Is Financial Infidelity a Threat to Your Marriage? Psychiatrist Says It Can Be More Devastating Than an Affair

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Clearwater, FL, July 2, 2009 — Cheating with money occurs in 1 out of 3 marriages. Some couples say it is even more devastating than sexual infidelity. In addition to the loss of trust, one spouse has spent what the couple had worked together to save for the future. Financial infidelity is the worst conflict between a saver and a spender. In 3 out of 4 marriages couples fight about money. Conflict between a saver and a spender can doom a marriage. What can you do to protect your marriage?

Psychiatrist and author of the book Attract Love, Sex, and Money, Dr. Doug Welpton says that usually one spouse is a saver and the other is a spender. Spouses need to learn to appreciate each other’s differences and work together as a team.

In an economy where people became accustomed to buying anything and everything they wanted on a whim, having to make sudden, draconian financial cuts in their household budgets is proving to be very challenging. Old habits can be quite difficult to change.

Invite Dr. Welpton to answer:

• How do you know if you are committing financial infidelity?
• What are the typical consequences of cheating with money?
• What are common causes of financial infidelity?
• Is it possible to turn a spender into a saver?
• How can trust be rebuilt after financial infidelity?

CREDENTIALS: Dr. Doug Welpton is a psychiatrist, family therapist, and psychoanalyst with 40 years of experience helping people with relationships. His free 12-step Connecting Conversation e-book teaches you how to talk with your spouse about your finances. He has helped thousands of couples, including many who have cheated with money. Dr. Welpton is a graduate of Stanford University and Harvard Medical School and has been interviewed on many radio programs, including WGBB 1240’s Up Close and Personal, WVTL 1579’s The Bob Cudmore Show, and KNZR’s The Ralph Bailey Show.

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