Are You Financially Faithful?

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New research shows many partners lie about what they paid for an expensive new item, hide debt from their partners, and even maintain hidden bank accounts. This is no way to run a relationship!

Don’t be caught unaware as I was in my first marriage. Take an active role in your shared finances and always look at shared tax returns.

When you first meet a new potential partner, check the person out carefully. Here’s what I did when I first met my second husband:

First, consider a background check. If potential employers do it, why shouldn’t you? Then, if the relationship becomes serious:

*If he says he owns his house, go to the public county property records online and see if his name is on the property.

*Share all financial records with each other including retirement savings, credit card reports, and banking information.

Financial honesty is the basis for all other forms of honesty. If you don’t want to share a checkbook with him, he’s not for you.

Laura Lee Carter, MA Counseling Psychology, the writer behind the popular online magazine Midlife Crisis Queen,has been helping others turn midlife difficulties into opportunities for personal change since 2007. Besides working as a psychotherapist, Laura Lee has authored a number of books and e-books on midlife transformation.  Don’t miss her new book: Find Your Reason to Be Here: The Search for Meaning in Midlife. Follow her on Twitter: @midlifequeen