It’s a funny thing, money.
On the one hand it can get us excited or give us a real sense of achievement (think reaching a savings goal).
On the other hand, it’s something we tend to keep to ourselves.
Whether our finances are in great shape or need a bit of TLC, having an honest discussion about finances with a partner or loved one could help you share your experiences and align your financial goals.
There are all sorts of reasons we don’t discuss money, and the psychology behind it is different for each of us.
Some of us had it drummed into us at an early age. Remember gran telling you it was rude to talk about money? Well, her advice should have come with a few caveats.
Another reason is that, for many of us, our sense of self and success is wrapped up with how financially successful we are.
So we play our cards very close to our chest. It’s also why we see people falling into the trap of using money they don’t have to project a false, more successful ‘version’ of themselves.
Some things are best kept to yourself (like your PIN!), but there are circumstances where you could really benefit from an honest discussion about your finances.
Here are a few examples:
Once you’ve decided to have the chat and chosen a trusted person to talk to, here are three steps that’ll help you make the most of your time:
So there we are. Opening up about your finances could be a great help, but remember – your financial information is private, so treat it with care.
You can still discuss goals, share hints and tips, and get advice without revealing sensitive information.
Or, talk to someone you can trust, if you’re considering building an investment portfolio! Our team can help.
Contact us today, to find out how we can help you achieve your goals.