Happy Valentine’s Day! It’s a day of flowers, chocolates, romantic dinners, and proposals. Nearly six million couples will become engaged today.
Beyond romance, there are some practical tips to make the future as sweet as the present. That includes aligning your thoughts on financial habits and goals.
According to a new Bank of America survey which examined the investing mindsets, motivations, and habits of affluent young adults, Millennials and Gen Z are making smart choices with their money.
However, men and women in this cohort differ in views on money management. Millennial men are three times more likely to view investing as less risky than letting a significant other read their texts (21% vs. 6%), while women across both demographics tend to exhibit higher levels of anxiety regarding investment-related matters compared to men.
“Throughout your relationship, it’s important to have an open, honest dialogue about personal finances including your current financial state, priorities and goals, as well as income, savings and investments, and debt,” according to Andre Woodward, VP, Financial Center Manager, Bank of America Augusta-Aiken.
Discussing money can be hard – especially for couples who may not have the same outlook on managing their finances, but it is important.
“Making time to discuss your financial goals will ensure you are always on the same page and will allow you and your partner to come together on financial priorities.”
Editor’s Note:
Mitzi Oxford is a veteran broadcaster and features writer who also worked at the same television station in Columbus, Georgia as Augusta’s Brad Means! If you have a South Carolina story idea for Mitzi, please email her at mitzioxfordcreative@gmail.com.
