Lovebirds’ crippling cash quibbles
A THIRD of Aussies admit to arguing with their partner at least once a month over their finances.
The research from financial comparison website Mozo found some of the biggest reasons for an argument to break out between lovebirds includes spending on gambling, booze or cigarettes.
Mozo’s spokeswoman Kirsty Lamont said Australians were becoming less tolerant of bad financial behaviour, with many weighing up a suitor’s money skills before making a long-term commitment.
“If it turns out their partner is mismanaging money that can be a real source of tension for people, especially when the cost of living is so high and households are under financial pressure,” Ms Lamont said.
The study found 20 per cent of the 1000 people surveyed had ended a relationship over money.
Tribeca Financial’s chief executive officer Ryan Watson urged couples to be open and honest.
“A lack of money or financial assets can be a sign of people not being able to get their act together,” he said.
“The key to removing financial angst from a relationship comes from having honest, frank conversations about each partner’s goals.”
A quarter of the people surveyed said a disparity in earnings created tensions between them and their partner.
Half said a personal debt of more than $10,000 was enough for them to reconsider a relationship.
It comes after Suncorp research found a third of Australians in relationships tried to conceal their purchases of luxury items from their partners.