Family budgets: situation after marriage

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Do you take enough time to talk with your spouse about money? 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.

It’s interesting to note that the amount of married men who would like to keep their salary and saving secret is about double the amount of unmarried men who said they would want to keep it secret!

Research results

Married demographic

Q1: Which of you are currently working? (Sample size=572)

 AllMale
N=220
Female
N=252
Both work (to SQ1)49.5%49.1%50.0%
Just I work27.3%47.2%2.0%
Just partner works (to SQ1)21.3%0.9%47.2%
Neither are working1.9%2.8%0.8%

Q1SQ1: Do you know how much your spouse earns? (Sample size=283)

 AllMale
N=157
Female
N=126
Yes (to SQ2)77.7%75.2%81.0%
No22.3%24.8%19.0%

Q1SQ2: Who earns more, you or your spouse? (Sample size=220)

 AllMale
N=118
Female
N=102
Me46.4%74.6%13.7%
Partner40.0%11.0%73.5%
Both about the same13.6%14.4%12.7%

Q2: Do you know how much savings your spouse has? (Sample size=572)

 AllMale
N=220
Female
N=252
Yes41.1%32.2%52.4%
No58.9%67.8%47.6%

Q3: Do you think that you both should know how much each other earns and has saved? (Sample size=572)

 AllMale
N=220
Female
N=252
Should know both50.2%45.9%55.6%
Should know salary only22,4%19.4%26.2%
Should know savings only2.1%2.8%1.2%
No need to know either25.3%31.9%17.1%

Q4: Do you keep a family budget? (Sample size=572)

 AllMale
N=220
Female
N=252
Yes45.8%46.3%45.2%
No (to SQ)54.2%53.8%54.8%

Q4SQ: Have you ever lost track of spending money, such as forgetting what you used money on? (Sample size=310)

 AllMale
N=172
Female
N=138
Often13.2%14.0%12.3%
Sometimes57.4%58.7%55.8%
Never29.4%27.3%31.9%

Q5: Are you saving for a specific objective or to reach a specific monetary target? (Sample size=572)

 AllMale
N=220
Female
N=252
Only an objective (to SQ)13.1%13.1%13.1%
Only a monetary target (to SQ)17.8%19.4%15.9%
Both an objective and a monetary target (to SQ)17.0%15.9%18.3%
Neither an objective nor a monetary target (to SQ)36.4%33.1%40.5%
Not saving anything15.7%18.4%12.3%

Those who didn’t keep a family budget were much more likely not to be saving.

Q5SQ: Are you able to save more now than when you were single? (Sample size=482)

 AllMale
N=261
Female
N=221
Yes39.4%39.5%39.4%
No60.6%60.5%60.6%

Q6: Do you have a shared family budget accouynt? (Sample size=572)

 AllMale
N=220
Female
N=252
Yes (to SQ)37.6%38.4%36.5%
No62.4%61.6%63.5%

Q6SQ: Do you have a secret personal bank account for saving your left-over pocket money? (Sample size=215)

 AllMale
N=123
Female
N=92
Yes65.6%67.5%63.0%
No34.4%32.5%37.0%

Q7: Have you ever had a fight with your spouse over money? (Sample size=572)

 AllMale
N=220
Female
N=252
Yes (to SQ)26.4%23.8%29.8%
No73.6%76.3%70.2%

Q7SQ: What were the fights about? (Sample size=151, multiple answer)

 AllMale
N=76
Female
N=75
Usage of living expenses58.3%67.1%49.3%
Amount of pocket money28.5%27.6%29.3%
How much to save every month20.5%19.7%21.3%
Use of money on travel, other expenses outside the home15.9%21.1%10.7%
Finding out about debts14.6%6.6%22.7%
Spending money outside of telephone, utility bills, living costs10.6%11.8%9.3%
Finding out about money spent on a big ticket item after the event10.6%3.9%17.3%
Telephone, mobile phone bill10.6%9.2%12.0%
Utility bills9.3%6.6%12.0%
Gift money (at weddings, etc)3.3%5.3%1.3%
Finding out about a secret bank account0.7%0.0%1.3%
Other15.9%14.5%17.3%

Q8: Do you think you currently have wasteful money habits? (Sample size=572)

 AllMale
N=220
Female
N=252
Very much so21.3%18.1%25.4%
To some extent58.4%59.4%57.1%
Not at all20.3%22.5%17.5%

Q9: Do you take enough time to talk with your spouse about money? (Sample size=572)

 AllMale
N=220
Female
N=252
Yes23.1%22.5%23.8%
No, not enough57.7%60.9%53.6%
No, not at all19.2%16.6%22.6%
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2 comments »

  1. Guillaume said,
    January 13, 2011 @ 14:18

    As with most surveys you published, I would like to point the fact that the sample is not representative of the Japanese population (since it is a private survey based on the answers from a private club). The results are worthless without additional information concerning the composition of your sample compared to the overall population (demographics, socio-economic status, income). Some of the questions have a such small sample size (151) that it would be a joke to pretend this has any significance. This has no more scientific value than any of the internet polls you see on most websites.

  2. Cleo said,
    January 16, 2011 @ 04:35

    I’m surprised that the majority answered that they weren’t able to save more money from being married.

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  1. January 25, 2011 @ 04:17

    […] Family budgets: situation after marriage | 世論 What Japan ThinksN=220, Female N=252. Should know both, 50.2%, 45.9%, 55.6%. Should know salary only, 22,4%, 19.4%, 26.2%. Should know savings only, 2.1%, 2.8%, 1.2%. No need to know either, 25.3%, 31.9%, 17.1% … […]