Have You Had The Financial Facts Of Life Chat?

Talk Money Week aims to encourage us all to start conversations about cash. VICKY SHAW learns how

- Vicky Shaw

THE idea of starting a conversation about money can make many people feel stressed, or even embarrassed. But by having that vital chat, you could improve your own financial wellbeing – and perhaps even end up feeling relieved.

Talk Money Week (November 8-12) aims to encourage people to start conversations about money.

“Talking openly about money is vitally important for our health, wealth, and relationships,” says Sarah Porretta, propositions, insights, and external engagement director at the Money and Pensions Service.

“It means we can be prepared to tackle potentially tricky situations – whether it’s splitting a bill with friends, broaching the topic in the workplace, or helping a child form good financial habits.

“People who talk about money make better and less risky financial decisions, have stronger personal relationships, and feel less stressed or anxious and more in control. Whatever your situation, Talk Money Week is the perfect opportunity to start.”

In general, Sarah suggests talking about money when you’re in a comfortable setting, listening as well as talking, and making sure you end the conversation with some positives.

Here are some ideas for approaching money conversations in specific situations...

Talking money with friends