Most Illinois couples would agree that honesty is a critical component to a healthy and successful marriage. Both partners should be able and willing to be open with each other about a myriad of topics, including money. Any breach of this essential honesty can be seen as a form of marital infidelity and may signal a larger problem - maybe even an impending divorce. How can you notice potential financial infidelity? What are some warning signs that your spouse may be preparing to leave the marriage?
Entreprenuer recommends that you should always stay involved in your marital finances. Even if your spouse does most of the money management, you should have access to accounts and a general knowledge of how much money comes in and how much goes out for what purposes. This will allow you to notice if or when things change more effectively. Sometimes changes are subtle, especially at first. You may notice just a little bit less being deposited with each paycheck or the money you thought was moved into a savings account each month hasn't been put there.
Making a habit of running credit reports for you and your spouse each year is a great way to identify any new credit accounts that may have been opened without your knowledge. These annual reviews can be opportunities to discuss what may be happening in your marriage.
If your spouse is self-employed or has a commission-based compensation, sudden reports about how business is declining could be a tip-off that money earned is being funnelled elsewhere. At these times, you may also want to look out for behavioral or mood changes that accompany such comments.