Money is the main catalyst for an argument
You're hiding something from your partner - and it's something that is bound to backfire in the long-run.
The average Brit is hiding up to £1,800 from their partner - nearly a quarter of which is debt, according to new research.
The study by Sheilas’ Wheels home insurance found that 28 per cent of couples have no idea what their partner earns, or what savings or debt that they have accrued, but men are most dishonest when it comes to money with almost a third admitting they are not open with their partner when it comes to finances.
Over half of Brits do not tell their partner when they buy something using the joint account with over a quarter of those surveyed admitting to sneaky spends on clothes and jewellery.
The poll revealed that whilst 67 per cent of co-habiting couples have a joint bank account, 33 per cent prefer to keep totally separate financial arrangements and for those that do have joint finances - this is purely to cover household bills.
Secret stashes of money are also a common factor in many realtionships these days, over a third sat that they keep money hidden around their home. The most popular hiding places (apart from in the bank) are inside a drawer, the closet and even the fridge or freezer.
Jacky Brown, at Sheilas’ Wheels home insurance, commented: “We thought that hiding cash under the mattress was just a myth but it seems this is becoming a reality for both men and women who are unsure of how to share and manage their finances.
“People should be aware of the sums of money and valuable possessions that they keep around the home and should check their contents insurance policy limit to make sure they won’t be left short-changed if the cash in their home was stolen or destroyed by fire.”
Money is a huge factor in the strength or demise of some relationships and it's best to sort it out how best suits your personality - every relationship is different. Nineteen per cent of couples say that they regularly argue about money and that it's usually the main catalyst for an argument.
A further 12 per cent of those polled admit they have considered breaking up with a partner over money.
Femalefirst Taryn Davies
tagged in Money