Consumer Corner: How honest should you be about your finances with your partner?

'There are factors that influence the level of financial honesty between couples, the most obvious being how long you’ve been together.'

Consumer Corner: How honest should you be about your finances with your partner?

We have been brought up to believe that successful relationships are based on trust and honesty. These we are told are the foundations of happiness and longevity. Many aspects make up the quest for trust and honesty and money is certainly one of these but one that often can be overlooked in terms of how important it is to manage in a relationship.

Money can be a tricky one to navigate. Often the case will be that one person earns more than the other which will present questions around how much does each person contribute to the running of the house, who pays for dinner when you go out or should you save on your own or together? Many people will have heard tales too about a ‘running away fund’. A joke parents will have told but behind the joke there is a seriousness to it - is it worth having your own fund for yourself or does that make you dishonest in a relationship?