From the course: Personal Finance Tips and Tricks

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Little green lies

Little green lies

- It's true, we're all guilty of a financial fib here and there. Whether it's tucking a shopping bag into the closet before your spouse can see it, or not telling a friend that your parents own your apartment. We choose to hide the full truth about our money from time to time. What is it that makes us want to cover up certain details of our financial lives? In most cases our intention is positive. We want to maintain harmony in our relationships, and we fear that if the other person knew the truth about what we spent, or how much we earn, or what we owe, their impression of us would change, but when is a little green lie not so little? First, it depends on who you're lying to. The closer the relationship, the more likely it is that any untruth or deliberate omission will cause damage. Sure it seems like a hidden shopping bag is no big deal, but ask yourself: why do I feel like I can't be honest about this? Maybe you're doing something that you both agreed was not in your budget, or…

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