4 of 5 people found the following review helpful
This review is from: Financial Infidelity: Seven Steps to Conquering the #1 Relationship Wrecker (Paperback)
I recommended this book to a client because of the title. I then read it and found that many of the techniques and workbook type activities were somewhat unrealistic and superficial. Most are about creating a positive relationship which is good advice for a marriage in trouble but the Smart Heart talks were just not realistic unless you are also a therapist. Financial infidelity is a devastating and difficult crisis in relationships and can have more damaging effects than physical infidelity. The legal and emotional effects on the whole family can be overwhelming depending on the level of money trouble generated. Lifelong consequences to the children can be profound. I think this is helpful for a lesser financial infidelity like some overspending but not for some of the more devastating ones like raiding all the savings and investments, gambling with everyone's future and committing white collar fraud. I also was somewhat disappointed in the number of examples that showed women as the spending problem. There are certainly some gender effects but typically women will secretly spend on smaller items like clothing, jewelry, etc. while men can secretly take an enormous risk or spend on large ticket items like boats, cars, risky investments.
What I did like was the section on looking at family money history and how it affects us. The money genogram was a bit complex but one could easily simplify it and get a good picture of how the current situation fits with the money history in our families. I think this would be a good book if you are looking for some techniques to improve your relationship in general and to deal with smaller money betrayals.