The summer months are often when love can bloom as people enjoy the sun and fun. People pair up with each other for all sorts of reasons, but is it true that one of the biggest is the way they manage their finances?
Well, could it be that most women prefer a man who’s responsible with money to a George Clooney lookalike with a degree?
A nationwide Experian survey of couples in relationships in 2014* asked if financial responsibility would make someone more attractive. 29% in total said it would, while 35% of women said this would make a male ‘much more attractive’.
However, 3 in 4 of women (75%) said they rated financial prudence more attractive than appearance, education or background, and on a par with intelligence (74%).*
Valentine’s day may be long gone, but the quest for love and harmony goes on all year!
We decided to look at how well people know their partner’s attitude to finances – money and relationships. It only takes a minute to do this fun, interactive quiz to find out!
Your Experian Credit Scoreis a guide that will help you understand how your credit history is likely to be viewed by lenders. It can also help you both understand if one partner’s credit report needs a little work before any joint credit applications, such as a joint mortgage, are made.
To begin the second series of Credit Café videos, on the topic of Money and Relationships, our Experian Experts James Jones and Jill O’Connor explain what financial association means, and the impact it can have on your credit report.
Behavioural psychologist Jo Hemmings is our guest blogger, discussing money and relationships.
We’re talking about wallet size here. And not really the actual size of the wallet itself or exactly how much cash it contains. But how honest you are about how much money you have, how you like to spend it and whether you’re on the same page as your partner about how you choose to spend it as a couple, rather than as a single person.
Often at the beginning of a relationship, we are so smitten by our partner, that the dizziness of chemistry and anticipation diverts us from whether they have the same approach to spending as ourselves. Continue reading →
Love is… a many splendoured thing. It’s in the air; it’s like oxygen, it’s even a wonderful colour. But when you choose to formalise your union, how can it affect your credit status?
Well, getting married in itself doesn’t change anything. If you didn’t share a mortgage, a bank account or have any other shared financial arrangements beforehand, then the mere act of saying “I do” at the altar is not going to have any impact. However, certain things are worth bearing in mind. Continue reading →