Almost 40 per cent of those in couples have money their partners don't know about, a survey says. But why do clandestine savers do it?
Almost 40 per cent of those in couples have money their partners don’t know about, a survey says. But why do clandestine savers do it?long before she filed for divorce. She felt that she and her husband weren’t compatible and that separation was inevitable. But with two young kids to look after and her husband being the main breadwinner, Rosie knew that she couldn’t just get up and leave. She had to make a plan.
While her husband wasn’t controlling with money, Rosie says she knew the divorce wouldn’t be amicable and that he wouldn’t help her financially. Her husband’s family had money, and she worried that she’d somehow end up losing her kids because he’d be able to afford a top lawyer. “The finances were always going to be the problem,” she says. “I knew that money was the one thing that would help. But I had to do it carefully.
Her husband is aware that she has a passive income, but he doesn’t know what it is. “I might underestimate ,” she says. “It’s important to me to put money away and, while my husband is responsible in some ways, I feel like if I told him that I had this money, he would just be like: ‘Oh, that’s great. I can spend more then’.”
Not everyone feels like Annabelle, though. Patrick Reid, 53, has been with his partner for four years and he supports them both financially. But that doesn’t mean that his partner knows the full picture when it comes to his finances. “My partner doesn’t know how much money I’ve got. She roughly knows what I earn, because of our lifestyle. But she doesn’t know how much I’m worth,” says Patrick. “She has asked but I’m not prepared to go into it. She’s stopped asking now.
“I put money away for a rainy day because I’ve got ambitions and I want to buy things. I have a portfolio, my trading account and a business, but it could all end tomorrow if I got poorly.”is a complicated issue. “Money is one of the biggest reasons for couples to have arguments,” says Relate counsellor Peter Saddington. “Lots of couples struggle to share how much money they’ve got or haven’t got, or talk about how much they get paid, or how much they’re saving. Money is never an easy topic.
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