The couple that grows money together, lives happily ever after. We’ve been together for almost four years and I’m proud to say that we have achieved our goals together. I’m 27 years old and he’s 30 years old. Both of us have our own Variable Life Insurance policies. We have a savings account and a mutual fund investment. Recently, we just used a portion of our savings for the downpayment of our future home.
You might think that we’re not having fun because we’re saving and investing. But just like other couples we still go on a date. We love food trips and travel adventure. In fact, we celebrated our 3rd anniversary in Catanduanes. Here’s more, we also have two (now) four fur-babies who are very much spoiled to us like real babies from dog food to accessories. My point is we’re very much enjoying while we’re accomplishing our goal to grow our money together. We don’t earn high salaries and sometimes we have limited budget. So what’s our secret in achieving our goals?
We are each other’s financial partner.
We are committed in working together for our future. I’m glad that when I told my boyfriend to look into life insurance and mutual fund, he didn’t hesitate and met with my financial advisor. I didn’t force him to get a policy and invest our money in mutual fund because we have the same goal for our future.
We admit that there are times when we are tempted to spend on luxuries (new phone, camera, have a date on expensive restaurant, etc). But because we both share the same goal, we don’t need to constantly remind each other to focus on our goals – get married soon and have our own business for our future family. There’s nothing wrong to enjoy and have fun, but to be able to live our lives to the fullest in the near future, we need to prepare now.
Our milestones together
Currently both of us have a Variable Life Insurance policy with a life coverage Php 500,000 that corresponds to an annual premium of Php 12,000.00. So from our salary, we allocate Php 1,000.00 every month. It’s a little sacrifice of not going on a regular movie date and eating dinner in a fast casual restaurant.
Both of us don’t belong to a rich family. That’s why it was a good decision to get a variable life insurance (VUL) because this kind of insurance provides a life coverage and at the same time grows our money. This means, we can enjoy our money and use it for our personal/family needs while we’re still active.
We also have have invested in a mutual fund since the minimum amount to open an account was just Php 5,000.00 and whenever we have an extra budget, I invest Php 1,000 to our mutual fund.
In a generation where fancy dates and grand gestures trend online, I hope that you won’t be deceived and make this as your standard for relationship goals. Don’t look for someone who will only give you roses, balloons or take you on out of the country trips. Be with someone who shares the same direction you have in life and will help you achieve your goals.
I’m so thankful that God gave me someone worthy to be the father of my future children. Now I know that I’m not alone because as early as now both of us are preparing for our bright future. The past year has been tough for me when my father passed away. His death prompted me to make big decisions which include buying a house so I can get my mom. And this would mean, spending a portion of our savings for the downpayment of our new home. But my boyfriend didn’t hesitate to let me use our savings. As my financial partner, he supported me and helped me make wise decisions. Money matters can make or break a relationship. And I can never be any happier because it made us stronger.
No matter how strong and independent you are, it’s still best to have a financial partner. Aside from your loved ones, there are also people from trusted financial services company who can help you achieve your financial goals. Just like me and my boyfriend, we have our financial advisor-turned-friend who guides us with our investment portfolio. The road to financial freedom is never easy but having a financial partner forever will help a lot.
You are fortunate to find a partner you see eye to eye with financially! I feel the same way about my husband- when you do thinks together like shop for life insurance, create a will and trust, etc., you are planning your life together, and it creates a sense of peace. Thanks for sharing!
Finances can make or break a relationship. After almost 10 years we still have to work at it but the important thing is we work at it.
The first line of your post sums up everything about a couple who grow together. And I can’t but agree to all that you have mentioned here! Here’s to saving together as couples!
Finances are always a tough subject and it’s great that you have a partner who is on board with you in every way. A couple that saves together stays together lol.
Finances it one thing that can break a good relationship, but it can also be the reason to grow together. I am glad you two have an agreement.
I feel like it is important to be on the same page and work together on finances in a relationship. My husband and I work together and we have a financial system to get alll of our debts paid off.
So great to be in your shoe, I see plenty of agreements coming from this topic. I myself had more than my fair share with arguments. Well done to you!
It is always good for partners to be on the same page with money. My husband and I are good for each other he is the spender and I am the saver. I tend to save too much so he helps me to have fun with money.
Life insurance is so important. My husband has it through his work with the military. It’s always great when you and your partner agree on finances.
I am glad that finances is not an issue in your relationship instead you found each other as a good financial partner that both aiming for having a good future.
Married couples filing jointly can save on their taxes (although there can be a “marriage penalty” depending on your joint income). … Health insurance savings are greater when a couple can combine into one single health plan.
Great post. Finances can break a strong relationship and the biggest issue in a married life. It is really important to have a plan and strongest commitment to each other.
Money is always such controversy in a relationship. It is great when things are clear or that both partners are on the same page!
Wow, good to know that you are both part of financial literacy. It’s nice that you both understand how to make use of hard-earned money.
Finance can make or break any relationship. As a life partner of someone we have to take care of our financial situation to live that peaceful life.
Finances are not our strongest, so we understand the importance of a financial partner for sure .
I feel like a lot of people overlook this because it’s one of the “less sexy” parts of a relationship but it is so important to be on the same page with your partner!
It’s wonderful to have a partner that is responsible and financial literate as well. If you agree about how to handle finances, that is a great thing!
you’re lucky you are financially compatible and open with your partner.. i guess it is also another reason why you have been together for so long!! keep up the good work!!