Research by the Money and Pensions Service has revealed that people in the UK don’t talk about their money enough. Even with Covid-19 affecting our finances, 9 in 10 UK adults – that’s 47 million of us – don’t find it any easier to talk about money or don’t even discuss it at all.
We understand that talking about your finances can feel uncomfortable. However, this week is Talk Money Week and couldn’t be a better time to start having some open conversations about any concerns you may have about your finances.
Talking openly about money can have a huge impact on managing your overall wellbeing. However, just as you can take action to improve your physical health, you can also take some simple steps to feel more in control of your financial wellbeing too.
If you talk about money, you’re more likely to:
- Make better and less risky financial decisions
- Have stronger personal relationships
- Help your children form good money habits
- Feel less stressed and more in control.
We’re here to help
Our Advice and Wellbeing team is available and ready to talk to you if you have any concerns about your financial situation.
Our wellbeing specialists offer free and confidential advice to help you to find the right support, access the benefits and grants you’re entitled to, manage your money better and more.
If you’d like to speak to our Advice and Wellbeing team, please contact us. One of the team will be in touch to discuss your situation and work with you to find the best solution for you.