Banking ’smart’ could make a big difference to your love life
October 4, 2007 by admin
Filed under News, News-Banking
The right choice as to where to do your banking and in which accounts could even affect your love life, according to research from Abbey.
In a survey conducted among its current account holders it was revealed that arguments over how much money is spent on gifts had actually caused three quarters of a million of them to split up with their partners.
Some 5.9 million savers complained their partners did not spend enough on them and Abbey argues that banking with an account paying more interest could keep couples together, as it would enable them to buy each other more gifts.
Steve Shore, head of banking at Abbey, said: “Love doesn’t come cheap … we estimate it costs over £1,500 a year to be in a relationship.”
Its data shows average amount spent on presents for a partner is £95 on birthdays, £133 at Christmas and £97 on other gifts through the year.
Day to day expenses such as drinking and eating (£1,044) both in and outside the house and entertainment such as going to the cinema (£224) also eat into savings, according to the report.
Student and Young Person’s Bank Accounts
Start at the beginning
Getting children to be interested in and understanding how to live with money is something they won’t usually learn at school. The earlier you can get them used to having a bank account the more able they will be to look after their money when they finally leave your protective influence and have to cope on their own. So what’s available to them when they do want to open a bank account? Read more
Tags: disappointing, young person bank accounts, student bank accounts, cheque books, Banking, ideal teaching method, birthdays, lectures