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Lovers say no to gifts

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Three quarters of adults in a relationship would forego a Valentine’s gift for reassurance that their partner is being careful with their finances, CreditExpert found.

According to the financial website’s ‘Love or Money’ study, many people consider a person’s financial situation to be important when on a first date. The study found over half (55%) of adults, if on a first date, would see a wallet full of credit cards as a sign of bad money management. The question of broaching earnings, however, remains relatively uncharted territory, with only 1% of adults saying they would ask how much someone earns on a first date.

Furthermore, when it comes to couples, many are reluctant to raise the issue of money. CreditExpert found nearly one third (30%) of people in a relationship have never seen their partner’s bank statement, while 81% have never asked a partner about their credit history.

Jim Hodgkins, managing director of CreditExpert, said: “In the run up to Valentine’s Day, we are all encouraged to spend money. It’s refreshing to see in our research that the majority of the British public would actually prefer their partner to be careful with their finances than spend money on an extravagant present.” 

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