Valentine’s Day Finance Pointers For Couples

  • Save

In recognition of February as the traditional month of love,, a platform that helps South Africans make good money choices, is offering couples a bouquet of financial tips to help them build a sound financial future together.

Valentine’s Day is not just a suitable time to celebrate romance, but also to lay the foundation for financial happiness in a relationship. Romantic partners who educate themselves about money matters, and ensure that their financial affairs are in order, are better equipped to handle life’s inevitable setbacks without straining their relationship.

Communicate openly

Have an open, honest discussion about your financial goals, priorities, and concerns. This helps build trust and ensures that you’re on the same page when it comes to money matters.

Set financial goals

Whether you’re saving for a home or a dream holiday, setting shared goals builds a sense of togetherness and purpose. Set realistic timelines for reaching your goals, and allocate resources accordingly.

Draw up a budget

Discuss your monthly income, expenses, and savings goals. A clear understanding of where your money goes allows you to make informed decisions.

Build an emergency fund

Aim to save enough money to cover three to six months’ worth of living expenses. This financial safety net will provide you both with peace of mind.

Invest wisely

Whether you’re considering investing in shares, property, or digital currency, understanding your risk tolerance and investment goals is crucial. Explore opportunities together and seek professional advice to tailor an investment strategy that’s aligned with your shared goals.

Check policies

Address important matters such as life insurance, wills, and retirement planning. Update the beneficiaries on your financial accounts, insurance policies, and retirement plans.

Avoid debt

Bad debt, such as paying off a high-interest loan for trendy items that have devalued, can easily lead to arguments and tension. Be open about what you owe, and define each partner’s financial responsibilities for loan payments.

Check your credit scores

Joint debts can affect both partners’ credit scores. A poor credit score has implications when applying for loans, renting a home, or even securing a job.

Allocate personal spending money

Every month, allow each other to spend a small amount of money on anything you want, guilt-free. Schedule money-date nights: Regularly discuss your financial goals, review your budget, and make joint decisions about your future. Make this an enjoyable and relaxed time, incorporating snacks and drinks.

Shop strategically

If you decide to give presents this Valentine’s Day, focus on a meaningful, thoughtful gift rather than an expensive-themed purchase. Keep in mind that special memories, created together, can be more valuable than material possessions.

A mutual understanding of money not only enhances a couple’s financial well-being but also strengthens their emotional connection. It’s extremely rewarding for partners to work together to attain their financial goals, and to celebrate their success as a team. is a trusted voice within the personal finance sector. To stay informed and become financially savvy, Subscribe here.