Are you telling the truth about your purchases?

Australians are keeping $11 billion in spending from their loved ones. What do we have to hide?

It's often the case in a relationship that an innocently placed white lie can be a wise move in terms of keeping the ship sailing smoothly. Whether you accidentally killed the family goldfish and managed to swap it out before anyone noticed, or just didn't want your other half to catch a whiff of that surprise getaway you've been planning – there's some pretty valid reasons for not spilling the beans at every occasion.

On a national level, however, we're keeping an average of $2,713 each – or $11.3 billion collectively – from our other half, which is alarming to say the least. Unsurprisingly, it's also not just a lot of dead goldfish.

What purchases are we keeping secret?

If we were to look at the most common secret spends, we'd find that top 5 look like this:

  • Clothes: 5.1 percent of adults are guilty of this secret purchase
  • Gambling: 4.3 percent of us are being naughty when it comes to gambling
  • Guilt foods: 4.2 percent of us said we wouldn't succumb to the urge, yet find ourselves munching away
  • Adult entertainment: 1.6 percent of Australians are making some very risky moves in this respect
  • Cigarettes: 1.4 percent of Australian adults are secretly inhaling behind their special-someone's back

If you've recently found out that your boyfriend is still sneaking a cigarette on a night out, perhaps you should be grateful – statistically speaking, that is.

Who are the worst offenders?

depressed girl

Interestingly, while men are slightly more transparent about their spending - with 20 percent of males spending secretly as opposed to females - they spend three times as much on secret purchases women do ($383 per month compared to $123).

Women were more likely to spend on card, while more men preferred cash payments for those secret purchases.

Genders aside, the average Australian is behind by $1,196 due to these forbidden outbursts.

The younger you are, the more your secret spend

Maybe it's a falling out with traditional values (although some would say honesty is a timeless virtue), but the statistics reveal that younger partners are more likely to keep purchases a secret from their loved ones. The average baby boomer, for example, is likely to spend just $73 dollars a month that their other half doesn't know about. In perspective, that could simply be a nice meal for the two of them! Unless they have a taste for caviar, Gen X and Y probably can't pin down their secret spends as easily, amounting to $249 and $337 per month, respectively.

It's not hard to hang up the secret spending habit

It's common knowledge, but keeping secrets is not a healthy way to foster a true relationship. A few tips to consider include:

  • Be honest: It's time to stop playing games – or at least start spending some of those secret dollars on the person who should probably have known about them in the first place. It's just a better idea to be upfront about finances. Period.
  • Put your money where your mouth is: Write up a savings plan, tell your loved one about it and start squirrelling. If you choose your savings account wisely, seeing the returns roll in shouldn't take too long at all.
  • Pay down the skeletons in your closet: If you're committed to changing your ways, the first financial step is to clean out the closet of all your previous misadventures. Find a suitable debt consolidation tactic, pick yourself up and just keep looking forward. Trust us, you'll be glad you did.
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