Why is it so hard to talk about money?

It’s surprising, isn’t it? Money affects everything we do, yet most of us would rather talk about anything else. Often, this is because we feel judged, or we think we should already know all the answers.

Remember, most of us weren’t taught about saving and investing at school. It’s a complex world, and getting help has traditionally been reserved for a minority.

But here’s the empowering part: once you start talking, you realise you’re not alone. Talking about money isn’t just about sharing numbers; it’s about sharing goals, hopes, and anxieties.

 

Tips for starting the conversation

The key is to keep it natural and relaxed. Don’t wait for a huge financial crisis. Instead, ease into it with a light touch. But, if you do currently feel like you’re in a bit of a crisis, there’s nothing more important than just starting the conversation – because the more you talk about it with friends or family that you trust, the lighter it can feel.

Here are other tips to help you start a conversation on money.

  1. Use a catalyst: Talk Money Week is a great excuse. You could send a message like, ‘I saw this article about Talk Money Week and it made me want to share something with you’.
  2. Start with a goal, not a problem: Instead of saying, ‘I’m worried about my debt,’ try, ‘I’m dreaming of buying a place in five years. Have you got any tips on saving for a deposit?’ Talking about an outcome – like a dream holiday or a bigger home – makes the conversation positive and aspirational.
  3. Make it a regular check-in: Don’t let it be a one-off, dramatic event. Schedule a brief, regular ‘money date’ with your partner or a friend. Keep it short and to the point, and use it to check you’re on track with your goals.

 

Who should you talk to?

Start with people you trust. A partner, a close friend, or a family member is a great beginning. And start the conversation now. It’s your means to more freedom, and less financial stress.

Remember, money conversations don’t need to be perfect – they just need to happen.

 

We do not offer personal financial advice or make specific recommendations based on your individual circumstances. If needed, seek independent financial advice before making decisions regarding your financial goals.