Weddings are expensive, there’s no getting away from it. While “the happiest day of your life” can be memorable, it can also put a strain on the wallet. Before and after marriage, there are often a few disagreements on personal finance, but what are they and why do they happen?
Love and money: do couples see it differently?
People pair up with their partner for all sorts of reasons – and one of the biggest is finances. A nationwide Experian survey of couples in relationships* asked if financial responsibility would make someone more attractive, 29% said it would, while 35% of women said this would make a male ‘much more attractive’.
ï Caring less about careless spending? One surprising result was 29% of people overall being indifferent to partners who spend beyond their means. For men, this figure rose to 35%. Nonetheless, 19% of male respondents said they found women much more attractive if they paid their bills on time.
ï Staying away from debt Being debt-free was popular across the board, with 58% of female respondents saying that they would find a man much less attractive if in heavy debt. Across both genders in Wales, a massive 62% found being in debt highly undesirable, although 57% of people in the North East said they didn’t care whether someone was careful with money.
ï Savings and secrets What was rather more surprising is that 56% of people knew the extent of their partner’s savings, as well as how many bank accounts they had up and running, but just 47% of respondents in London knew about the latter. Conversely, just 69% actually know how much their partner earns, while a third of that total knew of any bonus payments received.
The Experian Credit Score is a guide to help you understand your credit report, and how the way you’ve managed credit in the past can have an impact on future credit applications. It’s also for you to monitor your progress as you get your finances in order before you apply for new credit.
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