Guiding consumers since 2009

Personal finance lessons from Cupid

By Staff Writer

It’s that time of the year again. Yes, that time where we all pig out on overpriced chocolate and cheap champagne.  We thought that we’d spare you the agony of all those clichéd ‘cheap date’ ideas everybody seems to be churning out.

Instead, we’ll focus on what we can actually learn from fictional, fat little cherubs. Yes, believe it or not, we can actually take some personal finance from these chubby angels.

Take risks…

Traditionally, we’ve been told of the Cupid arrow piercing somebody leading to their happily ever after.   But who of you remember the cartoon where the arrow misses and cupid’s arrow goes crashing into the floor and ends up breaking and crashing into a million little pieces?

The same goes for your investments – some might be risky and end up crashing, but what seems risky at first, might lead to that one very ‘happy ending’.

…but don’t make blind decisions

In later mythology, Cupid is depicted with a blindfold on, thus coining the term ‘love is blind’. That’s all good and well, but less great when it comes to making financial decisions – especially the big ones.

Whether it’s a large purchase or a big investment decision, you don’t want to take shots in the dark when it comes to your money. Sure, it might work sometimes if you’re a chunky cherub, but when it comes to your financial decisions, make sure everything is on point. Research and compare prices when it comes to large purchases and make sure you work out a budget the cent.

Don’t be jealous of others’ possessions

In traditional Cupid mythology, the chubby cherub ends up piercing himself on the bum after his mother Venus got a bit jealous of a princess called Psyche. Long story short, Venus asks Cupid to get make the young princess fall in love with the vilest thing in the world. Cupid’s arrow goes a bit awry and he ends up piercing himself and falling in love with Psyche.  Imagine those dinner table conversations.

Moral of the story: don’t be jealous of what other people have and don’t go to extreme financial lengths to try and compete.  In other words, don’t max your credit card for those expensive shoes and don’t take out ridiculous amounts in car finance just to keep up with the Joneses.

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