UK Money News
30th April 2008
Couples keeping separate bank accounts
More and more couples are choosing to have separate bank accounts, it has been revealed.
In a study conducted by online payment provider PayPal, 71 per cent of respondents said they keep separate bank accounts from their partner.
The principal reason, cited by 56 per cent of the sample, for this decision was the desire to keep their money separate.
Meanwhile, 17 per cent said they did so because they did not wish to take responsibility for the spending of their other halves, while 12 per cent kept their finances separate in a bid to curb rows about money.
Cristina Hoole, PayPal UK spokesperson, said: "Our research suggests there is a growing trend emerging between partners and how they manage their finances, with people having separate bank accounts so they can keep control of their own finances.
"It also appears that arguments over money are most frequent after people have been in a relationship for a while, perhaps people wait until they feel settled with their partner before bringing up the sticky subject of finances."
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