Financial fibs revealed as one in three admit lying about money

Compare tariffs and switch energy supplier in minutes

Compare energy deals and switch supplier to cut your energy bills by £447* a year - start saving money in a matter of minutes!

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

One in three people lie about their financial situation, according to research from AXA.

Furthermore, the research shows the lengths people will go to in order to keep their money problems secret.

Women confessed to lying about earnings and failed investments, with one admitting decanting expensive face cream into a cheap bottle.

The most shocking confession was from a man who said he had emptied his children's saving accounts to pretend the cash was a bonus after his own was cancelled.

Psychologist Andrew Kinder said: "In the current climate, concealing expensive purchases or unwise investments from those closest to us is likely to exacerbate the problem.

"Unburdening your financial transgressions, even anonymously, can be a crucial first step to taking control."

The annual AXA My Budget Day is next week, and is intended to get everyone into the habit of spending one hour a month – or 15 minutes a week – checking their finances.

Meanwhile, it was recently found that men are more likely to keep spending secret from their partners than women, contrary to the stereotype of shopping bags hidden in the wardrobe.

Research from showed that men spend 55 per cent more on the sly than women do.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more