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UK Wedding News

10/05/2013

4 In 10 Lie To Partner Over Spending Habits

A new survey has revealed as many as eight million women lie to their partner when it comes to spending habits.

According to the Daily Mail, for women who do twist the truth regarding their spending, they are more likely to lie about the amount they spend on clothes.

The survey was based on interviews with 1,363 adults who are in a relationship, and of the women polled, it found 37% do not confess to buying a new dress or a pair of shoes. This contrasts to only 9% of men.

However, the results showed that men have their own shopping secrets when it comes to technology and gadgets.

29% of men admitted having to "cover up their spend on gadgets such as mobile phones, tablets and video games", compared to only 6% of women.

The opposite is true for the amount of money that parents tell each other they have spent on their children, with 29% of women lying about how much they spent indulging their children, compared to only 6% of men.

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The report added that millions of people fail to tell the truth about how much money they have spent when it comes to shopping trips, with men being seen as "the biggest fibbers".

Carried out by investment manager Nutmeg.com, the survey found men 'knock off' £95.04 from the true cost of their shopping trip, while women will only take off an average of £57.20 from the price tag.

Overall, the report found the downturn in the economy made around a quarter of Britons become less open about their spending habits, with more than a third admitting to having covered up their spending by saying the item was in the sales or was a bargain when it wasn't.

Others resort to hiding items they have bought, destroying receipts and keeping their bank statements secret.

When it came to money issues and problems within a relationship, one in five claimed that "secret spending" has started arguments between couples. Others even went as far as to say it was the reason for a relationship breaking down or a divorce.

Nick Hungerford, Chief Executive of Nutmeg.com, said: "In times of austerity, a quarter of the population is worried about being seen to unnecessarily splash the cash. It is a real reverse from keeping-up-with-the-Joneses.

"But it is rather surprising that so many would conceal their spending and savings from their partners. With spend on clothing the top item people hide from partners, it is clear many are ashamed to splash the cash and treat themselves when money may be a little tight."

(JP/CD)

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"A new survey has revealed as many as eight million women lie to their partner when it comes to spending habits."