{"id":280676,"date":"2025-06-08T03:51:55","date_gmt":"2025-06-08T03:51:55","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/talking-with-friends-about-money\/"},"modified":"2025-06-08T03:51:55","modified_gmt":"2025-06-08T03:51:55","slug":"talking-with-friends-about-money","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=280676","title":{"rendered":"Talking With Friends About Money"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div itemprop=\"text\">\n<p><strong>Talking with friends about money is important. Not only with your significant other but also with your friends. It\u2019s just another topic of conversation. Let\u2019s line them up with topics like work or dating, as it is just as important. <\/strong><\/p>\n<p>I would say talking about money is one of the most important topics, as it is often <strong><a href=\"https:\/\/radicalfire.com\/break-the-money-taboo\/\">a taboo subject that gets ignored<\/a><\/strong>. A lot of people don\u2019t have <strong><a href=\"https:\/\/radicalfire.com\/money-and-confidence\/\">confidence<\/a><\/strong>, knowledge, or interest in the topic. This often goes hand in hand. Once you lift up your confidence, knowledge, or interest, it will lead to an upward spiral of personal finance goodness. <strong>Personal finance really can be an empowering part of life, if you work with it and are not against it. <\/strong><\/p>\n<p>More and more, I notice that personal finance gets avoided in conversations. It doesn\u2019t get to the top of people\u2019s priority list, even when finances are an undeniable part of life. <\/p>\n<p><strong>Getting good with finances requires practice, like getting good at anything in life requires practice. <\/strong>It\u2019s about learning how to <a href=\"https:\/\/radicalfire.com\/how-to-declutter\/\">declutter your home<\/a> and <a href=\"https:\/\/radicalfire.com\/things-to-sell-to-make-money-fast\/\">sell the things you no longer need<\/a>, thinking about what is important to you, making a <a href=\"https:\/\/radicalfire.com\/stick-to-your-budget\/\">budget <\/a>(and <a href=\"https:\/\/radicalfire.com\/stick-to-your-budget\/\">sticking to it<\/a>), spending less on <a href=\"https:\/\/radicalfire.com\/spend-less-on-groceries\/\">groceries<\/a>, and learning how to <a href=\"https:\/\/radicalfire.com\/get-over-your-fear-of-the-stock-market\/\">invest<\/a>. These are all part of a much larger picture: reaching your financial goals. Whether it\u2019s financial independence, early retirement, becoming debt-free, or anything in between. <\/p>\n<p>We work out to achieve health, we work hard to get a good career, we spend time with our loved ones to get great relationships, why isn\u2019t money on that list? It can be uncomfortable at first, but believe me: budgeting and <a href=\"https:\/\/radicalfire.com\/make-saving-money-fun\/\">saving money is fun<\/a> too!<\/p>\n<p>As with everything, it gets easier when you\u2019re not doing it alone. <strong>Talk to your friends about money and reaching your financial goals will become easier!<\/strong> Let\u2019s dive into the dos and don\u2019ts of <strong>talking with friends about money<\/strong>.  <\/p>\n<h2 class=\"wp-block-heading\">Dos And Don\u2019ts Of Talking With Friends About Money<\/h2>\n<p>You should be aware of the fact that talking about money can be uncomfortable for some people. You don\u2019t want to offend anyone that is making other decisions than you are. Treat your friends \u2013 and everyone for that matter \u2013 how you want to be treated. <\/p>\n<p><a href=\"https:\/\/partnersinfire.com\/lifestyle\/what-is-an-empath\/\" data-type=\"URL\" data-id=\"https:\/\/partnersinfire.com\/lifestyle\/what-is-an-empath\/\" rel=\"noopener\">Showing empathy<\/a> and respect are the basics of a good talk. Once you have that covered, I would say simply go for it! Ask the things you want to ask and talk about the things you\u2019re currently dealing with, it\u2019s great to have some money talk with your friends!<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Group of men sitting at a table with coffee cups and laptops MSN.\" class=\"wp-image-93724\" data-lazy-srcset=\"https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-Men-talking.jpg 1200w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-Men-talking-300x169.jpg 300w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-Men-talking-768x432.jpg 768w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-Men-talking-150x84.jpg 150w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-lazy-src=\"https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-Men-talking.jpg\"\/><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-Men-talking.jpg\" alt=\"Group of men sitting at a table with coffee cups and laptops MSN.\" class=\"wp-image-93724\" srcset=\"https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-Men-talking.jpg 1200w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-Men-talking-300x169.jpg 300w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-Men-talking-768x432.jpg 768w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-Men-talking-150x84.jpg 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><figcaption class=\"wp-element-caption\">Image Credit: monkeybusiness\/DepositPhotos.<\/figcaption><\/figure>\n<\/div>\n<h3 class=\"wp-block-heading\">Dos Of Talking To Friends About Money<\/h3>\n<ul class=\"wp-block-list\">\n<li><strong>Go first <\/strong>\u2013 something very important that I found, go first! People are often not comfortable with sharing their exact finances when you\u2019re asking the questions but not talking about your specific numbers. <\/li>\n<li><strong>Ask open-ended questions <\/strong>\u2013 if there are some things that you want to know more about, ask an open-ended question. That way they can talk about it if they feel comfortable, but they can give a general answer or skip the topic when they don\u2019t want to talk about it. <\/li>\n<li><strong>Start with a general topic <\/strong>\u2013 Start with some you\u2019ve read online, a way that really worked for you, a specific app that you\u2019ve read about. In that way, everyone can chip into the conversation if they want to. <\/li>\n<li><strong>Be supportive <\/strong>\u2013 it\u2019s amazing when people celebrate with you! I\u2019ve negotiated a 20% raise this year and I was so proud, so I love my friends to celebrate that with me. You really show your support to people by cheering for them when they\u2019ve accomplished something awesome. <\/li>\n<li><strong>Stay true to yourself <\/strong>\u2013 some of your friends are spending money on things you don\u2019t value, or are having some spending habits you don\u2019t feel comfortable with? Just do you. You don\u2019t need to keep up with them and you don\u2019t need to impress them. <\/li>\n<li><strong>Give suggestions<\/strong> \u2013 share some suggestions with your friends when they are for example not sure what do to on the weekend, or how to save some money. You can give them your tips and tricks, to help them. <\/li>\n<li><strong>Be open-minded<\/strong> \u2013 everyone\u2019s situation is going to be different. Keep an open mind and realize that everyone comes from different backgrounds. All your friends will have different upbringings, goals, lifestyles, incomes, and careers. That\u2019s all okay. Don\u2019t worry about where you fall \u2013 you shouldn\u2019t compare yourself to your friends anyways. If you\u2019re keeping an open mind and realize that everyone is different, most of the (financial) differences can be overcome. <\/li>\n<li><strong>Offer your help <\/strong>\u2013 if you have some advice for your friends, in any form, share them! You can help them by actually offering advice, by replacing the fancy dinners every week with home cooked meals, or by recommending a book to them. <\/li>\n<li><strong>Be honest <\/strong>\u2013 in order to grow in the area of money and finances, you should be honest. Avoid pretending someone you\u2019re not, your friends should accept you either way. Being honest with yourself and others really show where you are in terms of finances. You don\u2019t need to know everything \u2013 being a lifelong learner is the most important thing. The most honest and open you are \u2013 the better you will become financially. <\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Don\u2019ts Of Talking With Friends About Money<\/h3>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Pink-haired woman saying NO MSN\" class=\"wp-image-94272\" data-lazy-srcset=\"https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-woamn-saying-no.jpg 1200w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-woamn-saying-no-300x169.jpg 300w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-woamn-saying-no-768x432.jpg 768w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-woamn-saying-no-150x84.jpg 150w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-lazy-src=\"https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-woamn-saying-no.jpg\"\/><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-woamn-saying-no.jpg\" alt=\"Pink-haired woman saying NO MSN\" class=\"wp-image-94272\" srcset=\"https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-woamn-saying-no.jpg 1200w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-woamn-saying-no-300x169.jpg 300w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-woamn-saying-no-768x432.jpg 768w, https:\/\/radicalfire.com\/wp-content\/uploads\/2024\/02\/MSN-woamn-saying-no-150x84.jpg 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><figcaption class=\"wp-element-caption\">Image Credit: DepositPhotos\/Halfbottle.<\/figcaption><\/figure>\n<\/div>\n<ul class=\"wp-block-list\">\n<li><strong>Don\u2019t make assumptions <\/strong>\u2013 when you\u2019re talking with f<strong>riends about money<\/strong>, be aware that you never know someone\u2019s full financial story. Even if you do, don\u2019t make any assumptions about others and their financial decisions. There is always a story behind it. <\/li>\n<li><strong>Don\u2019t judge <\/strong>\u2013 like mentioned before, you don\u2019t know someone\u2019s story. If you\u2019re having a great financial talk and someone is feeling judged, you\u2019re 99% sure that the financial talk will stop there. Try to keep an open mind and be empathic towards someone\u2019s situation. <\/li>\n<li><strong>Don\u2019t be financially awkward<\/strong> \u2013 if you have that friends that are always drinking cocktails while you\u2019re sitting over there sipping your water, their bill might be higher than yours. That friend who\u2019s always asking you to go on all inclusive holidays in the high season. Be open towards them and tell them what\u2019s on your heart. Tell them \u2018thanks for inviting me, I\u2019m really trying to save and I would love to be there \u2013 can we plan something that doesn\u2019t involve spending money next time?\u2019<\/li>\n<li><strong>Don\u2019t compare yourself <\/strong>\u2013<strong> talking with friends about money<\/strong> should be about lifting each other up. <\/li>\n<li><strong>Don\u2019t be jealous <\/strong>\u2013 often jealousy is coming from comparing yourself to others. It is holding you back, whether you want it to or not. <\/li>\n<\/ul>\n<p>You want to be the supporting type of friend that people love to surround themselves with. However, protect your energy and make sure that your friends also are the <a href=\"https:\/\/thefemaleprofessional.com\/types-of-people-surround-yourself\/\" class=\"rank-math-link\" rel=\"noopener\">types of people you love to surround yourself with<\/a>!<\/p>\n<p><strong><em>Do you talk with your friends about money?<\/em><\/strong><\/p>\n<div class=\"saboxplugin-wrap\" itemtype=\"http:\/\/schema.org\/Person\" itemscope=\"\" itemprop=\"author\">\n<div class=\"saboxplugin-tab\">\n<div class=\"saboxplugin-gravatar\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"100\" height=\"100\" alt=\"Radical FIRE Financial Independence Retire Early - Ecuador Photo with Dog Labrador\" itemprop=\"image\" data-lazy-src=\"https:\/\/radicalfire.com\/wp-content\/uploads\/2019\/01\/Knipsel.webp\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/radicalfire.com\/wp-content\/uploads\/2019\/01\/Knipsel.webp\" width=\"100\" height=\"100\" alt=\"Radical FIRE Financial Independence Retire Early - Ecuador Photo with Dog Labrador\" itemprop=\"image\"\/><\/div>\n<div class=\"saboxplugin-desc\">\n<div itemprop=\"description\">\n<p><strong>Founder of Spark Nomad, Radical FIRE, Journalist<\/strong><\/p>\n<p>Expertise: Personal finance and travel content<br \/>Education: Bachelor of Economics at Radboud University, Master in Finance at Radboud University, Minor in Economics at Chapman University.<br \/>Over 200 articles, essays, and short stories published across the web.<\/p>\n<p><strong>Experience<\/strong>: Marjolein Dilven is a journalist and founder of Radical FIRE, a personal finance platform, and Spark Nomad, a travel platform. Marjolein has a finance and economics background with a master\u2019s in Finance. She has quit her job to travel the world, documenting her travels on Spark Nomad to help people plan their travels. Marjolein Dilven has written for publications like MSN, Associated Press, CNBC, Town News syndicate, and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Talking with friends about money is important. Not only with your significant other but also with your friends. It\u2019s just another topic of conversation. Let\u2019s line them up with topics like work or dating, as it is just as important. I would say talking about money is one of the most important topics, as it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":280677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[6450,832,3559],"dealstore":[],"offerexpiration":[],"class_list":["post-280676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-friends","tag-money","tag-talking"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Talking With Friends About Money - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=280676\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Talking With Friends About Money - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Talking with friends about money is important. Not only with your significant other but also with your friends. It\u2019s just another topic of conversation. Let\u2019s line them up with topics like work or dating, as it is just as important. 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Not only with your significant other but also with your friends. It\u2019s just another topic of conversation. Let\u2019s line them up with topics like work or dating, as it is just as important. 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