It’s tricky to talk about money from an honest place. Some people may feel inclined to dial down what their existing financial situation really looks like, offer up vague responses to questions about how much they earn or may try to change topics altogether to avoid touching on any taboos.
Jordan Lee, CEO and founder of Backer, said transparent communication is key. Transparency will help break more barriers and stigma surrounding talking about money. If you care for and trust the person you’re talking to, you should feel comfortable opening up about a big purchase or investment you made or a financial situation you’re struggling with, like debt. And vice versa –they should feel comfortable talking about money with you so everyone is on the same page.
“Talking to friends about money leads to better financial decisions and gives people the necessary encouragement and support to achieve important financial milestones,” said Lee.
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May 27, 2022 at 06:13PM
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7 Financial Habits That Can Improve Your Relationships - GOBankingRates
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