But frankly, I think its time we abandon that line of thinking.
Talking about money with others might feel uncomfortable or awkward, but it can be so beneficial.
I had the opportunity to read Lowrys book andchat with her via Facebook Live.
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Here are my major takeaways.
Discussing money can be tricky.
Even as someone who writes about finances for a living, Ive struggled with this in my personal life.
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The first chapter of the book leads with a great example.
A negotiation expert poses this question: How much are you willing to pay to avoid an awkward conversation?
Did you know?
By choosing not to have a conversation about money, you could end up losing out.
For example, if you dont negotiate salary with your employer, you could wind up being underpaid.
If you dont discuss poor spending habits with your spouse, you might delay reaching big personal goals.
Lowry put it best duringour live Q&A.
The fear of being judged about those numbers is what makes many people reluctant to talk about finances altogether.
But there are ways to discuss money without mentioning any dollar figure.
Another strategy Lowry discusses in the book is using the over/under method when asking someone about salary.
Talking in percentages is an additional way to discuss money without going into specifics.
For example, you’re able to talk about retirement savings as a percentage of your salary.
However, Lowry says its fine to let money talks be something that evolves over time.
Keeping the conversation ongoing can help it feel less uncomfortable over time.
If youre not sure how to kick off a money discussion, Lowry includes dozens of sample scripts.
We often pay for that avoidance.
We rack up debt trying to keep up with friends.
We work at companies for years never knowing about wide pay disparities.
We get married without being on the same page financially with our significant other.
Broke Millennial Talks Money breaks down how to have these crucial conversations about finances.
Almost everyone can relate to one of the situations discussed in this book.
Nicole Dow is a senior writer at The Penny Hoarder.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
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