Regardless if it's Php 299 or 2,999 or 29,999, communication is key to financial wellness.

Last month, Filipino social media exploded with discussions about the ₱299 engagement ring. People were split on whether it was about self-worth or long-term financial plans, and both sides had valid points. There's no right or wrong answer here; it all depends on what matters most to you or your partner. But what can we take away from this in terms of financial wellness as a love language? It's about being honest about one’s money habits.

Having open conversations with one’s partner about spending and saving money sets the groundwork to avoid misunderstandings and disappointment. Whether it's about a ring or any other gift, clear communication helps manage expectations and keeps the relationship on solid ground. 

Empowering financial security: Nurturing smarter money habits

Supporting smarter money habits for the future involves embracing financial wellness as a love language and encouraging one’s partner to engage in sound practices to build financial security. It encompasses a commitment to fostering better money management skills, such as prioritizing savings. While opening a traditional bank account can sometimes pose challenges due to stringent requirements, present financial solutions offer numerous digital banking alternatives like UnionDigital. The platform not only provides savings accounts but also offers convenient features such as seamless cashless transactions, including unique selling points like QR code peer-to-peer (P2P) transfers, with person-to-merchant (P2M) coming soon, and FREE instant fund transfers via InstaPay, ensuring a smoother and more efficient financial experience. Its UBEH Save is a high-interest savings account that offers a competitive interest rate of up to 4% p.a., enabling customers to grow their funds more effectively. 

Building on social ties

Nurturing love in relationships needs time, effort, and emotional investment. The principle of the emerging practice of loud budgeting prioritizes meaningful experiences over extravagant gifts. In a similar sense, building a solid financial foundation goes beyond mere saving and involves strategic planning and understanding one’s finances—an invaluable investment for long-term results. Just as personal ties require cultivation and attention, financial well-being thrives on careful nurturing and informed decision-making.

Endearing ties and reaping its rewards

Investing in love and finances brings fulfilling rewards: shared accomplishments, emotional connection, and financial stability. Celebrating relationships and financial milestones reinforces the value of invested efforts as these moments serve as markers of progress and dedication. UnionDigital Time Deposit is one product that highlights the significance of mindful investment. For as low as 1,000 pesos, users can already enroll in an account. With one of the lowest minimum time deposit rate requirements, UnionDigital’s Time Deposit removes barriers to investment opportunities, facilitating a solid foundation for ongoing financial growth. 

Harnessing self-love as an investment

Investing in self-love produces lasting outcomes, enabling one to fulfill and meet his or her own needs. Consider practicing self-love by indulging in activities that bring joy, relaxation, and inner peace. The value of self-care doesn't have to come with a hefty price tag, and can be found in simple, everyday practices that prioritize mental, emotional, and physical well-being. 

As the period ushers in the love month, it’s time to redefine the approach to love. By understanding that love is not synonymous with extravagant spending, but about taking meaningful steps in nurturing relationships, one can create a more sustainable and fulfilling foundation for both love and life. Just like love, financial management requires careful attention, investment, and decision-making. UBEH Save and UD Time Deposit are products by UnionDigital tailored to offer convenient solutions for saving and investing, all designed to help achieve financial well-being with ease and confidence. By embracing sound practices, one can create a life that is a harmonious blend of emotional fulfillment and financial stability. 

UnionDigital Bank is the digital bank subsidiary of Union Bank of the Philippines. It is one of the six digital banks in the country regulated by the Bangko Sentral ng Pilipinas (BSP). At present, UnionDigital offers a wide array of financial services, featuring competitive offerings such as the P1,000 Time Deposit, high-yield savings account, QRPH payments and transfers, among others. In a significant move to enhance financial inclusion, UnionDigital is poised to introduce a cash loan product, distinguished by its entirely digital application process and quick crediting of funds within minutes.