Did you know that over two-thirds of Americans would rather talk about their weight than discuss their finances? And it’s even tougher for women to bring up the subject. According to the 2015 Fidelity Investments Money FIT Women Study, 80% of women have refrained from speaking about money with a significant other. There are many reasons for avoiding sensible conversations about finances. Some people find money talk to be “tacky”, some fear being judged by others, while many were raised to never speak about finances. However, open conversations about money, especially with loved ones can actually help women live a more secure – and more peaceful – financial life.
But how do you have those courageous conversations? Kathleen Burns Kingsbury – a wealth psychology expert, founder of KBK Wealth Connection, host of Breaking Money Silence and an internationally published author and speaker – offers timely tips on how to speak openly about money with those closest to you.