Today marks the start of Talk Money Week: an annual campaign each November to get the nation talking about money – from pocket money right through to pensions.
Why is it so important to talk about money?
We know it can be really difficult to talk about money matters, especially when you’re struggling. But talking openly about money really can really help our health, wealth and relationships.
Research shows that people who talk about money:
+ make better financial decisions
+ have stronger personal relationships
+ are helping their children form good lifetime money habits
+ and feel less stressed or anxious and more in control.
But even now, with the increased focus on household finances with the rising cost of living, talking about money is still hard. People find it difficult to open up about money and pensions worries, and perhaps don’t access expert help which is available to help them find their way forward.
So, Talk Money Week is really an opportunity to get that conversation about money going – with the knowledge that there are so many benefits to be had by doing so.
Being that bit more open about money with your friends and family can help you feel less alone, and help you take a step forward. Or, if you’re worried about someone else, starting a conversation could help make a difference to their money worries.
There is some excellent advice and ‘how-to’ guides on the Money Helper Website, see links below:
Want to know more?
Find out more about Talk Money Week in our latest podcast “Stuff you should know about money” – click here to listen to the podcast.