In accordance with the survey, 27% of Singaporeans commit monetary infidelity

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Singapore – Financial infidelity is a very real thing, and more than one in four or 27 percent of The Singaporeans committed it loudly A survey discussed on the Finder Finance website.

This means that approximately 783,000 Singaporeans over the age of 16 have been less than honest with their partner about their finances at least once in their life.

These falsehoods can be as small as telling the partner that an item purchased costs less than the price paid, or as large as hiding a separate bank account from them.

So what did we lie about? The survey of 1,008 people in October of this year shows that Singaporeans are most likely not to give their partners any information about purchases of shoes or clothes (8 percent) or expenses related to hobbies, electronic devices, and skin care or make-up products (8 percent) notify. 6 percent each). A smaller percentage made hidden purchases of fast food (5 percent), alcohol (4 percent) and cigarettes (3 percent).

Five percent of respondents have secretly paid off debts, and four percent have not told the truth about dating someone else.

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Men and women are likely to hide something they bought from their partner, but the nature of the purchases is very different.

The three most important things men hide are: a purchase related to a hobby (9 percent), an electronic device (8 percent) or a debt, gambling or alcohol (7 percent).

Women are more likely to hide clothes and shoes (10 percent), skin care or make-up (7 percent), and jewelry (5 percent).

In the various age groups, those who hide purchases most from their significant other are between 35 and 44 years old (36 percent), between 45 and 54 years (29 percent) and between 25 and 24 years (26 percent).

The older the person, the more financially honest. The survey shows that people aged 55 and over lie the least likely to lie about their purchases (20 percent).

And how do Singaporeans hide the truth about their purchases? It seems that 39 percent tell their partners that the items cost less than they actually cost. Another way to get around the truth is to use cash on purchases, as 37 percent did.

“A little more than a quarter (26%) say they attribute the transaction to something else. In the meantime, almost one in five used a BNPL service (buy now, pay later) or asked a friend or family member to make the purchase and transfer the money later, ”the survey said. / TISG

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