Financial matters are sensitive issues in a relationship that needs to be discussed by both partners. Do you agree, mommies and daddies?
I admit, I was a bit reluctant to talk about money and relationships, but what the heck, we all experience the enigma – good and bad, that money brings. Money issue is a common source of friction or fights in a relationship. I believe so. We have talked about this last Wednesday at the Pru Life UK workshop held in Frank & Dean’s Cafe and Kitchen, Taguig.
From the workshop, Ms. Gizelle Villareal-Camua, head and AVP for Brand and Communications of British insurer Pru Life UK, shared us some information about Pru Life UK Relationship Index. Survey showed that Philippines ranks second out of 10 Asian countries in terms of relationship satisfaction. We scored 79/100. The first was Vietnam who schored 83/100.
The survey also showed that Filipinos argue with their partners the most in Asia. 46 percent said that the cause of arguments is money.
We also discussed how to strengthen relationship with partners especially through money matters. Ms. Ross Fres Fausto, helped us understand how we deal with finances through childhood money memory.
Aside from this, we completed our FQ Test where I found out that I need to understand money more.
The main reason why the workshop was held was to help couples understand and attain high financial intelligence quotient or the ability to make sound decisions and actions in handling one’s personal finances. These may help them lessen arguments at home and live harmoniously.
Let me share you the DESIGN for High FQ
- Start with your goals.
- No secrets please.
- Automate saving and investing.
- Have your regular Balance Sheet Meeting.
- Raise your kids to have high FQ.
The workshop was refreshing, we even pledge to talk about money positively with our partners and follow the Basic Laws of Money.
- To pay ourselves first.
- To get only into a business that we understand and seek advice to competent people.
- We will make our gold work for us and create an army of gold before we buy luxury.
Personally, I believe we need to focus more on number 3. Now, honey, let’s talk seriously about money behind closed door.
Interested to know more about Pru Life UK Relationship Index and Pru Life UK products and services please visit https://www.prulifeuk.com.ph/
Sharing to you soon about how to raise a money-smart kid.