MANY people think you have to spend to show how much you appreciate your loved ones.
Priya Naicker of Old Mutual Personal Finance, said: “Time’s 2015 Money survey ranked financial responsibility as one of the top three attractiveness attributes in the United States – for both baby boomers and millennials.
Both generations place high value on financial compatibility. Interestingly, uncontrolled or extravagant spending was considered a deal breaker by many.
Trading quick splurges for long-term financial discipline means a relationship built on trusting partners.
How to be money wise
- Plan:Financially responsible people are not always those who earn or save the most, but those who understand their finances and take the time to plan. Balancing your immediate needs with short, medium and long-term goals as partners needs plans to work.
- Be open about your values: The survey found that millennials prefer to have conversations about finances early in their romantic relationships. Communication is healthy.
- Take action: Make your goals real with budgets, spending awareness and saving.
Technology such as custom apps that track your spending help you set up and save toward money goals together.
Take regular but deliberate steps toward achieving your goals – even small steps add up to significant achievements.
