17th Annual Memorial Scholarship Golf Tournament

Wednesday, March 1, 2017

DON'T BET MONEY HONEY

(Women's Health) Don't let your cash problems flow into the bedroom. According to a British survey, nearly 2 million people in the UK say that money troubles have cost them more than a night of passion.
  • 1 in 5 people say that financial problems affect their sex life.
  • A woman's libido is twice as more likely to be affected by money concerns than a man's.
  • 1 in 2 people fight more with their significant other when they're stressed about money.
  • 37% of people say they cut back on quality time with their partner because of money problems.
  • 66% of people say they never bring up their finances with their partner, family, or friends to avoid unwanted anxiety.

40% of Americans ages 25 to 55 who are in committed relationships say honesty about finances is more important than honesty about fidelity. And still, they lie -- or fudge the truth. 30% admit they have withheld information from their spouse or partner regarding spending on discretionary items, such as apparel, accessories, electronics and entertainment. Perhaps the biggest lie of all is the amount of money we make. Men are nearly twice as likely as women to say that they have withheld information from their spouse or partner regarding their salary (11% vs. 6%). That's the word from the 2011 Lawyers.com Couples & Money Survey that was conducted by Harris Interactive. While nearly all Americans in committed relationships (91%) agreed it is important to discuss their partner's financial history before marriage, 26% admit they tend to avoid talking about finances. According to the Lawyers.com survey, if we could go back in time, these are the changes we would make:

  • 64% would put more money into savings.
  • 49% would spend money more responsibly.
  • 46% would put more money into retirement accounts.
  • 36% would put more money into investments, such as stocks, bonds and mutual funds.
  • 21% would discuss financial goals and expectations earlier in their relationship.
  • 10% would be more honest with their spouse or partner about their spending.

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