More than a fifth of women are arming themselves with financial support by setting up a savings account in case things don’t work out. Where children are involved, that figure rises to a quarter.
Women such as mum-of-two Eimear O’Hagan, 39, believe it doesn’t matter how solid your relationship is, you may one day have a need for a back-up bank balance. But is it pessimistic and unreasonable to set up a secret savings account for the ‘what if’ scenario? Or is this a thoroughly sensible idea that all women should consider?
Woman’s Own explores runaway funds.
‘I wanted a financial safety net’
Eimear O’Hagan, 39, is a freelance writer and editor. She lives in the Scottish Borders with her husband, Malcolm, 39, and their sons, Ruadhan, five, and Donnacha, three.
It’s eight years since I first opened my secret savings account. Back in 2012, a week after I quit my job in London and moved to Scotland to live with my now-husband, Malcolm, I walked into the local bank and explained I wanted a savings account in my name only.
There’s now around £10,000 in it. I’ve dipped into it over the years, but also added to it most months, even if it’s just a tenner.
This story is from the January 19, 2021 edition of WOMAN'S OWN.
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This story is from the January 19, 2021 edition of WOMAN'S OWN.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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