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There might
not be a price on love, but keeping it within your budget helps make it
last. Here are eight tips to keep costs cool while keeping the love
sizzling.
[You must be registered and logged in to see this image.]So,
you’re in a relationship and everything is going great. You plan out of
town trips, you buy each other nice things, and you eat out at the best
restaurants. Things are going good until, one day, you realize you’re
low on funds. You look into your bank account and realize you’ve been
overspending and slowly eating into your savings. All of a sudden, your
future plans seem to be pushed back all the time. And then you argue.
Sound familiar?
Nowadays, everything is getting more expensive and sometimes, being in a relationship can actually become a financial burden. It might be a little difficult, but make the time to sit down with your boyfriend and seriously discuss financial issues. The
make out session can wait for now. Here are a few basic points to get
you started, with more detailed tips in the slide show below:
1. DETERMINE TAKE HOME PAY
How
much to you get in your accounts separately will set the course on how
comfortable your lifestyle together will be. Remember that until you are
married, nothing is automatically conjugal!
2. DETERMINE WHO IS RESPONSIBLE FOR WHAT EXPENSE
On
a separate part of the paper, write down everything you pay for, then
everything he pays for at your homes. Electricity, water, internet,
landline, groceries, parking, food, and all other bills must be written
down. Leave no stone unturned!
3. DECIDE ON HOW MUCH YOU WANT TO SAVE
Ten
percent? Fifteen percent? A fixed percentage instead of a fixed amount
(ex. Php2000 every payday) may hurt now, but will pay in dividends later
on when you need it the most.
4. BUDGET ACCORDINGLY
The
only time you really budget is when you have set aside your savings and
not the other way around. Withdraw your savings and put it in another
bank, put it in a strongbox, give it to your mom, bury it underground,
just so you won't have the temptation of spending it! Anything you have
left over after savings and your budget is your "profit", or spending
money!
Once you've determined how much spending money you have, spend it wisely! Here are 8 tips we've gathered that will help you cut corners so that money won't be that big of an issue anymore.
not be a price on love, but keeping it within your budget helps make it
last. Here are eight tips to keep costs cool while keeping the love
sizzling.
[You must be registered and logged in to see this image.]So,
you’re in a relationship and everything is going great. You plan out of
town trips, you buy each other nice things, and you eat out at the best
restaurants. Things are going good until, one day, you realize you’re
low on funds. You look into your bank account and realize you’ve been
overspending and slowly eating into your savings. All of a sudden, your
future plans seem to be pushed back all the time. And then you argue.
Sound familiar?
Nowadays, everything is getting more expensive and sometimes, being in a relationship can actually become a financial burden. It might be a little difficult, but make the time to sit down with your boyfriend and seriously discuss financial issues. The
make out session can wait for now. Here are a few basic points to get
you started, with more detailed tips in the slide show below:
1. DETERMINE TAKE HOME PAY
How
much to you get in your accounts separately will set the course on how
comfortable your lifestyle together will be. Remember that until you are
married, nothing is automatically conjugal!
2. DETERMINE WHO IS RESPONSIBLE FOR WHAT EXPENSE
On
a separate part of the paper, write down everything you pay for, then
everything he pays for at your homes. Electricity, water, internet,
landline, groceries, parking, food, and all other bills must be written
down. Leave no stone unturned!
3. DECIDE ON HOW MUCH YOU WANT TO SAVE
Ten
percent? Fifteen percent? A fixed percentage instead of a fixed amount
(ex. Php2000 every payday) may hurt now, but will pay in dividends later
on when you need it the most.
4. BUDGET ACCORDINGLY
The
only time you really budget is when you have set aside your savings and
not the other way around. Withdraw your savings and put it in another
bank, put it in a strongbox, give it to your mom, bury it underground,
just so you won't have the temptation of spending it! Anything you have
left over after savings and your budget is your "profit", or spending
money!
Once you've determined how much spending money you have, spend it wisely! Here are 8 tips we've gathered that will help you cut corners so that money won't be that big of an issue anymore.
