Common Finances: A Norm Among Czech Couples

According to a survey by Partners Banka, two-thirds of Czechs living in marriage and slightly fewer couples without a marriage certificate have common finances. The study revealed that a third of married couples and two-fifths of unmarried couples do not have common finances and do not plan to have them in the future. Therefore, almost 65 per cent of Czech couples use or plan to use some form of joint financial management.

The survey also revealed that nearly a quarter of couples divide all costs equally, mainly people aged 36 to 65. Conversely, a fifth of couples divide costs proportionally, according to the income of each partner, a method most commonly used by people up to 35.

The survey shows three-quarters of committed or married Czechs know their partner’s income. However, 27 per cent do not share their financial situation with anyone. Marek Ditz, the director of Partners Banka, said younger people tend to be more open and generally share more.

Half couples use everyday financial products such as bank accounts or building savings. However, they may be at risk of not having access to their money when they need it most, a situation every fifth Czech has experienced. Therefore, people still have their current or savings accounts alongside their common finances.

Around 80% of Czech couples use everyday finances to cover rent, household operations, energy bills, or grocery shopping. Nearly half then use it for leisure activities, such as joint trips, vacations, and entertainment. Meanwhile, only a fifth of couples engage in joint investments, such as stocks or bonds.