5 Reasons People Don’t Talk About Money

People don't talk about money


Credit, Debt, Family

People don’t openly talk about money or finances. The school system leaves it out of the curriculum, and most parents avoid bringing the subject up in front of their kids. It’s even considered “rude” to talk about money among friends.

The issue with never learning about finances is not knowing how to make good decisions when spending. I see too many people living paycheck to paycheck even when they make a 6 figure salary because they don’t know how to budget their money. If you don’t have a plan, it is easy for money to slip through your fingers.

How can something so important rarely be discussed? 

1)Considered Taboo

It often feels inappropriate to talk about money. Discussing your income, spending habits, and budget are topics that rarely come up in a standard discussion. Most parents hide their money conversations from their children, so they don’t learn anything about it while they’re growing up. This leaves negative emotions tied to the subject like guilt, confusion, and even shame. 

While growing up, you learn multiple skills, but finances are seldom one of them. Finance management is a tool most people don’t have. The taboo runs so deep; it’s even uncomfortable asking family members questions about money.


Pro Tip: Start small. Begin by making it a fun conversation with your partner and daydream about what you would like to save for. You can eventually make this list into your Financial Goals to keep your savings on track.

2) Avoiding Conflict

Finances bring up many negative emotions for people, with stress being one of the most intense. You might be scared to offend your partner or feel like you are nagging them by bringing the subject up. They also might get incredibly defensive about their spending habits if it makes them feel uncomfortable. This is the recipe for resentment and eventually even a failed marriage.

Feeling like you are walking on eggshells is a terrible way to live and an unsuccessful way to communicate. The more precise your conversations are with your partner, the more likely both parties are to be comfortable with their financial situation. Knowing each person’s priorities and making room for savings is a great way to feel like a team.


Pro Tip: Plan a “Budget Date Night” with your partner. This is an excellent tool for communicating about finances in a fun way and having positive emotions tied to money. Take time to reset, review your budget, reflect on your goals, and work together for solutions if anything is off course as a team.

3) Not a Priority

Some people only think about finances in the current moment. They pay their bills, they don’t have much debt, and everything seems fine. They’re not considering needing more space for children, saving for college tuition, or planning for retirement. But, unfortunately, being stuck in the present time with no plan for the future can catch up quickly.

This is also an easy way for debt to build slowly. In most cases, mountains of debt don’t appear overnight. Instead, it can take years, even decades, and then suddenly, the minimum payments barely cover your interest, and you will be tens of thousands of dollars in debt because you didn’t get organized.


Pro Tip: Always keep track of your finances. Check your credit score at least twice a year, map out your debt often, and set financial goals to make budgeting easier.

4) Scared to Face the Hairy Monster

Denial and finances don’t mix. Many people are simply terrified to deal with the reality and to open the flood gates. Being in debt and uneducated on how to get your finances together can be highly overwhelming, making you feel helpless to talk about it.

The truth is, the earlier you deal with your financial problems, the easier it will be to take control over them. Money issues will continually worsen if you do not address them, and it’s better to start chipping away as soon as you can. Remember that getting your finances in order and saving money is the best way to invest in what you want in life rather than aimlessly spending money, and constantly stressing about your debt.


Pro Tip: Hire a financial coach to help you get organized so it isn’t overwhelming. It is less ominous to look at the numbers when you have a professional explaining everything to you and offering encouragement and a plan.

5) Naive to the Impact

Some people don’t understand the importance of financial stability; some are young and think they have plenty of time to figure it out, or they are just simply unaware of the consequences mindless spending can have on their life. As a result, they don’t know where to start or even have a conversation about finances. 

Some people think it’s just a simple cycle of a paycheck in, money out, working to pay bills with no education or plan behind it. However, there are ways to maximize your money and avoid debt to live with financial freedom; you need to learn how to take control.


Pro Tip: Get educated! The more you know about finances, the more they can help you achieve your goals and leave a family legacy behind.


Avoiding talking about money won’t make your issues go away; it will worsen them. Living in this way is stressful and can waste a lot of money. Avoiding getting into debt, making a plan, and living on a budget are essential steps for anyone who doesn’t want to work every day for the rest of their life. If you don’t think about saving for a house, tuition, or retirement early enough, it can be a massive issue in the future. 

If you need help to make your money work for you, find someone to guide you. No one knows it all; everyone should get educated about finances. I help you discover communication skills to feel comfortable discussing finances with your entire family to improve the quality of your life. 

Sign up for a free consultation to learn more.


Previous Post
Can Your Credit Affect Your Home Owner’s and Auto Insurance Premiums?
Next Post
Your Success Magazine: Feature Article

Leave a Reply

Your email address will not be published.

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed