Of love and money: the importance of financial harmony in relationships


Building a strong and lasting relationship requires more than just shared interests and emotional connection. After all the courting and initial kilig experienced by a couple, one often overlooked aspect that also plays a crucial role in the harmony of a relationship is financial compatibility. While love and understanding are vital, money matters can significantly impact the dynamics of a romantic relationship. This month of love, let’s explore why financial compatibility is essential for a healthy and harmonious partnership:


Communication and trust

Financial compatibility fosters open communication and trust between partners. When couples are on the same page about their financial goals, spending habits, and budgeting strategies, it establishes a foundation of transparency. Regular discussions about money also help prevent misunderstandings and build trust, creating a sense of security within the relationship.


Shared goals and values

Money is often tied to personal values and life goals. A couple with similar financial aspirations is more likely to share broader life objectives. Agreeing on how to handle financial norms is important as well. For example, in the Philippines, the groom is expected to shoulder the cost of a wedding. However, nowadays, couples are more open to splitting things down the middle. Being able to navigate such decisions together, whether it's for a wedding, saving for a home, planning for their children's education, or even who pays for dinner on a date, having aligned financial goals ensures that both partners are working towards a common future.


Reduced conflict and stress

Disagreements about money can be a significant source of stress in relationships. Aside from arguments caused by irresponsible spending, many Filipinos are also part of the sandwich generation, meaning they also need to support their extended family financially. If not discussed with their partner, this can also be a cause of conflict. Financial compatibility in this sense minimizes the likelihood of disagreements related to spending habits, debt management, and long-term financial planning. By understanding each other's attitude towards money, couples can proactively address potential issues, leading to a more harmonious partnership.


Adaptability in Times of Crisis

Life is unpredictable, and financial challenges can arise unexpectedly. Couples who are financially compatible are better equipped to face crises together. Whether it's a job loss, medical emergency, or economic downturn, a solid financial foundation allows partners to navigate tough times without letting financial stress strain their relationship.


Individual Well-being

Personal financial well-being directly affects one's overall happiness and quality of life. Whether Filipino couples are part of a single- or double-income household, when both partners prioritize financial stability, it positively impacts their individual well-being and, consequently, their relationship. A shared commitment to financial health enhances the overall satisfaction and fulfillment each partner experiences.


The importance of financial compatibility in relationships cannot be overstated. When building a future together, being on the same page can really make a difference. Taking advantage of financial tools like CIMB Bank PH’s new MaxSave Time Deposit can also help couples reach new milestones together. This next-generation time deposit product offers the highest interest rate in the market of up to 7.5% per annum and flexible tenure options, which can help maximize one’s savings.


CIMB Bank PH also offers Personal Loans starting from PHP 30,000 to a maximum of PHP 1 million, which can be used for varying needs in life – whether it’s to build a wedding fund, an education fund, or a home renovation fund. Applying for a Personal Loan only takes 10 minutes, and only requires one valid ID and payslip.


With mutual understanding of financial matters and the right financial tools, couples are better equipped to weather the challenges of life and create the foundation for a successful and fulfilling relationship.

To learn more about CIMB Bank PH’s products, visit https://www.cimbbank.com.ph/en/digital-banking/our-products.html