Having a budget may give you more days

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Sifting through a dating app can feel like an endless and pointless task — but managing your finances can increase your chances of finding a match.

In Living Not So Fabulously, Michael Kaye, director of online marketing and communications at OkCupid and Archer, shares insights on how personal finances can help people move toward love, and it seems to have The budget is a very attractive value.

“Financial stability and security is a big deal for people these days,” Kaye told Living Not So Fabulously David and John Auten-Schneider, citing insiders from OkCupid (watch the video above or listen below). “What’s interesting is that people who are budgeting get 25% more games and have 16% more conversations than people who don’t.”

Kaye said the data confirmed that “people are getting a little more comfortable having these conversations” about money, even early on in dating.

And it’s not just dating apps that suggest financial aid can help in many areas of a person’s life. According to a survey conducted by the Certified Financial Planner Board of Standards, 55% of those who made a budget felt more confident, while 52% felt more secure. These are qualities that can translate to different areas of life outside of the budget sheet – such as one’s love life.

Read more: How to budget: Your complete guide to budgeting for 2024

Kaye admitted that financial matters are at the forefront of many of her conversations with her partner, as talking about their finances, spending and investments is very important as they plan for the future. they see together.

‘Loud budgeting’ is very common in dating, social organizations

TikTok’s “high value” culture has encouraged many people to talk openly about their financial situation, whether it’s when they’re planning a first date or big social life events.

Regardless of what the name means, it’s not about shouting from the rooftops about how much money a person should spend per month. Instead, it’s about being honest and open about financial problems.

Having a budget and being honest about it can impress potential partners, signaling a willingness to have more important conversations about money as the relationship progresses. .

However, this does not mean that singles are really looking for wealth.

According to a 2022 survey from OkCupid, more than half of singles want to spend less than $50 on a first date, with only 11% saying they’re comfortable spending more than $100.

The story continues

“This trend is a combination of what’s happening in the economy and how people are looking at their lifestyle,” Kaye said. “People, especially driven by Gen Z, are more sober. They’re more attracted to non-alcoholic options. That’s also a lot cheaper than dinner and drinks or just drinks.”

Kaye’s point is supported by a 2024 survey from Bankrate that found that only half (52%) of Gen Zers feel comfortable disclosing what’s in their bank account and 44% of millennials are open to doing so the same. This growing comfort with being transparent about money seems to be paying off in dating apps.

Being aware and aware of money is not only an opportunity to help you achieve your long-term financial goals, but it can help you find a good reason to cancel applications.

Every Wednesday, immerse yourself in real-life stories from the LGBTQ community with podcast hosts David and John Auten-Schneider. You can find other features from us video center or watch your own popular streaming service.