The community that makes money bites sized
What does money mean to you?
It might be the bus fare that gets you to the 9-5. The debit card that you tap to get your morning coffee. The credit card that it’s all too easy to whip out when your bank account isn’t as full.
Money means something different to everyone, according things like your personal values, what it is you want from life and how often your parents discussed money with you growing up – if ever.
And part of why our ideas and language around money are so different from one another is simple: we don’t talk about money.
We know money is important. So, why can’t we just get over ourselves and talk about money?
Here are 4 key reasons why we don’t talk about money:
1. We consider it taboo. We put off the difficult conversations about money with that friend who always seems to have to leave before it’s their round to buy drinks at the pub or the partner whose little habit has a habit of throwing out your budget for the month.
The problem is that keeping the topic of money so taboo means that we don’t share our ideas or values when it comes to money. It means that you can end up partnered up in a relationship with someone who has a completely different set of habits or drivers when it comes to managing their money than you do.
Arguments and problems over money are a leading cause of divorce and long-term relationship break-ups. I don’t know about you but I’d rather talk about money early on in a relationship before some dude with a bad spending habit becomes entitled to half my stuff.
2. We consider it rude. Take it from me, some people simply do not like talking about money. I’ve been to a dinner party and been shamed for asking someone how much rent they paid. Actually shamed. You might see it in the frown and stare you get from your boss when you attempt to talk to your colleague about how much they are being paid. Let’s be clear here, that attitude only benefits your boss and the organisation they represent.
Because cultivating a sense of rudeness around talking about money means that organisations can get away with paying you less than you’re worth on the gamble that you won’t talk about money with the guy sitting next to you who is paid more than you.
3. We consider it boring. I’m so guilty of this one. My Dad once tried to talk to me about finance when I hit 20 and moved to another state for my first fulltime gig. I simply didn’t listen because I was an Arts major and the term finance itself was boring to.
Approaching money using the same language as a financial expert excludes people from the conversation because it’s not a language they can connect with – and if you can’t connect with something, you do what we all do when something just doesn’t interest us: we switch off.
And we can’t afford to do that because money is common to us all, it touches all our lives and we need to talk about money in a way that brings more people with us in the conversation.
4. We consider it too hard. Money is hard. I really empathise with it feeling difficult. I spent much of my 20s on autopilot when it came to money, on a super low graduate salary and having to survive rather than thrive. Statements were boring and a lot of the time that information on whether to pay the minimum or full payment and the consequences of either decision is not made clear to us.
You have a life that is full and there often isn’t time to shop around for the best savings rate or most compelling retirement account. And when you do have time, you’d be hard pressed to find anyone who wants to spend their weekends reading through the product disclosure statements of their superannuation accounts.
It requires additional effort. It’s hard. But when I think about the amount of money I’d have now if my 20-something self had got off her ass and put in that effort now, I’d act in a heartbeat.
If you haven’t previously engaged much with your money then yes, it will initially be hard to start taking action and I completely empathise with the fact that people’s different circumstances can make that harder. But the results and security that come from having more control over your money are so worth it.
And that’s my personal plug. Part of the reason I start Money Bites is because once I got over my excuses with money, I wanted to talk about money. I wanted to get involved and learn from real people – not just another financial expert. I wanted to see real experiences and learn from others.
And that’s why Money Bites exists.
- Money Bites is a community platform that talks about money.
- We make money bites sized so that more people can talk about it.
- We share financial literacy so that more people can enjoy financial wellbeing and eventually, financial independence.
Money affects us all and as a reader, you are part of this goal to make money bites sized.
I will commit to sharing relevant content with you. I will be there. In return, I want you to share the Money Bites message and pay it forward.
Forward Money Bites to someone you love, whether it be your daughter, your friend or partner. Send Money Bites on to someone you care about so that they are more able to talk about money.