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Break Barriers to Openly Talk About Money
Rather than a taboo, talking about finances makes people smarter
Money is the word that must not be said. Talking about dollars and cents has been a social taboo. No wonder so many people feel uninformed about finances.
To counteract that, open conversations about money — whether with friends, family or financial advisors — are essential for breaking down financial barriers, reducing shame and fostering financial literacy.
Jim Wang and money experts at Experian have heard the clarion call to break down financial taboos and clear the air to have open, honest conversations about money.
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Wang founded Wallet Hacks, dedicated to sharing the best practices for getting ahead financially and in life. Experian is a consumer credit reporting company.
They emphasized the importance of talking about money and financial topics in general.
“The more we talk about it, the less ‘taboo’ a lot of money topics become,” Wang said. “That includes your salary, how much you save, your credit card debt and how you’re investing. By being open, especially with friends and family, you normalize these conversations.”
