Money Matters With Dino

#106 Colleen McNamee - Mediation expert talks about Financial Infidelity with Dino

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Synopsis

Studies are showing that some seven million Americans have a secret bank account or credit card account that their spouses know nothing about -- and most of those doing the hiding are men, according to the study….. Financial expert Kimberly Foss says “financial infidelity is more common than people think, and if anything, it’s on the rise.” Here today to answer some of our listener questions on this surprising and intriguing topic is our TLP, Colleen McNamee of MCNAMEE MEDIATIONS. 1) It’s surprising to think that this could even happen! I mean, don’t couples pay attention to their account information and spending habits? - Many spouses keep separate bank accounts and have 1 joint checking or savings that they operate out of - Typical household, one spouse is in charge of the finances - Shadier side: Spouses who have side businesses the other spouse doesn’t know about 2) Real case example: Married 27 years. Joint accounts until children were grown and out of house. Always had financial arguments throughout mar