4 Uncomfortable Money Talks You Need to Have | MoneyStrands

Answer this – honestly:

Where do you want to be in five years?

I’m not interviewing you for a job here, but answering this is a good exercise to know if you’re moving in the right direction to meet your financial goals. And the truth is, you’re going to have to face some money conversations to get there successfully.



You’ve probably realised that money talks are driven by emotions. But the thing is –  it’s all about communication. Although money is a topic that’s challenging for many people, it’s about expressing your true thoughts clearly.

Having financial talks go a long way toward securing success in other areas of your life. So start make money conversations a priority in yours. Let’s get started.


1. Asking for a pay rise

It’s a nerve-wracking experience, but if you’ll eventually need to ask for a pay rise if you’ve been doing your job successfully. Take your time to do some research, set out your reasons and choose your timing.


2. Negotiating 401K and bonuses

Thinking of retirement in your 20s may sound ridiculous, but it’s not. Consider negotiating 401K and bonuses and start building your retirement savings.


3. Deciding who pays

Whether you’re grabbing lunch with a friend, or sharing a meal with your in-laws, awkwardness immediately settles in when the bill comes. Here’s a good article on how to deal with the “Who pays?” conversation.


4. Money and your significant other

Having the money discussion with your love partner isn’t the most fun you’ll have with each other, but it’s a very healthy sign in the relationship to be honest about about assets, debts, loans, savings goals, and anything else money-related.



A money talk shouldn’t be a one-time thing. Not only do the realities of our lives change (jobs, homes, people…) but there’s also value in looking at whether the actions that came out of previous money conversations are really bringing positive changes in your situation.


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