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This week marks the annual campaign to get the nation talking about money.
Each November people are encouraged to talk about managing money, from pocket money right through to pensions, and to celebrate the work that is done by thousands of organisations to build financial well-being across the country.
Why talk money? Talking openly about money is vitally important for our health, wealth and relationships. The effect of COVID-19 has made it more important than ever to start conversations about money.
Research shows that people who talk about money:
+ make better and less risky financial decisions + have stronger personal relationships + help their children form good lifetime money habits + feel less stressed or anxious and more in control.
Building money conversations into our everyday lives also helps us build financial confidence and resilience to face whatever the future throws at us.
If we’re not prepared, we can struggle to cope when an income shock happens or a life event changes everything.
Here are some helpful guides for talking about money:
Talking to your partner about money
Talking with friends about money
Talking to your kids about money
Talk Money Week 2022