Money may not buy love, but handling money the right way could improve a relationship. That’s one finding of a survey that looked at spending habits of couples in committed relationships.
The survey found that nearly a quarter of U.S. adults ages 25 to 55 who are in a committed relationship say honesty about finances is more important than honesty about fidelity and 72 percent say trust is essential to a successful romance.
However, nearly one-third (29 percent) of couples say they have been dishonest with their partner about spending habits.
He Said, She Said
It may be easier for women to hide extra purchases or overdue bills because they’re more likely to be in charge of the household budget (41 percent of women are responsible for the household budget versus 21 percent of men).
Valuable Advice
Kopit said one partner’s hidden spending can ultimately lead to credit problems that affect both partners. Without complete financial disclosure, it can be difficult for couples to create effective longterm financial plans.
Worth Talking About
“Women are earning more than ever, but our poll shows that major family money decisions still tend to fall to men,” said Alison Brower, Redbook’s executive editor. “So women are contributing in greater amounts, yet they may not have an equal voice. This can breed resentment.”
This story provided by North American Precis Syndicate.
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