Talking about finances can feel just as taboo as talking about politics with co-workers; but what if it didn’t have to be this way? Today we’re chatting about the conversations we all should be having with our friends, family, and partners about money. Listen in, then tell us how you approach your important conversations!
- Kids on 45th: An established thrift store in Seattle, now selling online! You tell them your style, sizes, + types of garments, and they handpick clothes + ship to your door! Try out a box for your kiddo! Kidson45th.com
- Student Loans: Ever fall in love with someone and get tricked into marrying them only to find out they have a ton of student loan debt? Happens to the best of us including my husband. Don’t worry, if your partner has more student debt than what they make in a year it can be paid off but only if you talk about it first. Just ask Travis. Student loan debt, don’t make big life decisions without knowing how much is involved.
What the Internet has to say:
- This article from Real Simple outlines a list of conversation we should be having with the important people in our lives!
What Jen + Jill have to say:
- Where does our money go?
- Are we on track for the future?
- Do we need to change up tasks/duties?
- How do we want to balance risk with investments?
- Consider and define need vs. want
- College planning
- Credit cards
- Retirement plans
- What about emergencies?
- Long term care
More from the Internet:
- This article from Common Ground gives tips on how to have difficult conversations, and provides helpful insight for any potential tenuous discussion!
More from Jen + Jill:
- How to bring up difficult topics – know what you want to say (AND THE PURPOSE OF SAYING IT!!)
- Choose the right time
- When someone else wants to talk be aware of your body language, work to hear their point of view, acknowledge the person, avoid lecturing, manage emotions
BILL OF THE WEEK: Kelly thanks for sharing your double bill! Local community college fixing your time belt! BILL THE INSTRUCTOR! It doesn’t get better than this!
- If you want to submit your bill of the week visit frugalfriendspodcast.com/bill to leave us a bill
How we talk about money with our families
- Jill shares how she approaches this with Eric
- Jen shares how she talks money with Travis and family
Frugal Friends Book Club: