Let's Talk Money...

By FMB on 

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This week (7 - 11 November) is Talk Money Week, a campaign created by The Money and Pensions Service to try and encourage people to talk openly about money to improve their financial wellbeing. Despite the events of the last two years having a widespread impact on people’s finances, many people still see talking about money as taboo.

There can be many benefits to talking openly about money*, including:

  • Feeling less stressed or anxious and more in control
  • Making better and less risky financial decisions
  • Having stronger personal relationships
  • Helping your children form good money habits for life

As Financial Planners, having open and honest conversations with our clients and gaining an understanding of their worries and goals for the future is crucial in helping them achieve and maintain financial wellbeing.

As we recover from the Covid-19 pandemic and with current cost-of-living pressures, we think it is as important as ever to incorporate open conversations about money into day-to-day life, whether that be with a partner, friend or family member. This can help us to build financial confidence and resilience to face income shocks, life events and whatever the future throws at us. Start the conversation today! If you're unsure how to approach these conversations with your loved ones, The Money & Pensions Service has some useful guides.

* The Money & Pensions Service, 2022

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