Life Kit How to talk about money with friends, from planning a hangout to splitting the bill
Dec 10, 2021
Otegha Uwagba, author of "We Need to Talk About Money," dives into the often awkward conversations about finances among friends. She discusses the challenges of managing relationships in a high-cost city and the emotional baggage that money can carry. Uwagba emphasizes the importance of setting boundaries around financial matters to foster understanding and prevent tensions. She encourages turning shame into open dialogue, promoting healthier financial relationships and stronger connections among friends.
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The Difficulty of Discussing Money
- Talking about money can be difficult due to its connection to personal value and potential judgment.
- Money conversations can help you identify compatible friends.
Honest Communication about Finances
- Be open about your financial limitations with friends.
- Suggest cheaper activities or offer to host to avoid overspending.
Navigating Conversations with Different Financial Backgrounds
- Be mindful of your audience and avoid complaining about money problems to less fortunate friends.
- Be honest about your financial successes but avoid bragging or insensitive comparisons.