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Money's Role in Relationships





Date Published:
Author: CML News

Lede

Financial dependency is the main reason why 23% of couples are staying together, according to a report by LendingTree.

 

Summary

  • Money plays a significant role in most relationships.
  • Better financial footing and a higher credit score make couples less likely to break up in the first few years of a committed relationship.
  • Men and women are more financially sound in a relationship, according to a Pew Research study.
  • There is no right or wrong way for couples to manage their assets, as long as they are on the same page.
  • About 62% of couples who are married, in a civil partnership, or living together share at least one account, and 41% completely combine funds.
  • Co-mingling an account may lead to fewer fights about money, according to LendingTree.
  • 58% of those who share at least one bank account said they stayed together after a financial argument, compared to only 47% of those who don’t have a shared account.
  • Francis recommends "financial date nights" to discuss savings goals, big expenses, and future plans.

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