Why would a significant other withhold financial information?

What are some reasons why a significant other would withhold financial information?

My significant other and I planned on getting married in a year. I've asked him if we could discuss our financial information with each other prior to getting married and he's backed out. He says he won't share any of

What are some reasons why a significant other would withhold financial information?

My significant other and I planned on getting married in a year. I've asked him if we could discuss our financial information with each other prior to getting married and he's backed out. He says he won't share any of that with me until we're actually married. Of course, I told him I'm not okay with that and I told him that he can forget the wedding.

A little backstory on him
After high school he got a job at the shipyard for a few years.
He quit that job to pursue a college education, so he was unemployed for 2 years.
He is now working 2 retail jobs, since they're the only places who will work with his schedule.
He has never owned or rented a home.
He doesn't own any vehicles.
He is currently living with his mother to save money.
He just started building his credit last year.
And he's taken out some student loans for college.
If I left out something important, please let me know.

I already know his situation so I don't understand why he doesn't want to share financial information with me. What could it be? An inheritance? Could he be paying child support?

Best Answer:

Lady A: It could be anything- huge debt, child support, drug addiction. The real issue here is trust. I was with someone who hid his finances from me. Turned out he was a shopaholic and had half a dozen credit cards and kept opening new lines of credit. He also tried to put my name on stuff to get higher credit limits. I would say that whatever the actual reason, it's not going to be something positive. Fights over money are the number one reason for divorce. Think carefully about how you want your future to look. I know you love this guy, but he's not the last man on earth.

Other answer:

Lady A:
He doesn't trust you. He is anticipating a divorce and is trying to ensure you do not get any of his money in the settlement. Withholding information gives him power and an advantage over you. You're better off without him.
john:
If I had to take a stab its probably b/c he is living beyond his means or his credit is bad. Personally I would ask him and find out prior to getting hitched. I wouldn't do it sneaky just let him know that its a sticking point…..
Ricki:
A whole lot of financial problems which he doesn't want to share with you.

Trend carefully as you did.

Indianmoney:
Financial infidelity has been happening for decades. The art of tricking your spouse, to hide your money, is called financial infidelity. This is deceit and treachery at every level.
o Lying to your spouse on the salary you earn.
o Hiding financial details and transactions from your spouse.
o Trying to use your spouse’s money, so that your money is safe.

Why cheat on your spouse financially?
Your wife might be a heavy spender. She enjoys spending her money, as well as yours. You tell your wife, you earn a much lesser take home salary, than you actually earn. This saves your money from your wife, who would use it to purchase expensive items for her personal use.
Another reason for financial infidelity is preserving your self esteem. You earn a much lesser take home salary, than you tell your wife. This helps you to hold your head high when you walk in front of her.
Your wife could also be hiding her money from you. She might be sending money to her parents and does not want you to know about it. Your wife could be spending money on herself, out of the family budget. She artificially inflates the house hold budget, to cover her spending.

What are the causes of financial infidelity?
Losses in the stock market
Your spouse might be secretly investing in the stock market, without knowing much about it. When the stock markets crashed, he/she might have suffered heavy losses.
Gambling and bad habits
Is your spouse a shopaholic or a gambler? He/She might be hiding money from you, to indulge in these bad habits.
Lending to friends
Your spouse might be lending money to his/her friends. Worse, these so called friends might not be returning the money back.
Credit cards and debt
Your spouse might be struggling to repay the dues on his/her credit cards. He/She might have taken that secret personal loan, which he/she is struggling to repay. Worse…He/She might be gambling hoping to repay these debts by striking the Jackpot.

Insurance Pickle.com:
Seems like you should end that. What if you marry into a mountain of debt which becomes half yours?
tro:
do you see a huge clue here, get out of this relationship as fast as you can
Jennifer:
Maybe he's in debt.
HJW:
Be careful on this one, back out.
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