According to new survey, nearly half of U.S. married couples admit to fighting over how much money to spend during the holiday season -- and research says that may not bode well for their relationships.
McGraw-Hill Federal Credit Union surveyed 1000 individuals in heterosexual and same-sex marriages as well as divorced couples who are remarried or in committed relationships. Their results indicated that forty-eight percent of heterosexual married couples admitted to clashing over holiday spending, compared to forty-three percent of divorced couples and thirty-seven percent of same-sex couples.
The survey also revealed partners will go as far as opening secret credit cards to make hidden purchases, paying in cash to cover big-money items and even telling white lies about how much they've spent.
So what does that mean for the couples' relationships? The answer is not promising.
A survey conducted by Moneysupermarket.com found one in ten people say that secret spending played a part in their separation or divorce. Additionally, researchers from Kansas State University released a report earlier this year that suggested arguments about money are the top predictor of divorce.
In order to avoid these financial pitfalls during the holidays, McGraw-Hill CEO Shawn Gilfedder says communication is key: "Avoiding money talk can create tension in relationships that only honest communication and financial education
Check out the slideshow below for ten ways to save money this holiday season.