Love does not conquer all



Your potential to find love could be dependent on your financial situation as Aussies are worried about their finances, according to a survey.
Credit Savvy's survey found 57 per cent of respondents would consider breaking up with their partner if they knew their partner was in a bleak financial situation.
Over three-quarters of respondents felt that financial wellbeing and income were important in a potential partner.
Credit Savvy managing director, Dirk Hofman, said the results highlight that Australians are worried about finances, including that of their partner.
"As household debt soars and young people struggle to enter the housing market, more Australians recognise the importance of getting in tune with their finances and credit reputation," Hofman said.
"These results suggest that people are factoring in more than just love when they're considering committing to a partner. They're also worrying about how they're going to get approval for that large mortgage down the track."
The survey also found 69 per cent of females preferred good finances over a good body, and 59 per cent of males preferred a good body over finances.
Almost a quarter of respondents said they would not go on a second date if they were asked about their finances on the first date, and 18 per cent admitted to having a bank account their partner did not know about.
"After all, if having good finances and a good credit reputation could impact on your appeal as a potential partner, you'd want to give yourself the best shot," Hofman said.
Recommended for you
Despite the financial adviser exam being rooted in ethics, two professional year advisers believe the lack of support and transparency from the regulator around the exam is unethical.
Despite having less growth potential than other assets, financial advisers have said cash allocations are providing a sense of comfort for clients, allowing them to ride out volatility without sacrificing their lifestyle.
AMP’s advice platform has announced three additions to its managed account menu with the new funds aimed to help advisers with clients’ income protection and fixed income needs.
Wealth technology platform HeirWealth has announced a partnership with Hatch Accountants to support the intergenerational wealth transfer.