Talking about money can get awkward – but that doesn’t need to be the case. Whether you’re discussing how to split bills fairly, spend a holiday budget or cut household costs, here are some ways to have easier, more confident conversations.
The key to any good money conversation is the what and when.
Not sure where to start? Viewing your transactions online can give you a really clear view of your money.
Know what your ideal outcome would be. The more facts and figures you have at hand, the better you can make your case – and you’ll feel more in control of the conversation. For example, if you want to borrow money from a friend or family member:
The way you talk about money is as important as what you’re talking about. Stay friendly and positive, and consider your choice of words. Try using ‘I statements’ instead of ‘You statements’. For example: “I think we could find ways to reduce our bills” is less confrontational than “You spend far too much on groceries”.
Be clear about what you need or want. If you need that £20 you loaned to a friend returned, tell them. If you can’t or don’t want to spend money on something, say so. And be upfront if you think it’s best if one or both of you had a conversation with your bank.
Don’t expect an answer on the spot if you’re talking about significant figures or budget changes.
Once you’ve wrapped up the conversation, make sure that everyone knows what the next steps are. That way, you can avoid a more awkward conversation in the future.
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