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Wednesday, February 27, 2008

Singletons 'spend less than couples'

People in relationships are less thrifty than their singleton counterparts, according to a new report.

Research from Fool.co.uk reveals that there is a £3.7 billion gap between the collective funds held by Brits in relationships and those owned by single people.

The average lone UK consumer spends £281 a month on rent and bills, while members of couples spend some £500 on these outgoings.

And restaurant bills for people with partners reach a monthly total of £39.50, compared to £22.85 for single consumers.

David Kuo, head of personal finance at Fool.co.uk , comments: "Money can't buy you love, but it can help to ease the burden as pay day gets further away and the bills start rolling in."

Meanwhile, Mike Kalen, president and chief executive officer of The Hartford Life, has this week advised couples to divide financial duties between them in order to avoid debt and maximise their money.

So, what do you think? Do you agree that singletons spend less than couples?
For my opinion, I agree that singletons spend lesser. Because couples always have more stuff to spend on for examples having dinner in restaurant, buying flowers or presents for partner during different kind of celebration such as birthday, valentines, Christmas, anniversary and etc.

Not only that, when couples got married, they need to plan on buying cars, house, school fee for their children and money more. These lead them to get a car loans, Homeowner Loans and etc.

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