter and it can come in all forms from a secret bank account to hiding cash.

"Women are a little more notorious for hiding cash from checking account. They'll go to grocery store overwrite the check for $15 or $20 and squirrel that away. It doesn't sound like much, but that's deception," Rossing said.

But the bigger the deception, the harder it can be for couples to overcome.

"I'm not telling you enough about my background and we get married and find out I've had this affair with gambling and I'm bringing $40-50,000 debt into our relationship. That's a huge betrayal. How do you ever trust someone again?" Rossing said. 

Rossing says it can be done, but not without honesty and commitment to sticking to a budget together.

"The offending partner needs to sit down and put all the cards on the table.  'This is what I owe in credit cards, and these are all my debts.'  Getting all the truth out there, as much hard information as you can in order to clear the table so everything is known," Rossing said.

Rossing says keeping a secret in the marriage is actually harder on the person who is trying to hide something.  Find more information on dealing with financial infidelity online.

Previous Story

Next Story


Comments





Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

First Look At Badlands Pawn

1/20/2015 3:29 PM

Dollar Loan Center owner Chuck Brennan is releasing the first images of the design for Badlands Pawn, Gold & Jewelry.

Full Story
Rock Stars To Celebrate Pawn Shop Ground Breaking

1/23/2015 11:15 AM

Bret Michaels and Lita Ford will perform at the District on Wednesday, Jan. 28 to celebrate the ground breaking of Badlands Pawn.

Full Story
Long John Silver's Building To Become Taco Shop

1/23/2015 4:00 PM

The former Long John Silver's on Minnesota Avenue is going to become a Mexican fast food restaurant.  

Full Story
Keg Chicken Back Open In SF

1/21/2015 9:12 PM

A fried chicken favorite is back in Sioux Falls.

Full Story
City Offers $500,000 For Workforce Ideas

1/21/2015 6:00 PM

The City announced today it's going to be taking applications for the grant money to be awarded to any business or organization that's looking...

Full Story | Watch


Events