SOURCE: Manilla

Manilla

February 13, 2013 09:30 ET

Organizing and Automating Bills Helps Reduce Couples' Money Arguments, Manilla.com Data Shows

65 Percent of Survey Respondents Say They Argue About Money in Their Relationship, but 81 Percent Say Arguments Are Minimized by Automating Bill Paying Activity

NEW YORK, NY--(Marketwire - Feb 13, 2013) - Data released today from account management service Manilla.com (www.manilla.com) reveals new insights regarding how people in relationships manage their finances as a couple. Manilla, the leading free and secure service that allows consumers to manage their bills and other personal accounts on desktop, tablet and mobile devices, found that 65 percent of those surveyed argue about money with their partners. Sixteen percent said they are worried about financial infidelity (secret spending or debt) in their relationship.

However, it wasn't all bad news -- 81 percent of respondents said that automated financial organization services, like those facilitated by Manilla, help minimize money arguments with their partner by increasing visibility and maximizing the sharing of finances.

"The findings from this survey not only show that it's normal for couples to argue about money, but also that an automatic financial life organization and reminder service, like Manilla, is a concrete solution for people in relationships who are looking to reduce unnecessary financial arguments," said Jim Schinella, CEO of Manilla. "Manilla automatically reminds people when it's time to pay their bills, so they make on-time payments and avoid money-wasting late fees. These two key benefits of Manilla can really reduce tension and improve the way couples manage their money together."

Other insights from the survey include:

  • Both 86 percent of female respondents and 83 percent of male respondents indicated that they have control of the finances in their relationship.
  • Younger couples are most likely to argue about money daily and younger couples are more likely to lie about money -- 54 percent of respondents ages 18-23 always or sometimes lie about their account balances. This group is also most likely to have accounts their partners are unaware of.
  • Women are more likely than men to be dishonest when sharing account balances with their partners and nearly 1 in 10 women have a credit card or bank account that her partner is not aware of. Why? The most common reason indicated by respondents was because they're their own "boss" when it comes to their finances.
  • One in four respondents have had a previous spouse or partner negatively impact their credit score or finances.

Manilla's platform provides convenient, secure online access to all household accounts and services for more than 3,500 businesses. The free service helps consumers manage all of their household accounts, including financial accounts, utilities, subscriptions, daily deals and travel rewards programs, all through Manilla.com or via the Manilla Android or iOS mobile apps.

About Manilla
Manilla organizes and simplifies people's lives by providing one secure access point to all household accounts and services. The free service helps consumers manage their household accounts, including financial accounts, utilities, subscriptions, daily deals, and travel rewards programs, all through Manilla.com. Consumers can also use all of the Manilla features on the go by using Manilla's 4+ star customer-rated Android and iOS mobile apps. Under a single password, Manilla gives customers an automated, organized view of all of their account information, text and email reminders to pay bills, renew expiring subscriptions, and manage soon-to-expire daily deals, all with unlimited storage and seamless document retrieval.

Manilla is a company incubated within and backed by Hearst Corporation. Manilla is the recipient of the 2012 Webby Award and People's Voice Award for Best Banking/Bill Pay Service, was chosen as ABC News' App of the Week, and was named one of PCmag.com Top 100 Websites of 2012. For more information, please visit www.manilla.com.

Contact Information