Last week was Talk Money Week, this is an annual awareness campaign coordinated by the Money and Pensions Service to encourage everyone to open up and talk more about money issues.
It aims to reduce the stigma around money by encouraging conversations among families, friends, neighbours, customers, colleagues, and communities. Talking openly about money can have a huge impact on tackling money worries.
Research shows that people who talk about money:
- make better and less risky financial decisions.
- have stronger personal relationships.
- help their children form good money habits for life
- 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 income shocks, life events and whatever the future throws at us.
Last week we held three drop-in sessions at 17 Eastcheap to give people the opportunity to discuss money issues and to give them more information about the Letchworth Financial Health Project and it’s programme of financial capability community workshops
For tips on how to get this conversation started visit How to have a conversation about money (moneyhelper.org.uk)