Want More Money? Then Talk About It!

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When it comes to money many of us are a closed book.  We either make vague statements, change the subject or suggest that things are actually better or worse than they are.  However, we are quite happy to show off our new TV, new car or new phone but won’t disclose the contents of our latest paycheck.  So why don’t we talk about money?

 

Society wants us to believe that wanting money is a bad thing.  If you want money you are greedy, selfish and obsessed.  Therefore, we naturally shy away from disclosing our financial successes for fear of people believing that it is all we care about.  Alternatively, we may worry that our own success stories may make others feel bad.  As though your success may diminish their successes or even emphasise their shortcomings.

 

Even worse is when we suffer a financial setback or make a mistake.  Failing to discuss this with someone or seek help can mean that we assume the burden ourselves.  Maybe we will never find a way to fix it.  You might get lucky and figure it out yourself.  What if you don’t?

Related posts:

This Is Why You Are Poor

Things You Buy Every Week That I Don’t

 

Is managing such an important part of our lives privately the best way to ensure that it goes well?  When drawing parallels with other areas of our lives such as health and fitness, you can see that many people make huge weight losses when they join Slimming World.  Or are more likely to attend a gym class if they go with a friend.  Support and discussion can make a significant difference when it comes to meeting our goals.  The same is true of our finances.

 

Humans are sociable creatures. We like to talk. But not about money! It is time to change that. Discuss your finances and watch your bank balance grow! #moneymaking #money #finance #lookingafteryourpennies

How would this work with money?

I am a believer in being honest about your money.  You don’t have to tell everybody but at least tell someone.  The best person to start with is your partner.  Make sure that you are aware of each other’s finances and discuss your financial goals.  Make short term plans.  Medium term plans. Long term plans.  And review them regularly.  My husband and I talk about money everyday.  We tell each other what we have coming in, what is going out, what we would like to spend it on, whether we need to adjust our savings goals and where we can cut costs.  Every day!

 

Once you are having that conversation with your partner, you can branch out and talk to a friend.  I have a couple of good friends who help motivate me with money.  We share our successes and failures regularly.  We know each others goals and we question our decisions.  External eyes on your finances can find new ways to save and make money.  It can be easy to overlook that TV subscription as a necessity but when someone who doesn’t have it looks at it, they will question your view on this.

 

Celebrate your successes

Sharing your financial wins with your friends means that there are more people to help you celebrate.  A few more people saying “well done” will help keep you motivated.  You’ll want to meet your next goal and these friends will help you get there.

 

And you’ll support them too.  They may reach their goals before you meet yours.  But don’t get jealous!  Learn from them!  When someone loses weight, the first question most people ask is “how did you do it?”  Do the same with money!  If they saved £500 last month, ask “how did you do it?”  They may have an excellent idea that will help you do the same.  Knowledge is power!

 

Talking about money outside of your “circle”

Personally I talk about money all the time.  But that is because I like it.  However, there is a lot to be gained from doing so.  I enjoy sharing tips and ideas on money making ventures or the best bank accounts or debt free strategies.  If people are listening then perhaps you are helping them.  Even if you just make them question whether there is a different way.  Or maybe they will share their own bit of advice and you’ll walk away with something else to try out.  If you aren’t talking about it then you’ll never know.

 

Humans are sociable creatures. We like to talk. But not about money! It is time to change that. Discuss your finances and watch your bank balance grow! #moneymaking #money #finance #lookingafteryourpennies

Managing money isn’t easy

Money isn’t taught in schools much.  As a high school maths teacher, I can say this fairly confidently.  But everybody has money at some point in our lives and we all get a choice about what to do with it.  As with all aspects of our lives, there are good and bad choices, but without information we cannot make an informed choice.  Talking about it is the answer.

 

Recommended reading:

Rich Dad Poor Dad by Robert T. Kiyosaki

I Will Teach You to be Rich by Ramit Sethi

 

Make it your challenge to talk about money.  Buddy up with a friend and commit to being honest.  If that still sounds scary, talk to me!  I’ll talk right back at you about my finances too.

 

Disclaimer:  Remember the information you read here does not represent financial advice.  Any ideas or suggestions are just that and may not work for you.  Read the full disclaimer here.

Humans are sociable creatures. We like to talk. But not about money! It is time to change that. Discuss your finances and watch your bank balance grow! #moneymaking #money #finance #lookingafteryourpennies

Posted by Charlotte Jessop

14 comments

Karen Lanzetta

Good post!
We do the best we can with our money but still make mistakes 🙂

Charlotte Jessop

We are only human! 🙂

Stephanie Eiler

I love what you said about being honest with your money, especially with your partner!! My husband and I are very honest with our money and are also supportive of what each other makes at our jobs. It’s so good to know you have someone who has your back and who you can confide in about financial decisions and situations.

Managing your finances is something that should be taught from an early age. This article is food for thought.

Jen @ Jenron Designs

Great read there is such a a focus on green homes and LEED certifications for commercial buildings these days. I am happy to see the focus on this area of design.

I think it’s still relatively taboo to discuss money in society. We’re raised to be silent about that and salaries. I believe in transparency when discussing money to demystify expenses. If I’m paying more for the same service as you I would love to find out how I can lower my costs. This is why I’ve started writing a blog series about budget itineraries for high traffic cities to help those who worry about money do less of it!

Good read. Discussing finances is definitely something people shy away from.

This is so true. Talking about money even just to the people closest to you is the best thing you can do 💗

Talking about money is so important but I find it hard being from England, I noticed you used the pound sign, are from England as well? How do you get your friends to openly talk about money?! Tips please!

Charlotte Jessop

Yep! Fellow Brit here! It is hard. I think I started talking about ways I made money online to help my friends. They then started to come to me asking for ideas. This lead to more open conversation. I find if I share my situation then people are more willing to share theirs. 🙂

Shawn @ Healthy Wealthy Skinny

This is a great post. I think it’s very important to talk about money. Especially with your spouse. I share both the good and the bad. It’s great to have someone cheering you on to success.

Charlotte Jessop

Absolutely! My husband and I are each other’s financial cheer squad.

Live Learn Better

Being honest with ourselves about money is key and ultimately bring accountable will keep us on track

Charlotte Jessop

Absolutely!

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