439: Watch Out for These Financial Infidelity “Red Flags” in Your Marriage
What should you do if you suspect financial infidelity from a partner? Money is a taboo subject in many marriages, and it doesn’t help that some spouses take a hands-off approach to personal finance. As you might imagine, this can quickly lead to one partner taking advantage of the other. Today’s guest is helping people save their nest eggs by uncovering and proving financial infidelity.
Welcome back to another episode of the BiggerPockets Money podcast! Today, we’re joined by Tracy Coenen, a veteran forensic accountant who investigates fraud, hidden money, and other money “shenanigans” in marriages. Most often, Tracy helps spouses navigate finances during a divorce when emotions are already running high and both parties feel overwhelmed.
Whether you need help unearthing hidden money or getting on the same page with your spouse, this episode is loaded with all kinds of helpful tips, tricks, and resources that will help you get a better handle on your finances. Join Tracy, Mindy, and guest host, Amanda Wolfe, as they discuss the biggest financial “red flags” in a marriage, things to include in a prenuptial agreement, and why the weekly money check-in is so important!
In This Episode We Cover
What to do if you suspect financial infidelity in your marriage
The “fraud snowball” and how to stop it in its tracks
How to uncover hidden money, secret accounts, and secret spending
Why you NEED to form the habit of discussing finances with your spouse
The importance of prenuptial agreements (and what you should include!)
Tips and resources to help you keep a closer eye on your finances
And So Much More!
Links from the Show
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-439
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