subject: The top 3 Financial Fibs we tell our partners [print this page] The top 3 Financial Fibs we tell our partners
Ladies and Gentleman, the cat is well and truly out of the bag, according to a recent survey carried out by IFA Compare most of us are all guilty of lying to our partners at least once a month in regards to our finances.
The survey, carried out in Liverpool, Manchester and London found that the vast majority of people have lied to their spouse or partner about a financial matter at least once in their relationship, with around 68% of people lying to their spouse or partner about a financial matter around once each month.
The results of the survey suggest that women are more likely to tell a "financial lie" to their partner than men, but that men are certainly not beyond telling their partner their own version of the truth when it comes to their finances.
So with this in mind we give you the survey's findings and reveal the top 3 financial fibs that both men and women tell their partners. Have you told your partner one of the financial fibs below....
Financial Fib 1: "It didn't cost that much"
This lie is the most common. Both men and women tell this lie most frequently when challenged by partners in order to hide their guilt over impulse purchases or expensive luxury purchases. In fact, according to the survey some of us go to great lengths to keep our partners in the dark, removing labels from new purchases, telling our partners that we have had the item for ages and hiding receipts. According to the survey women are most likely to lie about how much they spent on a new item of clothing while men are most likely to lie about the cost of a new gadget
Financial Fib 2: "This is all I've got"
Apparently some of us are quietly stashing away cash in our own secret bank accounts without our partner's knowledge. There are a number of reasons why people are doing this, but most frequently people intend to use the money as a safety net in case their relationship breaks down or they are keeping the money a secret from their partner because they believe their partner to be too frivolous with money and wish to protect their family's savings in case an unexpected cost arises. Interestingly, 26% of the people surveyed said that they would not be surprised if their partner was hiding money in a secret account whereas only 14% of people admitted to actually doing this.
Financial Fib 3: "I don't have a credit card"
Financial fib three is the most serious lie told by people to their partner. It would seem that some people are simply unaware of the debt their partner is in. The most common type of debt people lie to their partners about is credit card debt, followed by the size of their overdraft. The survey indicates that some of us are lying about how much debt we have while others are telling their partners that they don't have any debt at all.
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