Should You Tell Your Partner If You Gamble Online

Whilst 2014 has been a progressive year in many ways, one thing that continues to decline, statistically, is love. These damning statistics released just last week:

  • 42% of marriages end in divorce. England and Wales (ONS, 2014)
  • More than 236,000 people divorced in 2012. England and Wales (ONS, 2014)
  • Almost half (48%) of divorces in 2013 involve children under 16 years. England and Wales (ONS, 2014)
  • 40-44 is the most common age bracket for divorce. England and Wales (ONS, 2014)
  • 65% of divorces were on petition of the wife. England and Wales (ONS, 2014)

Of every divorce in 2011:

  • In 71% of cases it was the first divorce for both partners
  • In 19% one party had been divorced previously
  • In 9% of cases both had divorced previously England and Wales (ONS, 2014)

With a staggeringly high 42% of marriages ending in divorce, it becomes clear that there is a huge national problem.

Statisticians will likely attribute domestic violence, conflict in ambition and arguments over children as the most relevant causes for this epidemic problem.

What I am most interested in however is the subject of online gambling, and whether this could have any impact on the rising rates of divorce.

In complete contrast to the above figures, the online gambling industry is currently booming. There are now over 1000 gambling websites available at any persons’ fingertips, making it easier than ever to gamble from home. Predicted to top a £41.4 billion pound turnover in 2015 (13.8 billion in 2005) could the correlation between an increase in online gambling and divorce be merely a coincidence?

My immediate reaction is no.

Whilst, like in anything, there are extreme cases of addiction and huge net losses, online gambling is largely seen as more recreational than “hardcore”.  Would a £1 – 25 team football accumulator really alienate you that much from your partner? Hey a £50 spin on roulette could even spark some much needed excitement into a stale relationship.

I believe the only major problem online gambling can create in a relationship is a lack of trust. It’s fine to gamble, yet it is not fine to keep it a secret from your partner. With the modern day relationship revolving around shared bank and credit cards, in and out goings from gaming sites should not be made discreet. There are plenty of entertaining sites out there that offer responsible online gambling, including and

For a healthy relationship to exist where one partner is a gambler, I believe that they should be completely honest with every transaction they do. Getting this information out in the open would help diminish the somewhat negative opinion on gambling, and would give the other partner the option to limit and monitor their significant others behaviour. This would also be a perfect way to prevent the likelihood of addiction, or the chance of losing substantial amounts of money.

Downsizing Your Home to Prepare for Retirement

For the near 70 million baby-boomers entering the empty-nest or retirement phase of life, home downsizing is a popular trend. Downsizing your home can reduce your mortgage payments and decrease the time you are dedicating to home maintenance tasks. These benefits are attractive no matter what your retirement plans may be. But before you run out and pound that “for sale” sign in the yard, you need to decide what you are looking for in your next home.

Decide how to downsize and make a plan that works best for you

Baby boomers who have decided to include home downsizing in their retirement plan will be likely to stay in their next home for the duration of their lives. For many retirees this can mean choosing a home to sustain them for 30 or more years. There are some critical questions to ask yourself when contemplating how to downsize and remain satisfied with your new home for years to come.

  1. Where do you want to spend your retirement years? Many people use retirement as a chance to move to a different climate or to relocate near children and grandchildren. Others simply want to downsize to reduce space while remaining in the same location.
  1. What type of property are you looking for? While reducing square footage by moving into a smaller, single family home is adequate for some, a good number of retirees want to be done with home and yard maintenance as well. This might lead them to purchase a condo or a home in a neighborhood overseen by homeowners association. It is always a good idea to review your different housing options your before making a final decision.
  1. Will you need to store or sell some of your belongings to downsize? This can be a tough decision, but certainly one that needs to be thought through before reducing square footage. Decide what absolutely needs to come with you, what you are willing to sell and what you might be giving to relatives for safe keeping.

Reduce your mortgage payment and more by downsizing your home

If you are looking into home downsizing during retirement, start by talking to your mortgage lender and accountant about your options. Downsizing may not only reduce your payments, but can also lighten your tax obligations. Plus, you may be able to profit from the sale of your current home by using it as retirement income or paying for a new, less expensive home in full, eliminating mortgage payments altogether.

Sponsored content was created and provided by Citizens Financial Group.

How Much Does It Cost To Raise A Kid?

What a lot of expecting parents do not realise is the fact that their child will cost them a fortune, from babyhood all the way through to adulthood. Therefore, preparing a budget and knowing how to save money from the start is key to maintaining your finances and being able to successfully save up for your child’s future. Check out this infographic, which details the costs you will incur from having a child, as well as the many ways that you can save a lot of money by making smart buying choices, including searching out second-hand baby products.
How much does it cost to raise a kid?
How much does it cost to raise a kid? is an infographic that was produced by Gumtree