Financial white Lies
They say a lie is a lie no matter how you dress it. “They are right”. However as a race we have come up with a dress code for lies to make them look just a little less like lies. The dress code is white.
A white lie is often told for two reasons: to protect or spare someone’s feelings (the person being lied to) or to protect an image (of the person doing the lying). An example of a situation most men have found themselves in and have had to tell a white lie is when they are asked by the fairer sex the all so scary question “do I look fat”?” Doesn’t matter if it’s your sister, daughter, girlfriend, wife, aunt, mother etc., if the answer is affirmative, then a white lie is called for.
The most common financial white lie that is told has got to be when it comes to disclosing how much you earn. Very few people are privy to what people close to them earn. If a figure is ever disclosed, it is either overstated or understated depending on whom it is being disclosed too. I have known people who go as far as chewing their pay slips to ensure the evidence is destroyed and the secret says safe.
Another common financial white lie that is commonly told is disclosure of debt. Most people would like to come across as debt free even when they are debt ridden. Be careful with this one though, because in this technological day and age, all your credit information is on a database somewhere that can be accessed by anyone and any institution. When it comes to your spouse, full disclosure on debt is most advised. Statistically, nothing breaks a relationship faster than financial dishonesty; not even cheating!
White lies are told to insurance companies; I was the one driving my car when it got in an accident, I had updated my policy two days before the insured risk occurred etc. Unfortunately, insurances have these monsters they call Loss Adjusters and as much as you try to lie and think you can get away with it, they always find out.
Who hasn’t pumped up their last salary by a 10% or 20% or so to a prospective employer to facilitate a better offer that will be plus 10% when you finally get that job. White lies are told ever so often mostly for noble reasons. However, be careful with financial white lies as they may backfire on you.