How to talk to your family about money

Money is one of the biggest sources of stress and disagreements in families. The fact that talking about money is avoided by many doesn’t help the situation. There are several reasons why we find talking about money, even with our nearest and dearest, awkward.

First, money isn’t just about the money itself. An individual’s or family’s financial status becomes intimately linked with their identity. Financial status is often used to subconsciously judge success, meaningfulness, intelligence, beauty and trustworthiness. Money becomes not merely about the value of things, but the value of the people who possess it.