Connect with us

Lifestyle

Two in five people in a relationship in the UK admit to ‘financial infidelity’

Published

on

A couple going over household bills
On average, these individuals have more than £1,600 in hidden savings | Photo: Mikhail Nilov

According to the latest research by the UK’s leading provider of Wealth and Retirement solutions, Aviva, almost two in five people who are married or in a relationship in the UK are committing ‘financial infidelity’ in 2023.

Financial infidelity is often defined as ‘an act of dishonesty relating to personal finance between two people in a relationship’ and includes deceptions like having secret credit cards or savings accounts, lying about debts, or gambling and hiding purchases from partners.

A large proportion (26%) of respondents say they bicker about money at least once a week, of which around 5% admit to arguing about money every day. 

While more than two thirds of couples (67%) have a joint current account and half (51%) have joint savings accounts, 38% of people surveyed admit to having ‘money stashed away’ that their other half doesn’t know about. On average, these ‘secret savings’ amount to more than £1,600 each. A third (32%) claim to have more than £2,000 in a ‘rainy day’ account, including half (50%) of those over 55.

When asked why they have money in a secret account almost a third (32%) agree that they want to keep some control/independence of their finances; a quarter (25%) want to be able to treat themselves without their partner knowing; and a similar number (24%) say it’s to pay for their children’s education/ first car/ first flat etc. Sadly, one in five (21%) say it’s a precaution in case their marriage breaks down and 15% need to pay off debt they have concealed from their partner.

Aviva’s research also reveals that money is a common source of tension in a marriage or relationship. A large proportion (26%) of respondents say they bicker about money at least once a week, of which around 5% admit to arguing about money every day.  27% of people argue about bills and 18% quarrel about having too much debt.

A third (34%) say that this constant arguing about money has increased due to the cost-of-living crisis and more than one in ten (12%) recognise that disagreements have increased significantly.

“Money is often a taboo subject in relationships, and at times it can be hard to discuss it rationally. Hiding savings or concealing debts from your partner can be a huge source of tension, and it can also seriously impede longer-term financial goals and ambitions.

“Being upfront, honest, and transparent about your finances with your partner can help avoid problems in the future. Having a general view of how much is being spent each month, along with overall debts or savings across the household can be important when it comes to making decisions about longer-term financial objectives like when you can afford to retire, or whether to downsize your home to release some capital to help your children”, says Alistair McQueen, Head of Savings and Retirement at Aviva. 

The research was conducted by Censuswide with 1288 respondents who are in a relationship / married between 13.01.23 – 17.01.23. Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles and are members of The British Polling Council.

EuroNewsweek is a dynamic news platform featuring lifestyle, sustainability, successful stories, tech, leadership, creative marketing, business, and the unstoppable people behind them.

Lifestyle

Millions of people in Britain admit to making costly car mistakes

Published

on

a car being driven through the snow in the UK
Survey shows that 45% of Brits have driven without making sure that their screens and mirrors were properly clear

As winter takes hold and temperatures start to drop, a recent research by Aviva reveals the most common mistakes drivers could be making when it comes to getting behind the wheel this winter.

The research, which surveyed 2,000 Brits, reveals that more than a quarter (28%) are leaving their cars running to de-ice screens, with older generations most likely to take the risk. Over a third of those aged 75+ (41%) and those aged 65-74 (34%) leave their car on to de-ice screens, compared to 17% of 18-24 year-olds and 24% of 25-34 year-olds.

By doing so, Brits may be unwittingly putting themselves at risk with most car insurance policies excluding thefts of vehicles while the engine is still running. This is also an offence under Section 42 of the Road Traffic Act 1988 which states that drivers cannot leave vehicles running and unattended while on a public highway, otherwise known as ‘quitting’.

When looking at visibility, the research reveals that almost half (45%) of Brits have driven without making sure that their screens and mirrors were properly clear. By doing so, motorists could also be risking a fine under Section 229 of the Highway Code, which states that all drivers ‘must be able to see, so clear all snow and ice from all windows’.

The top 10 winter driving habits that could cause issues:

1. I have left my car running to de-ice the screen and warm it up:  28%
2. I have driven in gloves:  21%
3. I have driven in a big winter coat:  20%
4. I have driven even though there is snow on the top of my car:  19%
5. I have driven even though the screen was not fully de-iced or de-misted:  16%
6. I have driven without checking that my number plate was clear:  16%
7. I have driven even though the screen wasn’t clear:  15%
8. I have driven even though I was too tired: 14%
9. I have driven even though the mirrors weren’t fully clear:  14%
10. I have driven through floodwater or a ford:  13%

“While we all want to get to our next destination as quickly as possible, it pays to be safe, particularly as the risk of an accident typically increases during the winter months. Spending five or ten minutes to prepare your car means that not only are you more likely to avoid an accident, but also a hefty fine – which can be as much as £1,000 – points on your licence or even a driving ban in the worst case scenario”, says Martin Smith, Motor Claims Manager at Aviva.

Other British driving habits include leaving the car unlocked to quickly pop into somewhere (13%), pouring boiling water over a car windscreen to de-ice it (11%) as well as wearing inappropriate footwear such as heels (9%) or wellies/snowboots (7%). Those driving whilst wearing inappropriate clothing and footwear could also risk a fine under Rule 97 of the Highway code which states that you should ensure: ‘clothing and footwear do not prevent you using the controls in the correct manner’.

Continue Reading

Lifestyle

5 of the cheapest ski resorts in Europe this winter

Published

on

The Bulgarian ski resort of Borovets comes out on top as the cheapest, where a beer costs just £1.17 and a lift pass costs less than £30 a day.
The Bulgarian ski resort of Borovets comes out on top as the cheapest, where a beer costs just £1.17 and a lift pass costs less than £30 a day

Whether you are a seasoned skier or a first-timer, one thing that is for sure is that skiing can be a very expensive trip. Even if you don’t enrol for a celebrity-like skiing weekend, following on the footsteps of Kim Kardashian, Orlando Bloom, or Gwyneth Paltrow, the costs can pile up. as research shows Brits fork out between £500 and £750 per person on spending money for a ski trip. 

If you are keen to hit the slopes but are being mindful of the pennies, here is a shortlist of five of the cheapest resorts you can visit in Europe, based on the average cost of a lift pass, accommodation, ski rental, and of course food and drinks.

“Skiing can be a very expensive holiday, especially for families. However, there are some fantastic resorts out there offering surprisingly reasonable prices, without compromising on those amazing views and fantastic ski runs”, says Laura Evans-Fisk, head of digital and engagement at eurochange. “Borovets in Bulgaria came out on top as the cheapest ski resort. It’s definitely an underrated destination, with unbelievably low prices for food and drink, and a whole week lift pass for less than £150.” 

Borovets, Bulgaria

Topping the list is bargain-friendly Borovets, Bulgaria. The country is quickly becoming a cheap and cheerful favourite spot for skiers, and it’s easy to see why. Located in the Rila mountains, Borovets is an all-round resort providing luxury amenities at very reasonable prices. With fabulous nightlife as well as gentle slopes for beginners, it’s an ideal destination for adults and families alike. Ski passes start from just £29 per day, so you could really save some cash if you visit for just a few days.  

  • Adult lift pass (6 days): Лв370 (£143.75)
  • Ski rental (6 days): Лв155 (£60.22) 
  • Accommodation (per night): From Лв135 (£52.45) 
  • Beer: Лв3 (£1.17) 
  • Wine: Лв6 (£2.33) 
  • 3-course meal: Лв15 (£5.83) 

Vogel, Slovenia

Lesser known than its Austrian and Italian neighbours, Slovenia’s Vogel resort is no less spectacular. Tucked away in the stunning Julian Alps, Vogel offers exceptional value alongside outstanding snow sports facilities and stunning views. The après is one of the cheapest around, with beer costing just €2, and a three-course meal setting you back just €17. 

Les Houches, France 

For a Mont Blanc ski holiday without the Chamonix prices, look no further than Les Houches. A top choice for families, this picturesque village is quiet at night, while the neighbouring high-altitude areas are perfect for advanced skiers. A six-day adult ski pass is less than £200 and equipment can be rented for less than £100 for the week. 

  • Adult lift pass (6 days): €197 (£158.46) 
  • Ski rental (6 days): from €114 (£91.70) 
  • Accommodation (per night): From €77 (£61.94) 
  • Beer: €2 (£1.61) 
  • Wine: €5 (£4.02) 
  • 3-course meal: €20 (£16.09) 

Livigno, Italy 

Nestled in the heart of the Alps, Italy‘s Livigno offers sterling snowsport facilities for all skill levels, from absolute beginners to black slope aficionados. And thanks to its tax-exempt status, Livigno provides premium resort standards at budget prices, giving you far more for your euros than most other ski destinations on the continent.

  • Adult lift pass (6 days): €223* (£179.38) 
  • Ski rental (6 days): from €74.00* (£59.52) 
  • Accommodation (per night): From €101 (£81.24) 
  • Beer: €3 (£2.41) 
  • Wine: €10 (£8.04) 
  • 3-course meal: €30 (£24.13) 
Grindelwald is one of the more affordable resorts for getting the Swiss ski holiday experience.

Grindelwald, Switzerland

While Switzerland tends to be an expensive country to visit, Grindelwald is one of the more affordable resorts for getting the Swiss ski holiday experience. Even if you’re not a keen skier, there are plenty of other activities to try out, including tobogganing and winter walking.  Set in the beautiful Jungfrau mountains, Grindelwald provides a picture-perfect slice of the Alps for far less than you’d expect.

  • Adult lift pass (6 days): SFr385 (£308.79) 
  • Ski rental (6 days): from SFr237 (£190.09) 
  • Accommodation (per night): From SFr57 (£45.72) 
  • Beer: SFr2 (£1.60) 
  • Wine: SFr13 (£10.43) 
  • 3-course meal: SFr24 (£19.25) 

Continue Reading

Lifestyle

New iPhone photography exhibition opens in Paris

Published

on

A shot of some of the work being displayed at the iPhone 15 photo exhibition in Paris
The two-day event held at the Salon Corderie features work from five photographers, all shot on iPhone

“I Remember You,” a two-day photography exhibition, has opened today in Paris highlighting original work shot on iPhone 15 Pro Max.

The collective work of photographers Malin Fezehai, Karl Hab, Vivien Liu, Mika Ninagawa, and Stefan Ruiz incorporates people, places, and things that move them, exploring memories and the power of photography to preserve them.

“‘I Remember You’ brings together five photographers who share their deeply personal conceptions of memory, connection, and nostalgia,” explains Isolde Brielmaier, Ph.D., the exhibition’s curatorial advisor. “It is a moving glimpse of life, preserved in time.”

In celebration of the opening, each artist spoke about how iPhone has contributed to their creative process and what they hope people will remember from their featured work.

Malin Fezehai is an Eritrean/Swedish photographer, filmmaker, and visual reporter currently living in New York. She has worked in over 40 countries in the Middle East, Africa, Asia, and America. Fezehai is a National Geographic explorer, and in 2023, she became a Climate Pledge grantee. She is working on a project about adaptation to living on water. Her career started in her native Sweden, where she studied photography before attending the International Center of Photography in New York. Her work focuses on communities of displacement and dislocation around the world. She was commissioned by the United Nations Development Programme to photograph survivors of violent extremism across sub-Saharan Africa and published a book titled Survivors. She has received a 2015 World Press Photo Award and the Wallis Annenberg Prize, and was named one of the “30 Emerging Photographers to Watch” in 2015 by Photo District News. Her image depicting a wedding of Eritrean refugees in Israel was the first iPhone photo ever to receive a World Press Photo Award.

“The integration of the iPhone into my photography workflow marked a significant shift in how I perceive and capture the world around me — feeling more inclined to capture life as it happens — the fleeting, candid moments that often define the human experience,” Fezehai says. “Its ease of use and ability to capture high-quality images effortlessly enables me to explore and document the ordinary in extraordinary ways. That sentiment is embodied in the work I created for the show.”

“I Remember You” will be on display at the Salon Corderie in Le Marais in Paris on Friday, November 10, and Saturday, November 11, from 11 am to 7 pm.

Continue Reading

Trending