January 11, 2018
Honeyfi (http://www.honeyfi.com/), the free app that helps couples manage money together, today announced the results of its 2018 Money and Your Relationship Survey. Honeyfi surveyed 500 Millennial couples about money and their relationship. From how often couples fight about money to how budgeting affects romance, the 2018 Money and Your Relationship Survey offers a fascinating look into the unique impact of finances on relationships.
The Survey found that couples who budget are happier in their relationship, fight less about money, and have a better romantic relationship. More specifically, couples who reported regularly tracking and discussing a household budget were over 50% more likely to report being “extremely happy” in their relationship, 14% less likely to report fighting about money at least once a month, and 37% more likely to report having a “great” romantic relationship.
When asked about their approach to merging finances, 50% of the surveyed couples said they combine everything, compared to 30% who combine some but not all of their finances and 20% who keep things separate. The couples who combine everything were more likely to report being “extremely happy” in their relationship (63%), compared to couples who combine some but not all (43%) and couples who keep things separate (40%).
“The 2018 Money and Your Relationship Survey really drives home the point that communicating and collaborating on money is crucial for couples,” said Ramy Serageldin, Co-founder and CEO of Honeyfi. “But that can be challenging. So we built Honeyfi to simplify and automate the hardest parts of managing money as a couple. We also give users full control over how much they share with their partner,…