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How much would you spend without telling your spouse?

On average, men spend more money than women before fessing up to their spending.

By Credit.com Jun 12, 2014 1:04PM

Woman shopping for clothing © Paul Simcock/Getty ImagesBy Christine DiGangi, Credit.com


Men and women have very different opinions on money in marriage. When asked how much they would spend before telling their spouses, men gave a figure more than three times the amount women gave, in a survey of married people by Experian Consumer Services. Credit.com


On average, men said they'd spend a maximum of $1,231 before consulting their spouses, while the average limit among women was $396. That's a huge difference. Perhaps this disparity wouldn't be an issue in some marriages, but spending disagreements are likely problematic in others. A Utah State University researcher found money fights are the top predictor of divorce, so relationships would really benefit from an agreement on how to deal with finances.


Even with that stark contrast in spending communication, 85% of the survey respondents said they agree with their spouses on how to use credit. Of those people, 88% regularly talk about credit use and 88% review their financial goals together each month. Before getting married, most people discuss income, spending habits, debt, financial goals and retirement, but credit scores in premarital conversation. Only 43% of people discuss credit scores before getting married.


It doesn't get much better after tying the knot: Just 43% of people talked about credit scores after getting married, and 14% said they never broached the subject. No matter the couple's financial goals -- getting a mortgage, buying a car or sending kids to college -- credit will almost certainly play a role in getting there.


Talking about credit easily fits into the regular conversations couples have about budgeting. If you sit down and go over financial goals on a monthly basis, adding a credit checkup to that process would be a simple, yet helpful, change. Through Credit.com, you and your spouse can each get two of your credit scores for free every 30 days, and you'll also get a snapshot of what's helping or hurting your credit standing and how you can take steps to improve it.


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9Comments
Jun 12, 2014 2:27PM
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Another biased and useless article...

 

Women lie about money, relationships, sex, cheating, etc. just as much as men do... in some cases maybe even more. Women skate by on this antiquated belief we have that they are purer, more considerate, less selfish, and nurturing and theat men are here to cater to them. Blah blah blah...

 

The real truth is that women lie, cheat and steal just as much as men. I'm not anti female - I just live in the real world and I see how scandalous and shameless they are too.

 

Any REAL women that read this will know exactly what i'm saying and will agree because they know they're not the ones i'm referring to.

Jun 12, 2014 1:33PM
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Most people get married because of SEX and soon after most folks get divorced because of Money. By the way, Women these Days lie about money just as much as Men.
Jun 13, 2014 2:42PM
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I couldn't imagine buying more than a meal or something at a convenience store without consulting my wife. And my wife is a homemaker. I could technically argue that it's all my money, and she has to consult with me, but I can spend it how I want. 

But I realize that it's our money. I could never afford a nanny as wonderful as her, and she is just as entitled to say where my paycheck goes as I am. 
Jun 12, 2014 4:31PM
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Why do you think young women go out with old men? It sure isn't all about love and sex. It's the green stuff that those old geezers carry in their pants pockets and it's not the other head they carry around in their pants, by no means. That's why broke old men can get the young chicks. No money. No date.
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It depends what it is being spent on, I think men will spend more without asking when buying a bigger ticket items that could be considered a needed household item such as a 2K riding lawn mower versus the wife spending $400 on new clothes when there is some difference of opinion whether they are needed and thus they are purchased without consultation.
Jun 26, 2014 11:46PM
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Oh men change allot. I know I been there done that.How much would I spend I would pay bills so we could spend more an have a greater time
Jun 12, 2014 2:06PM
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most people get married because religion and law are combined in this puritan country of ours
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