#154 Embarrassed About Money?

Published: Sept. 9, 2020, 2:59 p.m.

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If the words \'debt,\' \'credit score,\' or \'savings\' make you cringe, you are not alone.\\xa0\\xa0Money topics such as debt, student loans, salary, credit scores and even saving for the future can cause paralyzing anxiety.\\xa0In a\\xa0recent\\xa0study on financial literacy only 2 in 5 adults believe that, if their money could talk, it would say. \\u201cWe are working well together\\u201d\\xa0\\xa0

So,\\xa0to help improve your relationship with your money, we\\xa0are going to discuss\\xa010 potentially embarrassing money topics and\\xa0come up with\\xa0some suggestions\\xa0so we can\\xa0tackle them with confidence.

MorBEING\\xa0FINANCIALLY\\xa0literate, or understanding all aspects of your financial life, is crucial to becoming confident about money. But often, we\\u2019re too embarrassed or uncomfortable to talk about money openly. According to a 2013 Wells Fargo survey of over 1,000 adults, 44 percent of respondents said "personal finances" is the hardest topic to discuss with others, followed by "death" at 38 percent and "politics" at 35 percent.\\xa0Money topics such as debt, student loans, salary, credit scores and even saving for the future can cause paralyzing anxiety.\\xa0In a\\xa0recent\\xa0study on financial literacy only 2 in 5 adults believe that, if their money could talk, it would say. \\u201cWe\\u2019ve been a successful team.\\u201d\\xa0\\xa0So\\xa0to help improve your relationship with your money, we\\xa0are going to discuss\\xa010 potentially embarrassing money topics and\\xa0come up with\\xa0some suggestions\\xa0so we can\\xa0tackle them with confidence. \\xa0\\xa0

1.\\xa0Are you spending\\xa0well\\xa0above your means?

2.\\xa0Are you in debt because of overspending?

3.\\xa0Are you\\xa0in\\xa0debt\\xa0because of bad\\xa0financial\\xa0advice?\\xa0I

4.\\xa0Are you loaning money to friends and family?

5.\\xa0Do you have too many\\xa0Credit cards?

6.\\xa0Do you have\\xa0a\\xa0weak credit score?

7.\\xa0Are you being crushed under the burden of student loans?

8.\\xa0Are you enrolled in\\xa0a 401(k)?

9.\\xa0Do you not knowing how to save?

10. Can you talk about money with your significant other - and not fight?

Now that you\\u2019ve made it through the list (perhaps with a bit of squirming), don\\u2019t feel like you\\xa0need to\\xa0tackle all of this. Start small and commit to improving one aspect of your financial life at a time. Before you know it, the taboo money topics will be a little easier to discuss and manage\\xa0and together, we can Live Rich.\\xa0

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