Did you happen to see Oprah today? (I rarely watch her show – but my wife was watching and she called today’s show to my attention.) Oprah interviewed a woman who had hidden – wait for it – more than $50,000 in debt from her husband. (I was going to write an article about the show, but Dedicated to Financial Freedom has already done a nice job of recapping.) If you want to see clips of the show, click here to visit Oprah’s site. (By the way, I’m not a big fan of Suze Orman, and I think she was a little harsh on the husband – but she does a very good job of setting this couple straight.)
After watching the show, I was left with huge questions –
Do you hide money / purchases / debt from your spouse?
How could she spend thousands of dollars a MONTH and her husband never notice?
Is there really THAT much pressure to “keep up with the Joneses”?
Is the fact that my wife and I sit down and discuss our finances THAT rare of a thing?
Do we have an entire generation of couples / individuals / students who are addicted to credit and debt?
I know that folks struggle with debt, but I figured (naively, I’m sure) that most couples were struggling together – for richer, for poorer and all that jazz. Wow.