Talking money and personal finance seems to be a taboo subject. We don't want to talk about our debt. We don't want to check our bank balance. It even causes rifts in our relationships; 26% of couples in a 2017 survey said money-worries placed a strain on their relationships - the highest stress factor on the list! So why do we find it so difficult to talk about, or take action over? Talk Money Week is breaking free from the stigma and knocking down our money walls by getting us all talking about money and our financial struggles - for our own good!
Organised as part of the Financial Capability Strategy for the UK Talk Money Talk Pensions Week kicked off yesterday and runs until 22nd November. It aims to “improve financial wellbeing by turning money from one of the UK’s least favourite topics of conversation into something as commonplace as the weather.” Talk Money Week 2019 is focused on shining a light on the great work thousands of organisation do to improve financial wellbeing and by providing the platform to get us talking about money. For some reason the subject of money and money issues gets most of us cringing and we seem to avoid being open and honest about our finances, but why is that? Whatever the reason, Talk Money Week encourages us to get out of our comfort zones, get talking and most important of all, it aims to get us accessing the help and support we need to have healthy and stable money relationships.
Why should YOU Talk Money this week? Only 38% of 7-17 year olds say they learned about how to manage money at school and 22m working-age adults do not feel that they understand enough about pensions to make decisions about saving for retirement. It is no wonder then that 100,000 people in problem debt attempt suicide each year in England. Not only can money problems directly affect your health but your relationships too, how many of us have hidden money issues from loved ones for fear it may cause issues or undue pressure? Opening the conversation is vital to our wealth, health and relationships too so Women Who Do are getting involved in the conversation. Women Who Do and Talk Money Week…
During Talk Money week Women Who Do will be shining our light on Penny Pal who help others up level their finances whilst keeping things digestible and interesting too. You will learn about who Penny Pal are, what they do and their top tips for saving money over two blog posts during Talk Money Week, we will also be giving you the lowdown on pensions, why they're important and how to find out more information about them. We want to encourage you to get involved and start the conversation about your financial health too, you can access further resources for impartial debt advice, money and pensions guidance at: https://maps.org.uk/talk-money-talk-pensions-week-2019/talk-money-talk-pensions-week/ Or join the money conversation and get involved with Talk Money Week on social media with hashtags #TalkMoney #TalkPensions.
Small Business Editor, Alex Preston
Alex is a small business owner, her retail outlet The Bottle Top offers an array of zero waste, sustainable produce, artisan food and craft beer. Recently shortlisted for Business of the year, Alex works on a number of community projects and initiatives to aid sustainable living, conducts
improvement planning to promote economy in her local community and mentors other business owners to help improve their social media marketing. She has been self employed for 5 years since becoming a mum and prior to shop life worked as a manager in the financial services industry,
Alex loves all things sustainable (obviously), crafting and will often be found researching climate
change or business news.
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If you have a small business story you'd like to share or advice for small businesses, please get in touch with Alex; hello@womenwd.co.uk
