Wednesday, March 29, 2023

93% of Colombian couples let go of money management

Finance By: Portfolio

March 11, 2023 9:40 pm

Faith union Fincomercio revealed the behavior that Colombian couples have in relation to money. Elibrary The data were the result of a series of surveys conducted through social networks.

This was revealed couples in the country tend to manage their finances separately rather than togetherboth in measurements, debts, profits and expenses.

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Regarding the debts, the order indicated that “75% is meant to secure each debt and 25% to do it together”, when it was found out about the bond of the couple, having a financial situation. 93% of couples divorce would be due to differences in money management.

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“According to our consideration, the well-known saying, when money runs out, love goes out the window is very true, because according to the answers of the Colombians, what is mine is what is yours, and what is yours is mine.” I share 3 facts: 93% believe that managing money differently is a reason for divorce or ending a relationship. 75% manage their finances separately and 49% admitted to feeling distrustful when borrowing their partner’s credit card. This shows that talking openly about money with your partner is something that most Colombians do not know how to do, and it shows us the importance of working in that area”, said Michael Rodríguez, director of communication of Fincomerce.

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Likewise, it was also found that the saving culture of each member of the couple is general. “When asked how Colombian couples save for travel, projects and invest, they implement 2 options according to their budgets. Layers 1, 2 and 3 pledge to save an average of $50,000 per month, obtaining a minimum of $100,000 in savings between the two, while layers 4 to 6 use a savings plan that we call “savings”, with an average of $250,000 of individuals that are up. to $500,000 as a couple and is perfect for achieving big goals in short periods of time. In each of the two cases, excellent rates of return”, mentioned Rodríguez.

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