Valentine’s Day is the epitome of hyper-commercialisation. From the traditional boxes of chocolates to the less common Valentine’s socks and pyjamas, it’s impossible to go through the aisles of your local grocery shop without being urged to buy this or that item with a printed heart on the packaging. Admittedly, the love in the air motto comes at a ‘heartfelt’ – and wallet-crushing – cost too.
In February, it seems you can’t show love without bleeding your bank account dry with the unimaginative commercial gifts in the shop. Thankfully, more and more creative adults are turning away from this capitalistic day of love to rediscover the simple pleasures of their relationship. A handmade card says a lot more than your printed alternative from any shop. More importantly, in a hyper commercialised environment, it’s a way to remind yourself that a happy relationship begins with managing your individual issues before they affect the couple. And, in the face of the future economic uncertainty that looms over post-Brexit Britain, failures to handle your personal financial situation could lead to dramatic conflicts in your couple. This Valentine’s Day, investing in your finances is the new relationship tip.
Don’t let your debts get the better of you
The first rule in a relationship is to stop your worries disturb your couple life. When it comes to finances, your debt struggles can not only ruin your mental and physical health by causing elevated stress, but it will also affect your relationship. When you’re stressed out, you’re more likely to lash out at your partner. In other words, if your debts are a dead weight in your life, it’s time to take action and break the vicious cycle by addressing your spending behaviours. The situation won’t improve overnight, but the sooner you start, the sooner you’re out of debts.
Have you ever thought of money-savvy side hustling?
If you’re someone who wants to boost their income without changing career, you can consider strategies to develop your side hustling activities. Freelancing is a favourite among young experts, but it’s fair to say that depending on your professional career, you may not be able to offer remote services to your freelance clients. However, it’s worth checking freelancing platforms first! Additionally, you can choose to invest a small sum into generating a profit, such as with sports betting, for instance. If you follow the sports news, you should be able to make the most of offers such as the Free Bets Betfair package that gives new customers up to £100 in free bets. With a dedicated strategy, you can create a regular source of side income.
Embrace the 20%-30%-50% rule
Your budget is at the heart of your finance management. Consequently, keeping a budget can provide guidance is making the most of your money. As a rule of the thumb, you need to dedicate 20% of your income to savings. 50% of your income should go towards purchasing necessities and financing utility and household bills. The remaining 30% are for discretionary items.
The best present you can give your other half this Valentine’s Day is to get your finances under control, hence reducing the stress and anxiety you bring into the relationship. Of course, it doesn’t mean you should skip the traditional Valentine’s Day present altogether! But you can prepare something thoughtful that works both for your partner and your budget!