5 Tips on Discussing Financial with People Nearby and How To Improve It

Some people are often reluctant to talk about finances.  Maybe it comes from the discomfort to express.  Even the talk of money is often avoided.

 There is also talk of money often causes feelings of anxiety, shame, to anger.  While talking about money can be important for input and a picture of the future.


 Launching from Forbes, Saturday (10/26/2019) following five tips on communicating about money

 1. Get to know finances first

 How much you save is an important indication of finance.  Because conversations about finance can turn into a debate when money is at the root of the problem.

 Then communicate by finding a middle ground so as not to cause new problems with money.

This is the first step to improve communication.

 2. Take time to talk

 Take time to express when you start feeling depressed and disturbing every day.

No need to always discuss finances with a partner, even with parents is possible.

 But to talk about it, find the right time so that the message delivered becomes clearer and at least can help you to get out of financial problems.

 3. Don't underestimate other people's input

 Don't underestimate the presence of people next to you who have helped make financial decisions.  It could be your closest partner or friend.

Remember that other people's decisions are not necessarily bad, and personal decisions are not necessarily good.

 I need to respect the input provided.  Then open up first about your finances, then the input provided will be better.

 4. Distribute financial documents

 When you are in an urgent situation, make sure the people closest to you such as children, spouse, parents, or relatives also hold securities about the property.

This allows them to know how your financial situation is.

But make sure you give the letter to someone who is truly trusted to help.

 5. Don't be afraid

 Fear is a natural thing, even financial experts once felt fear.  But make sure not to get too absorbed in fear that will eventually interfere with your decision making.

 If possible, you can just consult about finance with people who are more professional.

 Professional advisors can help you deal with complex problems and provide input that is consistent with your wishes.