More than half of couples say its because they want to keep their money separate from their partner 17% say it is because they do not want the responsibility of their partner’s spending. Yet 15% of couples say they row more about money than anything else.
The old proverb ?what’s mine is yours and what’s yours is mine’ is fading fast from household finances, according to research by online payment provider PayPal. The research into couples’ attitudes to their finances has revealed that more than seven in 10 couples in the UK (71%) say they keep separate bank accounts from their partner.
It seems that tradition has gone out of the window with more and more couples wishing to keep their finances separate from their partners. The top reason given for this is simply that they want to keep their own money separate (56%). An independent one in six (17%) do so because they refuse to take responsibility for their partners spending with over one in 10 (12%) saying they keep separate accounts because they do not want to argue about money and finances.
However, a separate bank account does not necessarily negate conflict arising over money with 15% of couples arguing more about money and finances than anything else. Overall four in 10 (39%) of couples say they fight about this issue between once a week/several times a month with a quarter (26%) of couples admitting they fight about money at least once a month.
It would also appear that arguments about money and finance are not confined to those with a ring on their finger. The research revealed that more than half (59%) of couples had their first argument about money whilst they were dating their partner compared to a quarter (27%) who said it was once they were married.
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