Finance Choices
Couples lie about debt
One in three couples would rather talk about the awkward subject of sex or past relationships, than about their finances, new research reveals.
The Financial Services Authority's (FSA) survey of 1,436 people reveals that many couples find the hardest thing to talk about is money matters, with some lying to their other half about debts.
The research reveals that one woman in three lies to her partner about her credit card debts, while 29 per cent of men admit to hiding the truth about debts.
An even higher figure ? more than 40 per cent - admits to lying when it comes to talking about expenditure on luxuries.
Relationship psychologist Christine Webber said: "Not knowing how to bring up the subject of money with a loved one without sounding accusatory, mean or overly serious can cause incredible relationship stress."
The survey finds that money worries keep 35 per cent of people awake at night, while a staggering 29 per cent feel more comfortable talking about their partner's appearance than discussing finances.
Vernon Everitt, director of retail themes at the FSA, said: "Money is a very difficult subject to talk about.
"But ignoring financial problems can make them worse."
The Financial Services Authority's (FSA) survey of 1,436 people reveals that many couples find the hardest thing to talk about is money matters, with some lying to their other half about debts.
The research reveals that one woman in three lies to her partner about her credit card debts, while 29 per cent of men admit to hiding the truth about debts.
An even higher figure ? more than 40 per cent - admits to lying when it comes to talking about expenditure on luxuries.
Relationship psychologist Christine Webber said: "Not knowing how to bring up the subject of money with a loved one without sounding accusatory, mean or overly serious can cause incredible relationship stress."
The survey finds that money worries keep 35 per cent of people awake at night, while a staggering 29 per cent feel more comfortable talking about their partner's appearance than discussing finances.
Vernon Everitt, director of retail themes at the FSA, said: "Money is a very difficult subject to talk about.
"But ignoring financial problems can make them worse."
posted by Bruce Wayne at 10:14 AM
Couples lie about debt
8 Comments:
I'm fine with talking about it, but it only frustrates me because while my husband sees the need to pay off debt, he doesn't understand my IMMEDIATE desire to pay it off NOW, or my massive concern about it. Anytime we have extra, he wants to spend it - ugh! So, I'd rather not discuss it. Often times, he doesn't realize we have extra money unless I tell him, so I'd rather just apply it to debt than get into a discussion about how he thinks we should spend it.
We are completely honest with eachother about our finances. Normally I have to update him on how much we owe and how much is in our accounts. His philosophy is that he makes enough money to cover everything and that's all that matters. He doesn't really like to talk about it unless we really need to.
We have no problem with talking about it and we are completely honest. He makes the money, but I write his paycheck out to myself and give him an allowance. He is more willing to take on big debts than I am, for example, buying land or cars. I hate owing $35,000 on a piece of property where he sees it as an investment.
We are honest, totally, while we do not always see eye to eye (usually I want to be more frugal) we can find a middle ground. Thouhg I think talking about sex might be more fun, it has to wait till the kids are in bed
Myex-hubby and I were...it was probably the best aspect of our relationship (no wonder we divorced!)...my sis and I are honest about our money situation (we live together and share house expenses)....my parents kept it all from us until it was too late! We could have prevented a lot of $$$ problems if we had known sooner how things stood...
Yes, always.
If a couple can't be honest about $$, there are probably other areas of their relationship they're not honest about.
My husband trusts me completely to handle our finances. I always show him our Quicken after each pay period. He always tells me what he is going to spend his allowance on too (lol) even though I advise him that this is his money to spend as he chooses! We've always been up front and honest about our finances. We both have been married before and we both had issues with our ex-spouses about money! ( Both ex-spouses wanting to spend their own checks the way they saw fit. )
My husband and I said 8 years ago when we married that there would be no secrets. I do know we have a great marriage and I couldn't bear life without my sweetie!
I take the high road on this one, I am sure to be very open about how much money I bring in/spend. This tends to reduce problems and make us both happier.
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