Family budgets: ideals before marriage

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Women, when married, whom would you want to work? graph of japanese statisticsLast year (I’m just getting round to translating it now!) iShare conducted an interesting survey looking into family budget management, split into two parts, those who wish to marry and those already married. Today is the unmarried half of the survey.

Demographics

Over the 6th and 7th of December 2010 1,140 members of the CLUB BBQ free email forwarding service completed a private internet-based questionnaire. The sample was split into two groups; first, there were 568 unmarried but hoping to be married people; 66.9% of them were male, 18.5% in their twenties, and 81.5% in their thirties. Next, 572 were married, with 55.9% of them male, 6.1% in their twenties, and 93.9% in their thirties.

My Google AdSense earnings used to be a secret account, but then I had to dig into them to fund a couple of things, so now it contributes ever so slightly to the general family finances.

Research results

Unmarried demographic

Q1: If you were to marry, which of you would you want to work? (Sample size=568)

  All Male
N=380
Female
N=188
Both work 83.6% 85.3% 80.3%
Just me work 9.0% 13.2% 0.5%
Just partner work 7.4% 1.6% 19.1%

Q2: Do you currently have a plan to wed? (Sample size=568)

  All Male
N=380
Female
N=188
Have a partner I plan to marry (to SQs) 13.2% 12.4% 14.9%
Have a partner but no plans to marry (yet) (to SQs) 17.1% 14.7% 21.8%
Don’t have a partner 69.7% 72.9% 63.3%


Q2SQ1: Do you know how much your partner earns? (Sample size=172)

  All Male
N=103
Female
N=69
Yes (to SQ2, SQ3) 51.7% 50.5% 53.65
No (to SQ3) 48.3% 49.5% 46.4%


Q2SQ2: Who earns more, you or your partner? (Sample size=89)

  All Male
N=52
Female
N=37
Me 42.7% 57.7% 21.6%
Partner 41.6% 25.0% 64.9%
About the same 15.7% 17.3% 13.5%


Q2SQ3: Do you know how much savings your partner has? (Sample size=172)

  All Male
N=103
Female
N=69
Yes 25.6% 26.2% 24.6%
No 74.4% 73.8% 75.4%

Q3: If you were to marry, do you think that you both should know how much each other earns and has saved? (Sample size=568)

  All Male
N=380
Female
N=188
Should know both 65.5% 62.9% 70.7%
Should know salary only 20.8% 18.9% 24.5%
Should know savings only 1.6% 1.8% 1.1%
No need to know either 12.1% 16.3% 3.7%

Q4: Do you record in a family budget, etc how much you get paid every month? (Sample size=568)

  All Male
N=380
Female
N=188
Yes 33.5% 32.1% 36.2%
No (to SQ) 66.5% 67.9% 63.8%


Q4SQ: Have you ever lost track of spending money, such as forgetting what you used money on? (Sample size=378)

  All Male
N=258
Female
N=120
Often 12.2% 11.6% 13.3%
Sometimes 51.9% 50.8% 54.2%
Never 36.0% 37.6% 32.5%

Q5: Are you saving for a specific objective or to reach a specific monetary target? (Sample size=568)

  All Male
N=380
Female
N=188
Only an objective 10.4% 8.9% 13.3%
Only a monetary target 19.5% 18.9% 20.7%
Both an objective and a monetary target 9.5% 7.1% 14.4%
Neither an objective nor a monetary target 44.2% 47.6% 37.2%
Not saving anything 16.4% 17.4% 14.4%

Q6: Do you think you can save more money after marriage than you do now? (Sample size=568)

  All Male
N=380
Female
N=188
Yes 41.4% 41.8% 40.4%
No 58.6% 58.2% 59.6%

Q7: After marriage, do you think that a family budgeting account for both of you to use is necessary? (Sample size=568)

  All Male
N=380
Female
N=188
Definitely (to SQ) 38.4% 35.0% 45.2%
Probably (to SQ) 38.4% 38.4% 38.3%
No 23.2% 26.6% 16.5%


Q7SQ: After marriage, would you want to have a secret personal bank account for saving your left-over pocket money? (Sample size=436)

  All Male
N=279
Female
N=157
Definitely want 18.6% 14.0% 26.8%
Would want if possible 53.4% 53.0% 54.1%
Don’t want 28.0% 33.0% 19.1%

Q8: Have you ever had a fight with your partner over money? (Sample size=568)

  All Male
N=380
Female
N=188
Yes 6.5% 5.3% 9.0%
No 93.5% 94.7% 91.0%
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