Tips on starting money conversations...

Here at FinWELL we’re all for good money conversations but how do we do it? 

It’s not always easy and most of us don’t prioritise talking about money as it’s often deemed to be difficult, it might start an argument or may also embarrass us if our financial affairs aren't in tip-top condition. 

But help is at hand, take a look at our top tips to start a money conversation today...

Tips to start a money conversation:

• Use the world around you to get the conversation going – if you see something on the TV or a post on social media that can help start a money conversation then use it.
• Give advance warning – being off guard about a money chat can take people by surprise and put up barriers so let the person know in advance that you want to have a money chat.  Give them chance to think about it and come back later once they’ve had a chance to mull it over themselves.
• Be clear before you start – practise what you want to say in your head and think about the questions that might be asked by the other person, that way you can have your response ready. 
• Plan your opener – sometimes all you need is to get that first sentence out and the conversation will start flowing.
• Listen – remember to give the other person time to absorb, try not to interrupt and listen to their responses.  Some people may associate money conversations as arguments so be clear from the start that you don’t want this to end in a falling out.  Money solutions are best managed as a team, so work as one.
• Keep emotions in check – money can be such an emotive subject that it can make us angry or upset.  If you’re feeling too emotional may be put off the conversation until your mind is clear and you feel strong to manage the situation.
• Stay on track – there is always the temptation to bring other things up but avoid this if you can.
• Seek help – there are many organisations out there who can help if you cannot find a way forward. Check local support services and look online to see what’s available in your area. 

If you’re worried about debt talk to StepChange, Citizens Advice, National Debtline, Community debt support in your area.  
 
MoneyHelper also offers online support with lots of guidance around talking about money too.


Emma Waller (check out her avatar on these posts!) is FinWELL's Head of Content and oversees FinWELL Insights.

Emma is an award-winning financial wellbeing consultant with extensive experience supporting people to improve their financial knowledge, skills and behaviours and most notably co-authored Martin Lewis’s “Your Money Matters” book. ​