Quicken Pulls Back the Covers on Love and Money

  Quicken Pulls Back the Covers on Love and Money

        Survey Reveals Money Issues at the Heart of Many Relationships

Business Wire

MOUNTAIN VIEW, Calif. -- February 5, 2013

If you argue about money with your significant other, you’re not alone.

A United States study by Quicken, maker of the leading personal finance
management software from Intuit Inc. (Nasdaq: INTU), reveals that money can
drive a wedge between many couples. Of those surveyed:

  *One in three argued with their significant other about finances.
  *One in 10 lied to their significant other about money.
  *One in 10 has slept on the couch after arguing about money.

Trust is another significant issue facing many couples when it comes to money.
One in five respondents said they monitor their partner’s spending, while
three percent of those surveyed said they have an account they hide from their
significant other. Hiding purchases in the trunk of the car is not uncommon
for five percent of those surveyed.

“Smart money management between couples starts with creating a budget together
or making joint financial decisions,” said Holly Perez, personal finance
advocate for Quicken. “Knowing exactly where your money is going and staying
on top of it can strengthen your relationship and your bank account.”

It’s Not You, It’s Me

Money woes can stop a relationship before it starts. Of those surveyed, 33
percent have skipped a night out because of their own finances. An additional
four percent of respondents have broken up with someone because their
potential partner had too much debt.

“Having mystery in a relationship can be important, but it doesn’t have to be
surrounding finances,” said Michael Neal, a Quicken user from Fort-Worth,
Texas. “Each week, my wife and I review our Quicken reports. It helps keep us
on track and avoid arguments over money. We’ve even made Quicken a family
affair, helping teach our kids about money so that they’re prepared for
financial bumps in the road.”

Resources:

  *Better money management starts at Quicken.com
  *Quicken on Facebook
  *Quicken on Twitter

About Intuit Inc.

Intuit Inc.is a leading provider of business and financial management
solutions for small and mid-sized businesses; financial institutions,
including banks and credit unions; consumers and accounting professionals. Its
flagship products and services, includingQuickBooks®,Quicken® andTurboTax®,
simplifysmall business managementandpayroll processing,personal finance,
andtax preparation and filing.ProSeries® andLacerte® are Intuit's leading
tax preparation offerings for professional accountants.Intuit Financial
Serviceshelps banks and credit unions grow by providing on-demand solutions
and services that make it easier for consumers and businesses tomanage their
money.

Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year
2012. The company has approximately 8,500 employees with major offices in
theUnited States, Canada, theUnited Kingdom,Indiaand other locations. More
information can be found atwww.intuit.com.

About the survey

Findings are from an Ipsos Observer poll conducted on Sept. 11-19 on behalf of
Quicken. For this survey, a sample of 1,015 Americans from Ipsos’ American
online panel was interviewed online. Weightingwas thenemployed to balance
demographics to ensure that the sample's composition reflects that of the
adult population according to census data and to provide results intended to
approximate the sample universe.

Contact:

Atomic PR
Jennifer Parson, 415-593-1400
jennifer.parson@atomicpr.com
 
Press spacebar to pause and continue. Press esc to stop.