How to talk about money
You’re not alone, talking about money is tough for many people. This is not just with each other but also with parents, children, siblings, and friends. And that’s okay.
Here’s four tips to making it easier to talk about money
- Schedule regular money talks: Establishing a routine for financial discussions makes the topic less intimidating and ensures it gets the attention it deserves.
- Be honest and transparent: Open communication about your financial situation builds trust and understanding, which are crucial for effective discussions.
- Set common goals: Identifying shared financial objectives, like saving for a holiday or paying off debt, helps unite you in working towards a common purpose.
- Be patient: Recognise that changing financial habits and attitudes takes time. Be patient with yourself and others during this process.
Focusing on these key strategies can significantly improve the quality and effectiveness of your financial conversations.
This information is of a general nature and is not intended as personalised financial advice. RIVAL Wealth is a Financial Advice Provider (FAP) licenced by the Financial Markets Authority to provide financial advice. Our disclosure document is located at rivalwealth.co.nz or a written copy is available on request
