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Let’s talk money – it’s harder than talking about sex

My name is Max and I talk about money. Admitting you can talk about money is a good thing for you and your children. For the previous generation, they saw shame in having financial difficulties and often kept quiet about money troubles. Are you teaching your children to be open about money?

Death and money

After your death, your money is left behind. I remember a work colleague whose father was so secretive about money that the son knew nothing about his father’s wealth. He never knew how much his father earned or his pension etc. In a morbid way the son was looking forward to his dad dying, so he could finally see his father’s finances.

Money talks

We all pick up habits from our parents and this may include accumulating debt. If you’re going to have a money chat with your other half or a close family member, consider these four tips:

  1. There’s never going to be a perfect time to talk money. Allow space to talk.
  2. Choose a place where you won’t be disturbed and have some paperwork handy.
  3. Involve anyone who has a stake in the money discussion, as money can cross generations, e.g. borrowing money from the in-laws.
  4. Consider what the other person may say, then come up with answers. Use a friend who isn’t involved to role play the conversation.

When talking about money, it not only brings your emotions to the front, but also may bring up the emotions of the other person. Getting angry or upset might interfere with the outcome. If you’re feeling emotional, try to defer them to another time and place; stay focused on the money conversation.

There’s no need to feel guilty about wanting financial security, but many of us shy away from talking about money. Research showed that 48% feel uncomfortable having proper conversations about money. Of those people who have financial conversations, nearly two-thirds feel uncomfortable about tackling the money talk.

The more you talk about money, the better your life and your relationships. Conversely, ignoring money talk can create problems, as our lives are entwined with finances and trust.

ChildMax will pay your take home salary for 12 months while you’re on unpaid leave, caring for a sick child. It’s budget friendly: a parent with 2 young children with a £2,000 take home salary per month, would expect to pay either a £75.77 single annual payment or for easy budgeting an initial payment of £12.63 followed by eleven monthly payments of £5.74.

Visit or call 0333 323 0098 for more information.


Date: 15 April 2019 by Max Robinson