Conversations about money can be difficult. We don’t like talking about it. Close to half of us would rather talk about sex, drugs or politics than the dreaded M word.
Yet these conversations are some of the most important ones to have. The more you open up and talk about money – even the really difficult conversations – the better your life and relationships will be.
Not talking about money can be a source of stress, anxiety and unnecessary problems for many families. Personal finances are intertwined – how we handle money affects those around us, and vice versa. Our partners' money choices have an impact on us and our financial future. We’re in this together.
Getting on the same page means we can set shared goals. And we can protect our financial lives as we move in and out of relationships.
Unsure how to start the money conversation? Below you’ll find resources to help you get started, including tips on how to get a good outcome and share money goals, and what to do if the conversation gets tricky or doesn’t go as planned.
So many good things come from talking about money.
Parents and carers play a crucial role in building kids' confidence with money. There's a direct link between what you do and what your child’s long-term financial behaviour will be.
Many of kids' long-term money attitudes and habits start to form by the age of seven! The sooner you start to talk with your child, the better.