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DailyFinance: Couples' Money Secrets—Financial Counselors Reveal Tales of Lies and Debt

Couples' Money Secrets

By Michele Lerner, The Motley Fool

"We do financial counseling, not marriage counseling or therapy," says Mike LeClear, director of counselors at Financial Hope Counseling and Education in Fort Wayne, Ind. But that hasn't stopped clients from asking LeClear to play the "enforcer" role when it comes to marital money spats.

LeClear, who has been helping people overcome their financial hurdles for 15 years, says that when it comes to marriage and money, 90 percent of the time the wife is the money manager in the household.

What's surprising is not which spouse tends to rack up the troublesome levels of debt (it can be either, he says), but how often he discovers that the client has kept the debt a secret from their significant other.


More From DailyFinance:
Marriage and Money: What's the Best Way to Join Finances with Your Fiance?
Where Does Your Spouse's Credit Card Debt Go When They Die?
Adultery Between Married Partners: A Recession Strategy?

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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