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1 in 3 Don't like to Talk about Money

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Just seen on the Jeremy Vine show that 1 in 3 people don't like talking about money and don't like to pay someone professional for advice.

We went to a mortgage advisor when we bought our house and then when we remortgaged. I have never had a problem talking about money but I make sure that I do it in a sensitive way depending on who I am talking to.

Do you think that 1 in 3 is accurate or do you think it is higher?

MrsCraig
2 months ago
What do you think of this?
Lynibis
Lynibis2 months ago

I talk about anything to more or less anyone! Both my boys and oldest grandchild know my financial situation but I must admit I haven't ever paid for professional advice. It probably is true, but who can say, I don't really trust statistics.

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MrsCraig
MrsCraig
Original Poster
2 months ago

Our family is also aware of our financial position. We have only paid for financial advice once, when we bought our house as we didn't know where to start.

I don't mind talking about it if someone asks.

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ukheather
ukheather2 months ago

I am fine talking about money even though I have none due to my health etc.

Doesn't bother me

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MrsCraig
MrsCraig
Original Poster
2 months ago

It doesn't bother me either but I can understand that some people want to keep things private.

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Glitterandgold
Glitterandgold2 months ago

Our finances like most peoples have fluctuated up & down over the years, thats meant we have had to take financial advice on a couple of occasions, I think theres a big difference tho to talking to an expert & talking to friends & family. Our family certainly & probably some close friends have a loose knowledge about our financial situation but I wouldn't appreciate anyone prying too much. I certainly wouldn't pry into anyone else's.

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MrsCraig
MrsCraig
Original Poster
2 months ago

I agree, I would never pry into anyone elses finances. I think that most families and friends have a rough idea of their loved ones finances.

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1
eyeballkerry
eyeballkerry2 months ago

I have to share my finance with my family as I have so many different place where it is. If anything does happen to be it will like a treasure hunt for them.

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MrsCraig
MrsCraig
Original Poster
2 months ago

That sounds a bit like my parents. Although they have everything set out in their will, so makes it easy for us.

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MeestairChrees
MeestairChrees2 months ago

I don't mind talking about money, but I don't like paying people for anything if I can help it (though depends what it is).

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MeestairChrees
MeestairChrees2 months ago

Oh, and what exactly do you mean by paying a professional for advice though, other than a mortgage advisor?

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MrsCraig
MrsCraig
Original Poster
2 months ago

I was just going by what it said on the tv. It didn't give any examples, just said professional advice.

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Pjran
Pjran2 months ago

I was put off taking financial advise by a friend, her husband is an advisor and she told me their holiday home was paid by his commission. It also funds their extravagant lifestyle.

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MrsCraig
MrsCraig
Original Poster
2 months ago

I have only paid for advice once, when we originally took our our mortgage. I would try to figure out my finances by myself first as I reckon I would know what to do. I would only pay if I had too.

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hspexy
hspexy2 months ago

I’d say it’s higher than that. I’ve always found people to be quite conservative when it comes to discussions about money, particularly salaries, and most don’t even like to talk about it at work

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MrsCraig
MrsCraig
Original Poster
2 months ago

I think it is higher too. As I only heard what they said on tv and didn't read the article I'm not sure if it means money in general, such as what you spend on certain things or if it meant how much you earn, but people definitely don't like talking about their salaries.

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tumblespots
tumblespots2 months ago

Years ago I worked in a bank but until I met my husband I had never paid for financial advice. Then we used a mortgage broker who got us a few great deals over the years and I was really glad that we used them. 🐞

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MrsCraig
MrsCraig
Original Poster
2 months ago

The only time we've paid for advice was from a mortgage broker too and we were glad that we did.

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