the Wedding Planner

UK Wedding News

02/05/2014

Couples 'Financially Cheat' On Their Partners

One in seven British people in a relationship admit to 'financially cheating' on their partner, a new study has claimed.

The findings, which have been published by Confused.com, revealed that these individuals lie to their other half about how much money they really spend.

In fact, one in 20 Britons go as far as to hide their credit card bills, while one in 10 will hide items they have purchased. On average, the research discovered that people have £712 on a credit card – which they keep secret from others.

Perhaps what is more worrying however, is that 31% of respondents would rather reveal their real age, or the number of people they have slept with (20%) before they admit to the full extent of their spending habits.

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Despite the deception, spending money and lying about it is one of the most off-putting traits in a potential partner, according to 61% of those polled. Cheating (83%) and bad hygiene (71%) are the only issues that people are more put off by.

When it comes to the sexes, women are more likely to lie about the amount of money they spend compared to men, at 16% and 11% respectively. They are also more likely to go on secret shopping sprees, with 7% admitting to sneaking purchases into the house, compared to just 2% of men.

So, why are finances such a secret topic? The reasons vary, but the most common reason was to avoid an argument with their other half (30%), while 17% admit they keep it quiet because they are ashamed. 15% said guilt is the main reason for hiding their habit.

Furthermore, one in seven people admit to having debts that their partner doesn't know about, while one in 10 admit to playing down the extent of their debts to their other half.

A spokesperson for Confused.com said: "Brits shouldn't be ashamed about spending their own money on the things they want, or using a credit card to do so.

"However, people should be conscious of spending more than they can afford as this could lead to their financial situation quickly growing out of control.

"Consumers should consistently review their budgets and make a plan to reduce their debts and manage their finances."

(JP)

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"One in seven British people in a relationship admit to 'financially cheating' on their partner, a new study has claimed."