Monday, February 13, 2017

RE: Romance & Personal Finance? Deception, Secret Accounts, Gender Views

Hi Brandee,

Ready for Valentine's Day? I just wanted to followup one more time to see if you had any thoughts on our Relationships & Personal Finance Survey

Can you believe that 32.25% of people would say that honesty about personal finance is more important than honesty about fidelity?

Sticks and stones may break my bones, but my credit report is forever.

Best,
Nate Matherson


----------------

Nate Matherson
Co-founder & CEO of LendEDU

Email: nate.matherson@lendedu.com
LendEDU.com

Read More About LendEDU:
LendEDU Is Making Student Loan Refinancing Easier @ TechCrunch
Medical, Dental, 401(k)? Now Add School Loan Aid to Job Benefits @ New York Times




On Fri, Feb 10, 2017 10:28 am, Nate Matherson wrote:
Hey Brandee,

Can you believe that 23.08% of high income individuals reported to have a secret credit card or bank account used to spend money?

Would love to get your feedback on our new survey: Relationships & Personal Finance - Survey & Report

We surveyed 800 individuals that are currently married or in a self described "significant relationship." From our own experience, we know that love and finance is a tricky concoction. And in our research, we found that there is a surprising number of hidden bank accounts, secret spending, and stress.

Would you be willing to share the results of our survey with your readers?

Best,
Nate Matherson


----------------

Nate Matherson
Co-founder & CEO of LendEDU

Email: nate.matherson@lendedu.com
LendEDU.com

Read More About LendEDU:
LendEDU Is Making Student Loan Refinancing Easier @ TechCrunch
Medical, Dental, 401(k)? Now Add School Loan Aid to Job Benefits @ New York Times




On Thu, Feb 09, 2017 10:42 am, Nate Matherson wrote:

Hi Brandee,

Would you say that honesty about personal finances is more important than honesty about fidelity? Guess what proportion of married individuals have a secret credit card or bank account?

Ahead of Valentine's Day we released a new survey and report: Relationships & Personal Finance - Survey & Report

Ahead of the big holiday, we thought it would be interesting to survey 800 individuals that are currently married or in a self described "significant relationship". In our survey, we asked individuals 20 different questions related to managing finances as a couple. '

Here are the core themes:


- Higher Income Equals Less Stress But More Deception
- Males and Females View Spending and Saving Differently
- Financial Stress Increases After Marriage


What do you think? We would love for you to review our full survey and report. I am happy to answer any questions related to methodology or data.

Best,
Nate Matherson


----------------

Nate Matherson
Co-founder & CEO of LendEDU

Email: nate.matherson@lendedu.com
LendEDU.com

Read More About LendEDU:
LendEDU Is Making Student Loan Refinancing Easier @ TechCrunch
Medical, Dental, 401(k)? Now Add School Loan Aid to Job Benefits @ New York Times


Full 19-Question Survey ResultsQuestions #1 - #13 Asked to All Respondents

1. Would you say that honesty about personal finances is more important than honesty about fidelity?

a. Yes - 32.25%

b. No - 67.75%


2. Do you know your spouse or committed partner's credit score?

a. Yes - 69.88% 

b. No - 30.13%


3. Would you say that financially savvy partners are more attractive?

a. Yes - 52.88%

b. No - 47.13%


4. Do you talk about financial goals and values with your spouse or committed partner?

a. Yes - 89.38%

b. No - 10.63%


5. Do you think your spouse or committed partner is bad at managing money?

a. Yes - 34.63%

b. No - 65.38%


6. Have you ever hidden purchases from your spouse or committed partner?

a. Yes - 31.25%

b. No - 68.75%


7. Do you consider finances to be the most stressful facet of your relationship?

a. Yes - 48.88%

b. No - 51.13%


8. Do you wish that your spouse or committed partner saved more money?

a. Yes - 64.13%

b. No - 35.88%


9. Do you think your spouse or committed partner spends money wisely?

a. Yes - 63.13%

b. No - 36.88%


10. Do you avoid talking about personal finances in your relationship?

a. Yes - 12.50%

b. No - 87.50%


11. Do you argue about finances on a regular basis?

a. Yes - 20.13%

b. No - 79.88%


12. Are you aware of how much debt, if any, your spouse or committed partner is in?

a. Yes - 84.25%

b. No - 15.75%


13. If your spouse or significant other had significant financial problems such as credit card debt or bankruptcy, would you leave the relationship?

a. Yes - 5.75%

b. No - 94.25%


Questions #14 - #17 Asked to Only Married Individuals

14. Before getting married, did you talk you regularly talk about money with your spouse or partner?

a. Yes - 66.67%

b. No - 33.33%


15. Have you ever withheld information from your spouse or partner regarding spending on discretionary items, such as apparel, accessories, electronics and entertainment.

a. Yes - 37.76%

b. No - 62.24%


16. Do you have a secret credit card or bank account used to spend money without telling your spouse or partner?

a. Yes - 10.49%

b. No - 89.51%


17. Do you have a joint checking account, or do you maintain separate accounts?

a. Joint checking account - 69.46%

b. Separate accounts - 30.54%


Questions #18 - #19 Asked Only to Unmarried Individuals in Significant Relationships

18. Do you believe that it is important to talk about personal finance and your financial history before marriage?

a. Yes - 93.80%

b. No - 6.20%


19. Do you help each other manage personal finances? Including help with budgeting, savings, investing, etc.

a. Yes - 92.18%

b. No - 7.82%

JMRef:670715

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