Do's and Don'ts: Money Talk With Loved Ones
We know that it can be awkward to talk about money, and even having the money talk with your loved ones isn't always an easy conversation. It can be difficult to bring up bad spending habits or outstanding debt; however, if you're planning a family or thinking about tying the knot soon, talking money with your loved ones is a necessary evil. Because money can be a touchy subject, it's important to be conscientious of how you talk about it.
We've put together a basic guide for the right way to start these conversations.
It's important to remember to create an open and trustworthy environment. If you feel that your loved one is becoming uncomfortable during these conversations, take a step back and think about why they may feel that way. Understanding how someone manages money is an intimate conversation that shouldn't be taken lightly.