A heart, a soul, a balance sheet


Last Thursday we had a very lively episode of our weekly “Money Lessons with FQ Mom And Sons” show with our guest, the new senior, the love of my life, Marvin Fausto. If you missed this episode and want to know what you should be doing at certain ages in order to have a comfortable retirement, you can still watch the episode on our You tube channel.

Some viewers texted me saying they were inspired and had fun watching and learning from the show. A live viewer said she would print and frame this quote to display in her home.

Unless you are signing a prenuptial agreement, remember that when you say “yes!” This is what happens.

A few years ago I had an engagement with a large life insurance company that did a very interesting relationship index survey in 10 Asian countries. We Filipinos are ranked # 1 in expressing our love to our partners. We also ranked number one for the frequency of arguments with partners. We are really very expressive! Can you guess what was the main cause of conflict? If you answered money, you are right!

Why do you think money ranks as the main cause of conflict? I think the answer would probably be because it is a subject that is not openly discussed, even between husband and wife. I guess almost all couples who get married don’t bother to review the property law that governs their marriage. I admit, we were among these couples thirty-two years ago. Yes, The Honey and I are celebrating our 32nd wedding anniversary on August 12, 2021! Luckily we took the trouble to check it out a few years after our wedding and everything is fine.

Before saying “I do”

I know it is such a pleasure to prepare all those details that make your dream wedding – church, reception venue, food, drinks, coordinators, photographers, videographers, florists, stylists, dressmakers, hairstylists and makeup artists, and so much. others! Add to that the COVID-19 condition and what type of “Q” is currently applied – ECQ, GCQ, MECQ, etc. I’m all for this pageantry if that’s your thing. Me, I love weddings. I have a series of articles called “I love weddings” on my website https://fqmom.com/tag/i-love-weddings-series/.

I also have several videos sharing our weddings, so trust me when I say, “It’s okay to fuss about weddings”. I love weddings so much, we had six… and it continues! Click on these links if you want proof!

  1. Argent (25th) Wedding video on site
  2. Silver Wedding March
  3. Dance boys on our silver wedding anniversary
  4. Song gift about our Silver Wedding
  5. Serenade on the silver wedding anniversary
  6. Pearl (30th) video on site
  7. Pearl Wedding photo on location by Pat Dy
  8. Pearl Wedding Homily by Fr. Johnny Go, SJ
  9. Pearl wedding couple dance
  10. Pearl Wedding Boys Dance 1930s
  11. 31st anniversary quarantine style

So go ahead, plan the wedding of your dreams, but don’t forget to include understanding the property law that will govern your wedding in your preparation forever. Make it a part of your to-do list.

When you enter into a marriage contract here in the Philippines, you and your partner become one, not only in heart, mind and soul, as our wedding ceremonies always remind us. You also become a pocket, a pool of assets, a balance sheet! But nobody says it explicitly, and then almost always, people sign an indefinite contract without really knowing what they are getting into.

Whether you are about to get married or have been married for many years, let’s take a look at the property laws that govern your marriage.

Absolute community of property vs conjugal partnership of gains

If you got married before August 3, 1987, your marriage is governed by the Conjugal Earnings Partnership (GIC). Under this law, the spouses retain ownership of property owned before the marriage. Only the fruits or income derived from these previously acquired assets will form part of the common mass or of the conjugal assets. Then, all other property acquired by one or the other of the spouses during the marriage will also form part of the common mass.

Since August 3, 1987, under the Family Code, marriage in the Philippines has been governed by the Absolute Community of Ownership (ACP). By virtue of this law, the husband and the wife become joint owners of all the goods which they bring to the marriage and of those which they acquire during the marriage. This means that even those you inherited from your ancestors and those you bought while you were single will be part of the CPA.

There are three exceptions to this rule:

1. Property acquired during the marriage free of charge or, in profane language, a gift made to one or the other of the spouses, unless the donor stipulates that the gift is also part of the PCA. I have heard of wealthy families donating to their child after marriage in order to retain sole ownership of the child.

2. Property for personal and exclusive use. Of course, your clothes, underwear, etc. should no longer be part of the CPA; it is not hygienic. 🙂 Note however that jewelry is part of the ACP. Expensive bags, which cost like jewelry, are not yet considered part of the ACG, so they still go to your personal property.

3. Property acquired before marriage by one or other of the spouses who have legitimate descendants from a previous marriage and the fruits or income from such property.

In view of the above, it is best for spouses and future spouses to sit down, understand and recognize the laws governing their marriage. No amount of “Her’s Her Own” or “I don’t meddle with the properties he inherited from his family” will do, for the reality is that whether you like it or not , if you are the rightful owner of any property, you have both the privileges and the obligations attached to that property. Furthermore, the fundamental reason for our property laws is the recognition that the family is the basic unit of society. And for this family to be successful, they must know their resources and make full use of them.

It reminds me that it’s time to update our balance sheet, which my husband and I also discuss on our anniversary. 🙂 Do you find it too cold and unromantic? Well, I’m telling you, money issues due to lack of healthy communications about it is what could make romance go away even in the most romantic of couples. In fact, if you’re creative enough, there is romance in asset allocation!

Let’s continue this conversation on our live broadcast from Thursday August 12, 1989 at 11am with a newlywed couple, Enzo and Julia Bonoan. Join us live on Kumu or FB Live!

Happy 32nd birthday to The Honey. I look forward to spending many more years with you – with all the fun and challenges, including updating our track record. Because indeed, we are not only a heart and a soul, but a single assessment!


1. If you haven’t yet, I encourage you to take the FQ test with your jowa / spouse / special someone. https://fqmom.com/fqtest

2. Take your jowa / spouse / special someone on a high FQ journey with Mak and Emong to understand your respective financial behavior. Read together the “FQ Book 2”! Order here – https://fqmom.com/bookstore/.

To learn more about “FQ Book 2”, watch this short video.

3. Join us on Kumu and FQMom FB Page every Thursday at 11am

4. Please subscribe to my new FQ Mom podcast. If you would prefer to consume this article in audio and listen to additional comments and ideas, please listen to my podcast on the platform of your choice.


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