Friday, May 10, 2013

Four in 10 women don't tell their husbands how much they REALLY spend on clothes

Four in 10 women don't tell their husbands how much they REALLY spend on clothes

Around eight million people don’t tell their partner the truth about their spending, a survey suggests.
For women who keep quiet about money matters, the biggest secret is the amount they spend on clothes.
Nearly four in ten of them – 37 per cent – won’t confess to buying a new dress or pair of shoes whereas only 9 per cent of men feel so guilty about their clothes shopping that they feel compelled to fib about it.
But men do have their guilty shopping secrets too – in their case it’s the gadgets they buy.

The survey, based on interviews with 1,363 adults who are in a relationship, found 29 per cent of men ‘cover up their spend on gadgets such as mobile phones, tablets and video games’, compared to only six per cent of women.

The opposite is true for the amount of money that parents tell each other they have spent on their children.

The report found 29 per cent of women lie about how much they spent indulging their children, compared to only six per cent of men.

For the shopping trips which they do admit to going on, millions of people do not tell the truth about how much money they have spent, it said.And men are revealed in the report, from the investment manager, as ‘the biggest fibbers.’

On average, men ‘knock off’ £95.04 from the true cost of their shopping trip, while women will only shave an average of £57.20 from the price tag.

Overall, the report found the credit crunch, which began nearly six years ago in August 2007, has made around a quarter of Britons become less open about their spending habits.
More than a third have tried to cover up their spending by saying the item was in the sales or was a bargain when it was not.

Others resort to hiding things that they have bought, destroying receipts and keeping their bank statements secret.

Nick Hungerford, chief executive of, said: ‘In times of austerity, a quarter of the population is worried about being seen to unnecessarily splash the cash.
‘It is a real reverse from keeping-up-with-the-Joneses.

‘But it is rather surprising that so many would conceal their spending and savings from their partners.
‘With spend on clothing the top item people hide from partners, it is clear many are ashamed to splash the cash and treat themselves when money may be a little tight.’

One in five admitted that ‘secret spending’ has caused problems in their relationship, triggering arguments between them.

Others complain it has caused tension in their relationship and some say it was even the reason for a relationship breaking down or a divorce.