Where Do Women Hide Money From Their Husbands?

When a couple gets married, financial issues may arise. There may be concerns about financial debt or dependence, or other budget-related issues. Depending on the financial status of a husband, as well as satisfaction in a marriage, a wife may feel the need to hide money from him in order to maintain a sense of financial independence, and in some cases, to protect her own finances. In fact, according to British Bank Cahoot.com, 75 percent of women admitted to hiding money from their husbands.

Significance

When wives deal with husbands who tend to spend more than they have, they may tuck away some money in a private savings account. This allows them to build a nest egg for retirement or unforeseen financial debt, and to keep their husbands from spending all of the money that they have. According to BBC News, several of its readers felt more comfortable having a secret savings account than not, because they felt it afforded them more of a sense of financial stability.

Types

For women in abusive relationships, they may not want to set up a secret bank account in their names. Instead, they may set up secret bank accounts in the names of best friends or family members. This can prevent an abusive husband from finding out about a secret account in the wife's name if he decides to snoop around.

Types

Some women cash their checks instead of depositing them into an account. They may then hide the money in a safe place in the home where their husbands will never look, such as a small safe hidden in an underwear drawer. They may also leave a small safe with their stashed cash with a close family member if they are in a bad relationship.

Types

Wives also hide cash in safety deposit boxes at the bank. Safety deposit boxes offer privacy and a secure place to store valuables, including cash. Husbands also have no way of knowing what's in a safety deposit box if they find it, unless they can figure out the security code to unlock it.

Types

Wives also hide money from their husbands by putting their money in Series EE Savings Bonds. These types of bonds don't pay interest until they are cashed in, so they don't leave much of a paper trail. A few women, particularly in London, also hide their money in gold ingots, or gold bars. These bars are stored in a bank, and because no one has to give out their social security numbers when they buy them, gold ingots leave no tax trail and little paper trail.

Resources

• "Ten Ways to Tell Your Mate is Hiding Money" by MP Dunleavey
• BBC News-- "Women Keep Secret Savings"