As if being cheated on by your spouse was not enough, being financially cheated by them is both mentally and financially taxing. It is also one of the major reasons for a divorce. And this unpleasant phenomenon is called financial infidelity.

Even though one rarely knows about it until one gets married (not anymore though, now that you are reading this), financial infidelity is quite common among married couples, which includes your better half concealing assets, debt obligations or conducting transactions behind your back that could have a major impact on your financial well-being as a unit.

What Qualifies As Financial Infidelity?

Financial infidelity can be of various degrees. These degrees can range from being harmless to causing divorces depending on what the offense is. Here is a list of some of those offenses:

• Hiding a purchase, either major or minor, from the significant other
• Hiding a bank or account statement ...