Do you talk about money with friends and relatives?

@puccagirl (7303)
Israel
September 15, 2010 5:16am CST
I am just curious when it comes to habits around the world. Where I live, it is not considered to be polite to ask others about money, how much they earn, how much they pay for stuff and so on, so most people do not really discuss money openly with their friends and family, and I don't either. How is it where you live? Do you feel comfortable talking to others about your or their financial situation and earnings etc? Or are you like me?
6 people like this
23 responses
@suspenseful (40201)
• Canada
15 Sep 10
I will talk about money in a general sense, that is, if I expected to pay full price and got it on sale, I will tell how much it was originally and how much I really paid for it. Also if someone thinks that I made of money, I am always tempted to say well I get this much a month and really cannot afford that and if they say why are you able to pay for this thing, (something they consider a luxury) I will say because I paid for it. I have a friend who thinks that I am made of money. The others do not, so I tell them I am on a budget without telling what I am budgeting for, so I guess I am rather evasive. I feel the reason that people do not like to talk about money is because if they mention buying something, there will always be that someone who says "well if you could afford to get that, you could have gotten that." So they keep quiet.
1 person likes this
@puccagirl (7303)
• Israel
17 Sep 10
Oh yes, now that you mention it, I do talk about very good deals I got on sale and such things too. I guess I like to brag about good bargains, haha! So I suppose I do talk more about money than I thought! Thanks for your reply!
1 person likes this
@suspenseful (40201)
• Canada
17 Sep 10
It is the strange thing, that sometimes I do not go to get things on sale. However when I get to a store and see something I like and when I am at the cashier, I look at the receipt and say "I thought it said so much," then I get the information that it was on sale. Sometimes the sales person will tell me up front, but sometimes not. So to me it is an expected bonus and I sort of let everyone know.
• Malaysia
15 Sep 10
No, I do not ask them about how much my friends or relatives pay for stuffs. If they volunteer information,that is alright. most times,if at all, we talk about money, it will have to do with investments. We can talk of buying properties, commodities or the stock market. I do know of people who are fond of talking about interest rates!
1 person likes this
• India
16 Sep 10
NO iwont speak with friends and relatives about money. because i know if i speak also about money they just comment on us . Secondly when we are in need of money no relative will help us . SO I DONT LIKE TO DISCUSS ABOUT MONEY TO MY FRIENDS AND RELATIVES
1 person likes this
@puccagirl (7303)
• Israel
17 Sep 10
Yeah, I think people who are very into investing talk more about money and finances than others, so you are probably right about that, gracefuldove.
@mimpi1911 (25466)
• India
15 Sep 10
Even though I do not mind people I know talking about money matters, I, myself, would find it uncomfortable discussing my financial status with others. I never ask anyone about the same as well. If they someone happen to share stuffs with me its OK. Sometimes, talking it out helps. I only discuss my private matters which includes money with my mom. She has been a great help and I confide in her to get emotional support.
1 person likes this
@puccagirl (7303)
• Israel
15 Sep 10
Yeah, I think that makes sense, that people who do not want to discuss their own finances do not really ask others about their's either. It's only fair if you ask me!
@sjhaeki (797)
• Philippines
16 Sep 10
I never actually asked my relatives about that, cause just by looking at them, they seem to be the type of people who are earning well. Like the amount they work for it somehow equates to the amount they'll get. And the opposite gives me the same effect too. I ask or talk about financial matters with friends and relatives when discussing which company would be a good one to start off a job, like what pays well and gives good treatment or incentives. I know it's a delicate matter, but there are ways to ask about it, since it is also important to know that stuff too. Hmmm... for me though, I try to analyse things from the information I've seen and from how they talk about it. If they complain about their job but still continue it and have shown good outcome like having a stable life I'd take it they are paid well, but if they don't actually improve then they are paid less or just enough. If they are still looking for other jobs while already in one either - the job doesn't pay them enough or they just want to make more or something like that. Although I'm curious to the exact amount, but then they'd probably tell me about it plus interests, taxes, divisions, subtractions and all that mathematical stuff which would just hurt my brain.
1 person likes this
16 Sep 10
i think, its no problem talking about money to our friend. maybe our friend can help me to solve our problem about money. but it depend on yourself,,,,
1 person likes this
• United States
15 Sep 10
no i don't beacause i don't like people all in my business.
1 person likes this
• United States
15 Sep 10
I talk about money with my close friends and my mother. My friends and I are all pretty broke so sometimes we complain to each other about how we don't have enough money to spend. We know each other really well so we all know we are just kidding around. As for my mother, I help her pay her bills so we also talk about money. With people you don't know too well then personal finance shouldn't be a topic I think I could trust the people I know well with how I'm dealing with money issues.
@misheli (552)
• Philippines
15 Sep 10
I discussed money problems only to my sisters. I don't feel uncomfortable talking about money to friends.
1 person likes this
• United States
16 Sep 10
Hi there. It's kind of weird in America...you have people from all backgrounds mixed together. Obviously that's a beautiful thing, but it can make it hard to communicate with some people. With money, some people will mention that they can or cannot afford a certain item, for instance, and it leaves you to guess. Personally, I'm completely comfortable talking about money with others. Mostly because I'm doing extremely well with it, and I try to teach others to live frugally. My husband and I are 27 and 22 respectively, and only make about $35,000 per year between the two of us. Yet we have about $20,000 in retirement funds and investment accounts while I speak. Since most people don't think this is possible, if money gets brought up I try to help them understand that it's not how much money you make...it's how you manage it. So yes, I am very comfortable speaking about money...but it's about reaching out to people, attempting to lead them to that "Aha!" moment where they realize you CAN be super happy and live frugally. I guess I'm also a bit biased here since I'll talk openly to anyone about anything. Deep issues, money, hard issues that have nearly killed me in my past that I wish others to learn from, etc. There is very little with which I won't share my experiences. I think that's why myLot has been so good to me...
@puccagirl (7303)
• Israel
17 Sep 10
That is great, if you are able to help others, you really should talk openly about it! I do agree that the management of money is the key to stretching every penny and being able to afford almost everything you want. (at least in the long run) Great reply, thanks for taking the time to answer!
@deve_annrn (1856)
• Philippines
15 Sep 10
Hmmm.., It's not like that here in the place I live.., Most of us are open to each other with our financial constraints.., But with regards to earnings., Some does not feel comfortable sharing how much they are earning.. But some people don't mind sharing..,I don't mind talking about it too..=)
@puccagirl (7303)
• Israel
17 Sep 10
That is exactly what I mean! Things like this are so different in different countries, and it is very interesting to hear how this may differ in different countries. I am glad I started this discussion, and thanks for answering!
• United Arab Emirates
15 Sep 10
puccagirl with me its ok only with close friends and relatives. Now a days money discussion is the main topic. Moreover how to earn online is what everyone wants to know lol....
@puccagirl (7303)
• Israel
17 Sep 10
Oh really? Where I live most people are not interested in earning online at all. So I honestly do not have anyone to talk to, except on MyLot (Which is fine too of course, don't get me wrong or anything!)
@k1124n4ku (122)
• Indonesia
15 Sep 10
i talk about money with my friend sometimes. but i only talk about what my friend or i do to get money. cause maybe my friend has a financial problem and needs to be help, or my self need help. i never talk my earning or my friend earning or salary. i'm comfort talking about money just to share not to know others earning.
@puccagirl (7303)
• Israel
17 Sep 10
That's nice, that you do it to help your friends. I totally respect that!
@incus99 (1085)
• Philippines
15 Sep 10
I openly talk about money matters to friends and family... but I also do find it impolite to ask how much one earns... I enjoy discussing ideas regarding money.. it enhances my emotional quotient and business acumen...
@puccagirl (7303)
• Israel
15 Sep 10
Yes, I agree. I do not mind talking about ideas and investment strategies and stuff like that either, but not about other people's or my own numbers... I have no idea why! It is is just the way I was raised, I suppose..
@ddaguno (3107)
• Philippines
15 Sep 10
Only if I am really close to someone, I would open a topic regarding money and income. but if it is just an acquiantance I probably won't. People who talk about their income to other people with out any good reason is either bragging or asking for pity.
@puccagirl (7303)
• Israel
15 Sep 10
Yeah, I think you might be right about that, ddaguno. It is a weird to talk too much about your finances unless it is really for a reason, I agree!
@indahfth (11164)
• Indonesia
19 Sep 10
Talking about money is a sensitive matter. I often talk about money with family, but we did not ask about the total income. But we often talk about the price of basic necessities.
@sender621 (14921)
• United States
16 Sep 10
I don't like to talk about money with friends and relatives. It can bring discomfort to your conversations with them and your relationships. They may feel you are bringing up your financial status because you need a helping hand from them. Personally, i think it is only my business to know about my financial concerns. there is really no need for friends and family to know things unless you are in some kind of business relationship with them.
16 Sep 10
Money is really a sensitive tope between people and it is one's individual privacy,so in my country people do not talk about or ask the money others earn.
• Malaysia
16 Sep 10
yes you true.. me also dont like to talk about money to my relative and my friends, it my finance...
• United States
16 Sep 10
I don't want to talk about money with friends and family, but I am always forced into it. I don't always have money, so I don't like to talk about money, but my friends and family always force the issue. I am so broke right now, and the last thing that I want to think about or talk about is money, but people constantly bring it up.
@flagella08 (5067)
• Philippines
16 Sep 10
i don't talk money matters that often with people especially when they're not that close to me. i find it unethical and aside from it's none of my business. people's financial status are easy to predict based on their assets and the way they move and talk. also, consider the house, car and work too. from that you can apparently form conclusions.