Here’s Why Conversations About Money are Awkward
Have you ever noticed that conversations about money are usually awkward? That’s because from a young age we weren’t taught to talk openly about our finances. But talking about money is the only way we can reach our financial goals, and teach our children how to be responsible with their money.
Here are a few things you can do to help you feel confident and comfortable having these conversations.
Understand What Money is and Why Money is Important
One of the easiest ways to get more comfortable talking about money is to understand exactly what it is.
Understand that money is paid based on the value provided. This shows you why people spend their money and what they might spend it on.
Involve your entire family in budgeting. This is your chance to explain and learn together the importance of allocating money to pay for things your family needs. Allow everyone to see your decision making process to help them understand why it’s so important to make plans with your money.
Start by setting (savings) goals that everyone in your family can participate in. This is a great opportunity to help your family understand the value of goal setting, planning, saving, and tracking their progress.
Normalize Money Conversations
One way to make money a topic that isn’t awkward is to incorporate conversations about money into your everyday life. Use daily tasks like explaining why you decide to purchase certain items at the store, or why your family wants to save for vacation as learning opportunities. This is a great way to create an open space for these otherwise awkward conversations.
Learn Basic Money Concepts
Everyday life is the best place to learn and understand basic money concepts. Starting small with these conversations can help you become more comfortable talking about how these concepts relate to your family’s financial situation and goals.
One of the biggest ways to help others around you make these conversations less awkward is to lead by example. The more healthy financial behaviors you practice and verbalize, the more likely those around you will understand the importance of those choices and follow in your footsteps.
When you normalize conversations about money, you not only help grow your confidence and comfortability discussing finances and financial goals, but those around you.
If you want to learn how to make these conversations a reality without the awkwardness, subscribe to my newsletter.
