Money talks: 92% of Singaporean daters say money management matters

Talking well-nigh money with someone new has been taboo for too long. We believe every dater should be worldly-wise to talk well-nigh the things that matter most with someone new, and how you manage your finances definitely falls under that category.

So, to largest understand how daters finger when it comes to talking well-nigh money with their dates, we teamed up with Syfe, Singapore’s leading digital investment platform, to go straight to the source. And you know what? Turns out that money does matter.

In our Love Meets Money survey, we learned that 92% of Singaporeans stipulate that the worthiness to manage money is an lulu quality for a long-term partner. And that’s not all. Let’s take a deeper swoop into how daters navigate the tricky topic.

Handling the snout on a first date

The discussion well-nigh who should pay on a first stage has unchangingly been a hot-button topic. But based on our survey results, daters might be increasingly aligned than previously thought. For both men and women in Singapore, 2 in 5 think that men should pay, and 1 in 3 think you should just split the bill.

And it turns out traditional beliefs are still going strong, seeing as how less than 1% of Singaporeans think the woman should pay on the first date.

Now, what happens if you offer to imbricate the snout and your stage doesn’t object? Over half of the women surveyed said they’d be offended, whereas only 24% of men expect their stage to offer to split in this scenario.

Our take? It’s weightier to just be both polite and upfront well-nigh the snout to stave worrisome exchanges or grudge-holding. For example, offer to pay your own way, but thank them if they insist on paying.

Talking well-nigh finances: How soon is too soon?

While we do think it’s important to talk well-nigh the things that matter early on, it’s not really a surprise that a lot of our survey participants said bringing up money on a first stage is a big turnoff.

Although, this does vary with age: Increasingly than half of Singaporeans over 35 think money talk is off-limits for the first date, but only 40% under 35 finger the same way. Maybe talking well-nigh money isn’t quite so taboo as it used to be.

Regardless of whether you think finances are towardly first-date material, most of our survey participants stipulate you can’t ignore it forever. So when can you bring it up? We’re a little divided, with 32% saying you should have the talk surpassing you pinpoint the relationship, and 31% saying it’s OK to wait until you’re once in a serious relationship.

But if you want to hold off until you’ve moved in together or are getting married? Well, a whopping 98% think by that point, it’s too late.

How money matters in a relationship

So, why does talking well-nigh money plane matter to daters? It turns out that careers play a part. Which makes sense, if you want to be with someone who you’re not only uniform with, but who you can build a stable life with, too.

While talking well-nigh money on a first stage isn’t really all that sexy, 1 in 3 Singaporeans said they’d be unshut to discussing salaries in particular within just five dates. And in the same vein, 44% think it’s necessary to get into that topic surpassing you make things official.

The survey moreover found that women take careers into consideration when picking a potential partner. When it comes to ranking criteria that matter most for a relationship, career came in second place for women, while it didn’t one-liner the top three for men.

But while Singaporean men and women might disagree on the career ranking, one thing they did stipulate on? Values are the most important thing to squint at when deciding if someone is the right fit for you. And we couldn’t stipulate more.

The importance of aligning on the big things

We know, talking well-nigh money can be worrisome and weird and maybe plane finger a little intrusive. But it doesn’t have to be! Whether we like it or not, money plays a big role in our lives. And we believe that daters should be worldly-wise to talk well-nigh those big things if they want to build a trusting, lasting relationship. If you’re stuck here’s a few tips to remember:

Do unclose the weirdness. Talking well-nigh money isn’t easy for everyone. Let them know if you’re nervous, and try to remember this is just a yack and not some battle.

Don’t shame them. Try to remember that not everyone will have the same financial literacy or money-management skills – but we can all learn.

Do consider their situation. Remember that wanting to split financing doesn’t midpoint they don’t like you, they just might not have the same finances as you.

Don’t trick them. Give some notice to see if they’re unshut to talking. For example, “If we’re moving in together I think we should start thinking well-nigh a monthly budget. Thoughts?”

So go ahead, have the nonflexible conversations. Make sure you’re on the same page, whether it comes to something as small as splitting the bill, or something as big as making investment plans for your future selves.

But maybe just save the hard-hitting talks for the third or fourth date.

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