Let's talk about money

Few topics are more awkward to talk about than money and pensions. That’s why we're supporting the Money & Pensions Service (MAPS) have launched their Talk Money Talk Pensions Week campaign.

Talking openly about money is vitally important for our:

• Health
• Wealth
• and relationships

Even so, many people still find talking about money difficult. At the very least it can make us feel awkward. Some of us worry that we’ll be judged or treated differently once we talk about our financial situation.

Not only is it worthwhile to talk about money, it’s essential. And the more we talk about it, the easier it becomes.

What is Talk Money Talk Pensions Week? 

The idea behind MAPS’ Talk Money Talk Pensions Week campaign is simple. All of us can start a conversation about money or pensions, and see where it goes. By talking, we can:

• Share our money and pension worries, which could reduce our stress
• Take a closer look at our spending habits, and get ideas on how to save money
• Find out how to get help with debts

During Talk Money Talk Pensions Week, we’ll be looking at:

• How talking about money and pensions can improve our health and wellbeing
• All the ways we can improve our finances by talking about money
• Why having important conversations about money can improve our relationships with our friends and family

What are the benefits of talking about money and pensions?

• Make better and less risky financial decisions
• Have stronger personal relationships 
• Feel less stressed or anxious and more in control
• Reduce the stigma around being in debt.

And the more often we talk about it, the greater the benefits.

What if I can’t talk about money right now?

Not everyone feels ready to talk about money or pensions immediately.

For some, these are complex, emotional topics that can bring up difficult or uncomfortable feelings. And the more we keep those feelings inside, the more they can grow. We may worry that we’ll feel judged or lacking in basic skills and understanding.

On average, it takes a year for a person to get in touch with StepChange for debt advice after first recognising that there might be a problem. 

Frequently, it’s not until a relatively simple issue becomes much more serious that a person chooses to seek help. This can cause a great deal of stress that could be avoided if the conversation had started sooner.