Bogotá — The decision to move in as a couple is also transcendental in terms of finances, since it will begin a different planning of life and expenses in general.
In the middle of that process, A large number of couples cannot achieve their projections due to poor financial planning. which prevents achieving long-term objectives and generates episodes of over-indebtedness.
Therefore, it becomes essential not only to keep your finances in order at the time of a trip, a venture, the purchase of a car or an apartment, as well as the expenses of moving in together: a rent, services, market, among others.
Managing the financial resources of the relationship early will make it easier to achieve the objectives that you have set together and thus you will not have to go through reports that affect your credit histories.
Juan Sebastián Rojas, personal finance expert at Resuelve tu Deuda, stated that “The most common debts are those acquired through improper use of credit cards, Therefore, it is recommended that couples plan their trips or plans in advance to avoid paying more, nor should they be carried away by impulses and think carefully before making a purchase.”
These are the tips given by the expert:
1. Split expenses: This initiative represents growth in the relationship, as it is a first step to begin organizing finances through mutual commitment to expenses. Some options are to divide them in half or with percentages corresponding to each one’s salary.
2. Savings as a couple: Saving is essential if you want to meet the goals of the relationship, which is why savings amounts and estimates must be established that allow adequate control of the household coffers.
3. Add efforts together: When making the decision to start a life together or start a new project, it is essential that both commit to the financial plan they established, this way it will be easier to manage each peso since they will have a budget, savings or some investment that At some point it will bear fruit.
4. Maintain personal finances: Despite living with your partner and having common goals, it is crucial to maintain personal space for finances, otherwise the crossing of accounts can generate financial disorders for both of you.
5. Don’t blame others when you make a financial mistake: Anyone can make mistakes, even more so when it comes to money, but what you can avoid is recriminating or arguing with your partner when it happens. On the contrary, what should be done is to become aware and plan future operations to avoid losing money or to be able to best solve the unforeseen event that is occurring.
6. Savings plans: to reduce expenses, it is advisable to change going to the movies to watch movies at home; going out to expensive restaurants to prepare food at home; expensive purchases of household items, looking for deals and establishing priorities.
“It is important to consider the right time to acquire a debt as a couple, to do this you must analyze whether you can respond financially for the payments that the obligation entails, have absolute certainty that both will do their part to fulfill the commitment in a timely manner and identify how necessary it is to have the obligation and how this can impact the finances of the new home,” Rojas added.
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2023-09-24 07:20:30
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