Regarding the day of love and friendship that was held last Friday, February 14, it is necessary to talk about money as a couple. Especially when they decide to share a home and deal with the expenses and debts that this implies.
Sometimes, love is not enough to keep the couple or marriage together, since Money handling problems can cause stress in a relationship and culminate in divorce.
For Aroldo Dovalina, CEO of the Paynom Labor Welfare Integral Platform, money is more than a simple tool to make transactions, since it has different meanings for people.
“Most of the time, couples argue or have conflicts about the expenses that originate at home because they have different priorities. For example, a couple member may consider that retirement savings is fundamental; However, the other may have the idea that money should be used to acquire home products or services. ”
Precisely, a Paynom analysis shows that, In Mexico, 75 percent of workers face liquidity problems before receiving their next payroll payment.
“From our labor welfare platform we encourage the financial health of the workers because it is the State that allows couples to take a better control of their finances. Therefore, they can respond to daily expenses and negative changes in their income. Recall that the lack of money and monetary concerns lead people to seek loans or credits, which generates debts and an increase in their levels of financial stress, ”emphasizes Aroldo Dovalina.
Tips for financial health as a couple:
Talk about wireless money. The most important of all financial councils for couples is to hold open conversations. The basis of any solid relationship is communication, especially when it comes to finance. Hence it is necessary to reserve time to talk honestly about the current financial situation.
Establish common financial goals. After putting the financial panorama on the table, the next step is to dream and plan. Whether buying a house or saving for a vacation, shared goals can help stay focused and motivated.
Assemble a budget. An essential financial council for couples is to share a common purpose on how to spend their money. The budget will be the compass that guides them towards their financial goals.
Create an emergency fund. Life is full of surprises and not all are pleasant. Ideally, save at least three and six months of maintenance expenses. This fund can help avoid debts and to provide the peace of mind that there is enough money to face the economic events that arise.
Face team debts. If someone from the couple acquires a debt that can affect the relationship, it is best to make a plan to address it. Whether debts with credit cards or a mortgage, the ideal is to formulate a strategy to reduce it, relieve stress and level the path to a healthier financial future.
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