Two Thirds Borrow from Partner and Majority Never Pay Back

Aug. 13, 2011 - PRLog -- A study by the UK’s leading discount and voucher code website has revealed that the majority of people in Britain who are in a relationship borrow money from their other half regularly, but further results found that the majority never pay this cash back.

www.MyVoucherCodes.co.uk conducted the study as part of research into the borrowing and spending habits of people in the UK. 1,772 Britons in relationships were polled in the study and each respondent was asked questions about their financial situation and the earning differences between their partner and themselves.

When asked, ‘Who earns more in your relationship?’ the poll found that it was men who brought home the most cash; with 59% of the respondents agreeing. The respondents were then asked whether or not they borrowed money from their partner on regular occasions, to which 65% answered ‘yes’.

When asked to explain why they borrowed money from their other half, 37% said it was due to the fact that they ‘shared’ all of their earnings; so their partner often gave them money if they were short. Those who borrowed money from their partners were asked whether or not they usually paid the amounts back, to which 89% said ‘no’.

When asked why they didn’t pay their partner back, 41% said it was because their finances were ‘shared’ again, whilst a third, 33%, felt they ‘shouldn’t have to’. 9% said they leant their partner money just as much, so it ended up being fair.

The respondents who did borrow money from their partners were also asked whether, if they leant money to their other half, they would expect it back. 27% said that they would want it to be paid back.

Those who did borrow money from their partner were asked to estimate how much they thought they took each month, to which the average amount stated was £75. Furthermore, 6% admitted to having taken money from their partner without their knowledge in the past.

Mark Pearson, chairman of MyVoucherCodes.co.uk, said the following about the study:

“I think it’s quite common for people to borrow money from their partner, particularly if they live together and pool their earnings. I was surprised that there were a sneaky few who had taken money from their partner without their knowledge, as it’s always best to be honest about these things or problems can often occur.

“If you find yourself in a position where you need to borrow money, you can always look to cut back in other areas instead. On MyVoucherCodes.co.uk, we have plenty of vouchers and discounts for consumers to save money in a wide variety of areas, from eating out to electrical goods, which can subsequently reduce the chances of needing to borrow.”

LINK http://www.MyVoucherCodes.co.uk

ENDS

For more information, contact Shannon Haigh of 10 Yetis Public Relations Agency on shannon@10yetis.co.uk or 01452 348211.

Editor’s Notes

Mark Pearson, chairman of MyVoucherCodes is a regular media contributor regarding online shopping and the credit crunch. At 30, his personal worth is more than £30 million. Mark was previously a trainee chef working for Gordon Ramsay at Claridges, London.

Mark appeared as a ‘Secret Millionaire’ in the series on Channel 4, in which he donated £115,000 of his own money to worthy causes.

MyVoucherCodes has had sales exceeding £481m in the last year