I know will celebrate in Colombia the Day of Love and Friendship, working date dedicated the closest people with whom life is sharedstudy, work or everyday situations.
According to Credibanco, the number of transactions registered in Colombia during the celebration of the Day of Love and Friendship in 2021 reached four million movements which represented, even with the health restrictions of Covid-19, expenditure of $517,000 million, which equates to an increase of 43% compared to the value recorded by the firm in the same period of 2020.
In this regard, the educational program “Financiera Progressa” offers Colombians to determine their personal priorities before receiving their salary or savings, to avoid overspending money on gifts or details that end up reducing your economy.
the last one it is a phenomenon related to the feeling identified with the emotions of the majority; a situation that is risky for the personal and family economy even more so when the worker has just been paid.
Ingrid Mora, General Manager of Financiera Progressa, explained this “Being a friend or partner can mean many things, from supporting yourself in fulfilling your dreams, to being a loving observer in moments of weakness in the face of spending incense, be the motivator for the growth of your wealth or friendship. The more self-confidence and emotional balance, the more financial well-being there will be.”
The directive highlights those who, based on confident communication and the needs of each individual, should invest, save or spend their money, there is six habits which can help you manage your interests in front of your partner or friends, so that love and friendship do not affect their financial stability:
- Personal story of the couple with money: Identify the mechanisms used to achieve the goals of each. While some were given the example of savings, others grew up with the model of indebtedness, which has a direct relationship with the financial habits of adults, an aspect that will give them a starting point to approach differences with respect for each situation.
- Define your “must be” and my “must be”: Dialogue about personal values and beliefs, what is not up for discussion and what is, and agree to limits on both. This will reduce the risks of abuse or direct actions that threaten the financial and personal interests of your partner or your friends.
- Shared budget: Identify individual spending propensities by speaking maturely and respectfully to find out which party is more prone to unnecessary spending. These are elements that should be included in a frank conversation that leads to a balanced financial plan and the risks you are willing to take.
- Vision for the future: Talk about each other’s short, medium and long-term plans, the time they spend working versus enjoying work life, dreams they want to realize and a legacy they want to build. These conversations will allow you to level expectations, find out which ones go together and others that maybe they should go separately, and the other will be there as emotional support.
- Perception of success: It seems simple, but there are many basic elements based on the personality, upbringing, profession, environment in which each person develops. While for some people success is harmony in relationships with their partner, family, friends and how they get and manage money, others will see it as climbing, climbing, through what can be verified, more money, more happiness.
6. Putting the shared suggestions into practice will save them from disappointment individuals, as a couple and as friends, which most of the time end in arguments and emotional states that generate insurmountable gaps for people.
To keep your heart and pocket in balance, you can implement the following strategies:
- Clear and constant communication: Talk about their history with money, but also their dreams, expectations, their emotions when they get money, when they spend, when they have debt, when they don’t have money, when they save.
- Define goals and agreements: Build a plan for life goals in different areas: physical, personal, family, professional, fun, short-term dreams, long-term dreams, and of course, how they align with the financial area.
- Roleplay: When they have very opposite personalities in money management, they can do a role-reversal game for a week: the saver spends a little and the one with a greater tendency to spend plays the role of the saver, this will help create empathy , understanding and observing potential as a team.
- Awareness: Money management in a relationship is for all parties involved, so regardless of who pays what, they need to know how money is being managed and what the other’s economic status is, and thus avoid future surprises that could hit their pockets.
- It is not what they earn, but how they manage it. save and invest: It’s always a good alternative to live a lifestyle one notch below what your income allows. The feeling of abundance is when you have money left over at the end of the month and you don’t feel like you “have to buy more.”