Many lovers are lying to their partners about the true state of their financial affairs

All is not fair when it comes to love and money as many partners admit they are telling fibs about their financial affairs.

All is not well when it comes to love and money as many romantics admit to lying to their partners about the true state of their financial affairs.

A match made in heaven can quickly turn to a match made in hell if lovers have different attitudes to how they manage their hard-earned cash.

About one in four Australians admit they are sneaky about how they are spending their cash

and are even resorting to hiding purchases from their partner, new National Australia Bank research has found.

The data quizzed 1000 Australians and found almost one in five people have a secret bank account to siphon off their own cash.

A happy young couple discussing with each other their financial affairs.

Some even admit they are doing this in case they bust up with their lover.

Relationships Australia’s spokesman Matt Garrett said couples should discuss their financial habits from the get-go and avoid keeping financial secrets at all costs.

“It’s good if financial issues can be acknowledged as soon possible in the relationship, and of course they never are, because we are blown away the starry eyes of lust,” he said.

“People generally leave these discussions until it’s too late.

“Be open and honest about what money means and don’t rush into joint expenditure.”

Zoe Walsh, 27, and partner James Raknes, 31, recently moved into together and have adopted a joint plan of attack on managing money.

Couple Zoe Walsh, 27, and James Raknes, 31 are open and honest with each other about their finances. Picture- Nicole Cleary

“I am the spender and James is the saver, we’ve done up a spreadsheet together to track our spending,” she said.

“We have a joint account together and our own separate account, James has such good money habits which has been really motivating.”

National Australia Bank’s general manager of retail Krissie Jones said regardless of the length of your relationship there’s way to avoid a financial fallout.

“Having honest conversations about money is really the key,” she said.

She said couples should be willing to share their monetary beliefs with their other half so they can work out a joint plan of attack.

The research also found a quarter of lovers believe their partners are too frivolous with how they manage their funds.

Twitter: @sophieelsworth

Originally published as Many lovers are lying to their partners about the true state of their financial affairs