Saturday 7 December 2019

Frugal women seek out penny-pinching partners for dates

Attractive: A man with a drill
Attractive: A man with a drill

Charlie Weston Personal Finance Editor

Saving-savvy men who can use a drill are highly prized by women seeking a partner.

And most men insist on offering to foot the bill on a first date, indicating that men are traditionalists at heart, a new savings survey has found.

Women are more frugal and opt to keep their purses closed, adopting the "you asked, you pay" approach to a date.

The research commissioned by savings bank RaboDirect indicates that being a penny-pincher is a good bet for nabbing a perfect partner.

Most men insist on offering to pay for a meal or the entertainment on a first date.

But only one in 10 women would make a similar offer, the survey conducted by Empathy Research found.

However, more than half of the women surveyed said they would be prepared to "go Dutch" and split the bill.

A man who can hammer a nail and change a tyre is also sought after as a partner.

Half of women are looking for a man who likes DIY, while a similar number of men want a woman who is a good cook.

It emerges from the research that it's smarter to watch the pennies when it comes to spending on dates as love lies with those who save.

A whopping 81pc of Irish people say that their ideal partner would be a saver rather than a spender.

Commenting on the results, matchmaker Avril Mulcahy warned singletons about the importance of striking a balance in being frugal and smart with their cash.

"Spending patterns can tell a lot more about a person's suitability as a partner than they might think – even from the first date!" she added.

Meanwhile, a majority of people believe government policy is discouraging people from saving, while upcoming water taxes are also making people cautious about spending.

The tax on interest earned on savings went up to 41pc at the start of the year, and has now doubled since the start of the financial crash in 2008.

And banks have been cutting the interest they pay on savings for almost two years, with the average interest rate paid on deposits in banks now below 1pc, according to the Central Bank.

Six out of 10 people say government policy is discouraging householders from saving, according to the Nationwide UK (Ireland)/Economic and Social Research Institute index.

Managing director of Nationwide UK (Ireland) Brendan Synnott said he expected people to save less as the economy recovers, but upcoming water taxes were holding back the opening of wallets and purses.

"However, issues in the wider economy such as the recent confirmation of average water charges per household may have an impact on this intended spending in the months ahead."

Irish Independent

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