{"id":767,"date":"2022-11-14T11:56:16","date_gmt":"2022-11-14T11:56:16","guid":{"rendered":"https:\/\/www.redstareducation.co.uk\/blog\/?p=767"},"modified":"2022-11-14T11:56:16","modified_gmt":"2022-11-14T11:56:16","slug":"why-we-should-be-talking-about-money","status":"publish","type":"post","link":"https:\/\/www.redstareducation.co.uk\/blog\/why-we-should-be-talking-about-money\/","title":{"rendered":"Why we Should be Talking about Money"},"content":{"rendered":"<p>There appears to be a social taboo on talking about money. Many of us find talking about our personal finances strange or uncomfortable\u2026 but we don\u2019t need to! In fact, talking about money can be really important, and here\u2019s why\u2026<\/p>\n<h2>Goodbye Shame, Hello Freedom<\/h2>\n<p>Starting open and honest conversations about your finances can help reduce any <a href=\"https:\/\/www.redstareducation.co.uk\/blog\/how-money-concerns-can-impact-your-mental-wellbeing\/\">stress or shame<\/a> you might be feeling.<\/p>\n<p>Many people face financial struggles and have money worries. In fact, <a href=\"https:\/\/wagestream.com\/en\/state-of-financial-wellbeing-cost-of-living-2022\/\">Wagestream\u2019s 2022 Cost of Living Repor<\/a>t found that 70% of UK employees are now worrying about money. Despite this, we often don\u2019t realise that a lot of people are dealing with the same issues as us.<\/p>\n<p>Talking about money can help reduce some of the stigma around financial converstaions and help you realise that you are not alone.<\/p>\n<h2>Sharing Tips<\/h2>\n<p>Talking to people you trust about money can open up a safe space where you can share any tips with each other.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-770\" src=\"https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-ann-h-2789779-scaled-e1666872813496-800x290.jpg\" alt=\"\" width=\"601\" height=\"218\" srcset=\"https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-ann-h-2789779-scaled-e1666872813496-800x290.jpg 800w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-ann-h-2789779-scaled-e1666872813496-600x218.jpg 600w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-ann-h-2789779-scaled-e1666872813496-768x278.jpg 768w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-ann-h-2789779-scaled-e1666872813496-1536x557.jpg 1536w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-ann-h-2789779-scaled-e1666872813496-2048x742.jpg 2048w\" sizes=\"auto, (max-width: 601px) 100vw, 601px\" \/><\/p>\n<p>Is there a certain tool they use to help them budget? Do they have a method they use to reduce spending?<\/p>\n<p>You don\u2019t have to adopt their strategies yourself if they don\u2019t seem right for you, but it\u2019s a free and useful way for you to generate new ideas that you hadn\u2019t previously considered.<\/p>\n<h2>Talking about your Salary<\/h2>\n<p>Talking to people in similar jobs about your income can help you see whether you are being paid enough for your work. This may encourage you to seek a new employer or request a salary increase, which would in turn improve your financial situation.<\/p>\n<h2>A Helping Hand to the Next Generation<\/h2>\n<p>Talking about money can improve the financial literacy of your children. After all, how can they be expected to manage their finances and make responsible and beneficial financial choices if they\u2019ve always been taught to avoid them?<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-772\" src=\"https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-julia-m-cameron-4145354-scaled-e1666873045421-800x416.jpg\" alt=\"\" width=\"498\" height=\"259\" srcset=\"https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-julia-m-cameron-4145354-scaled-e1666873045421-800x416.jpg 800w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-julia-m-cameron-4145354-scaled-e1666873045421-600x312.jpg 600w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-julia-m-cameron-4145354-scaled-e1666873045421-768x399.jpg 768w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-julia-m-cameron-4145354-scaled-e1666873045421-1536x799.jpg 1536w, https:\/\/www.redstareducation.co.uk\/blog\/wp-content\/uploads\/pexels-julia-m-cameron-4145354-scaled-e1666873045421-2048x1065.jpg 2048w\" sizes=\"auto, (max-width: 498px) 100vw, 498px\" \/><\/p>\n<p>You can start by <a href=\"https:\/\/www.redstareducation.co.uk\/blog\/simple-exercises-to-teach-your-children-about-money\/\">introducing them to the money basics<\/a>, so that they grow up to feel confident and assured when dealing with financial situations.<\/p>\n<h2>Talk to your Partner<\/h2>\n<p>Talking to your partner about money can help you avoid arguments further down the line.<\/p>\n<p>Are your financial goals aligned? What are both of your attitudes to money?<\/p>\n<p>You don\u2019t have to have the exact same attitude to money but it\u2019s important to understand your differences. You can be on different pages, but not a different book\u2026 failing to talk about money together can create resentment as you might fail to understand each other\u2019s financial choices.<\/p>\n<p>Additionally, if you have a joint bank account or both have your names on your mortgage or bills, any financial mistakes either of you make can affect the credit rating of the other\u2026 so talk about it!<\/p>\n<h2>Stay Judgement-free<\/h2>\n<p>When having these conversations about money, it\u2019s important to let each other speak honestly and openly, without interruption or fear of judgement.<\/p>\n<p>Creating this safe space is particularly important if you think someone you know might be being financially abused, as victims often struggle to seek help.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There appears to be a social taboo on talking about money. Many of us find talking about our personal finances strange or uncomfortable\u2026 but we don\u2019t need to! In fact, talking about money can be really important, and here\u2019s why\u2026 Goodbye Shame, Hello Freedom Starting open and honest conversations about your finances can help reduce [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[70,123,72,91,192,19,186,115,25,128,185,190,184,189,188,129,191,187],"class_list":["post-767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-debt","tag-finances","tag-financial-advice","tag-financial-adviser","tag-financial-illiteracy","tag-financial-literacy","tag-honest","tag-mental-health","tag-money","tag-money-concerns","tag-open","tag-pay-rise","tag-personal-finances","tag-salary","tag-shame","tag-stress","tag-underpaid","tag-worry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.2 - 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