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)

  All Male
N=220
Female
N=252
Both work (to SQ1) 49.5% 49.1% 50.0%
Just I work 27.3% 47.2% 2.0%
Just partner works (to SQ1) 21.3% 0.9% 47.2%
Neither are working 1.9% 2.8% 0.8%


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

  All Male
N=157
Female
N=126
Yes (to SQ2) 77.7% 75.2% 81.0%
No 22.3% 24.8% 19.0%


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

  All Male
N=118
Female
N=102
Me 46.4% 74.6% 13.7%
Partner 40.0% 11.0% 73.5%
Both about the same 13.6% 14.4% 12.7%

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

  All Male
N=220
Female
N=252
Yes 41.1% 32.2% 52.4%
No 58.9% 67.8% 47.6%

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

  All Male
N=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%

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

  All Male
N=220
Female
N=252
Yes 45.8% 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)

  All Male
N=172
Female
N=138
Often 13.2% 14.0% 12.3%
Sometimes 57.4% 58.7% 55.8%
Never 29.4% 27.3% 31.9%

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

  All Male
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 anything 15.7% 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)

  All Male
N=261
Female
N=221
Yes 39.4% 39.5% 39.4%
No 60.6% 60.5% 60.6%

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

  All Male
N=220
Female
N=252
Yes (to SQ) 37.6% 38.4% 36.5%
No 62.4% 61.6% 63.5%


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

  All Male
N=123
Female
N=92
Yes 65.6% 67.5% 63.0%
No 34.4% 32.5% 37.0%

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

  All Male
N=220
Female
N=252
Yes (to SQ) 26.4% 23.8% 29.8%
No 73.6% 76.3% 70.2%


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

  All Male
N=76
Female
N=75
Usage of living expenses 58.3% 67.1% 49.3%
Amount of pocket money 28.5% 27.6% 29.3%
How much to save every month 20.5% 19.7% 21.3%
Use of money on travel, other expenses outside the home 15.9% 21.1% 10.7%
Finding out about debts 14.6% 6.6% 22.7%
Spending money outside of telephone, utility bills, living costs 10.6% 11.8% 9.3%
Finding out about money spent on a big ticket item after the event 10.6% 3.9% 17.3%
Telephone, mobile phone bill 10.6% 9.2% 12.0%
Utility bills 9.3% 6.6% 12.0%
Gift money (at weddings, etc) 3.3% 5.3% 1.3%
Finding out about a secret bank account 0.7% 0.0% 1.3%
Other 15.9% 14.5% 17.3%

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

  All Male
N=220
Female
N=252
Very much so 21.3% 18.1% 25.4%
To some extent 58.4% 59.4% 57.1%
Not at all 20.3% 22.5% 17.5%

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

  All Male
N=220
Female
N=252
Yes 23.1% 22.5% 23.8%
No, not enough 57.7% 60.9% 53.6%
No, not at all 19.2% 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% … […]