Depending on who you are talking to, having an honest conversation about money can be an absolute nightmare. You need to be willing to be completely honest with anything that they ask, and not hide any information about your financial history. It doesn’t matter if you are going to take this step with your parents, a partner, or a friend, it’s just important that you do it at some point. Down below, we are going to be looking at some of the ways that you can have this conversation, so keep reading to find out more.
Keep An Open Mind
The first thing that you are going to need to do is to keep an open mind. Keep in your head that you are not the only one who is having this conversation, so they are likely nervous as well. You don’t want to judge anything about what they say, in the same way that you would not want them to judge you. It’s important that you are ready for anything, and that anything that is said you accept with understanding. Some people have a troubled past, especially when it comes to money, and you need to be supportive of whatever has happened. As long as they have some kind of plan to get their finances on track if they have not already done so, this is what matters.
Talk About The Hard Stuff
We know that you are probably going to try and avoid some of the pain points such as debt, but this is not a good way to have an honest conversation. You need to talk about the hard things and make sure that they understand why you are in debt. It might not be the most pleasant conversation you have ever had, but at least the person will be able to help you. For example, they may be able to recommend the services of a company such as Timberline Financial to help you through your debt crisis.
Don’t assume the worst of everyone and think that they are automatically going to walk away because you are in debt. It’s not the case, and more people than you might think will be understanding.
Come Up With A Plan
Finally, you should come up with a plan about what to do next with your finances. Of course, this is going to be the ultimate goal to get your finances on track, and if you have been with someone for a long time, it might be the goal to merge finances together. Just take a long, hard think before you commit to doing this because it is very difficult to undo once it has been done.
We hope that you have found this article helpful, and now see some of the things that you need to do in order to have an honest conversation about money. It can be a really tough experience if it isn’t something you are used to doing and it’s with someone new, but it has to happen at some point. We wish you the best of luck, and hope that it all goes well.