UK Wedding News
05/06/2015
The research, commissioned by Confused.com, found that people in a relationship will spend £2,340 more each year than singletons.
On average Brits who are in a relationship will spend £1,003 a month. This compares to just £808 for those who are single. And when it comes to household costs each month – like rent, bills and mortgage – the amounts are £538 and £421, respectively. Looking at socialising, couples splash out an average of £144 a month, compared to singletons with £139.
The differences come despite more single people living alone (53%), compared to 8% of those in a relationship. Of those in a relationship, 84% said they lived with their partner and therefore were more likely to split bills and rent costs.
19% of couples said they tend to splash out on weekends away, with 13% of single people saying the same; while 15% of those loved up will spend money on a gym membership, compared to 8% of their fellow singletons.
Interestingly, 16% of those with a partner felt they spend less when they are in a relationship, but 31% of single people believed they spend more when they are in a relationship. 19% of singles thought it was cheaper to be without a partner.
Nerys Lewis, head of credit cards at Confused.com, said of the findings: "The question of what's better for your pocket – being single or in a relationship – is an argument that will always divide.
"People who are single might feel like they are constantly paying for things themselves; conversely, those in a relationship might forget how quickly those date nights and meals, whilst a lovely treat, add up.
"It might surprise people to note that being in a relationship seems to cost more than being single – despite having someone to split costs with, but whilst there is a difference in monthly spending, when it comes to purchases for special events, there isn't too much difference.
"Whilst it's advisable that people do budget for special occasions, it's understandable one in five of us turn to our credit cards to help fund these days out. Whilst this isn't necessarily a bad thing, people shouldn't rely on their credit cards as a way of funding these events."
(JP)
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Singletons Save More Money Than Couples – Survey
A new survey has revealed that single people will spend less money per month on living costs than those who are in a relationship.The research, commissioned by Confused.com, found that people in a relationship will spend £2,340 more each year than singletons.
On average Brits who are in a relationship will spend £1,003 a month. This compares to just £808 for those who are single. And when it comes to household costs each month – like rent, bills and mortgage – the amounts are £538 and £421, respectively. Looking at socialising, couples splash out an average of £144 a month, compared to singletons with £139.
The differences come despite more single people living alone (53%), compared to 8% of those in a relationship. Of those in a relationship, 84% said they lived with their partner and therefore were more likely to split bills and rent costs.
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19% of couples said they tend to splash out on weekends away, with 13% of single people saying the same; while 15% of those loved up will spend money on a gym membership, compared to 8% of their fellow singletons.
Interestingly, 16% of those with a partner felt they spend less when they are in a relationship, but 31% of single people believed they spend more when they are in a relationship. 19% of singles thought it was cheaper to be without a partner.
Nerys Lewis, head of credit cards at Confused.com, said of the findings: "The question of what's better for your pocket – being single or in a relationship – is an argument that will always divide.
"People who are single might feel like they are constantly paying for things themselves; conversely, those in a relationship might forget how quickly those date nights and meals, whilst a lovely treat, add up.
"It might surprise people to note that being in a relationship seems to cost more than being single – despite having someone to split costs with, but whilst there is a difference in monthly spending, when it comes to purchases for special events, there isn't too much difference.
"Whilst it's advisable that people do budget for special occasions, it's understandable one in five of us turn to our credit cards to help fund these days out. Whilst this isn't necessarily a bad thing, people shouldn't rely on their credit cards as a way of funding these events."
(JP)
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