How Talking About Money Supports Financial Wellness

"Money continues to be one of the most challenging topics for many of us, often more difficult to talk about than politics, religion, or even our most personal histories. Yet money permeates every part of our lives. Many people live with constant fear, anxiety, and insecurity about their financial situation. Money worries remain one of the greatest sources of stress in Canada, and financial stress is cited as a leading cause of divorce,"

"Despite money being a significant stressor, many of us have been taught not to talk about it. We don't talk about money because it feels like a minefield. Conversations about it can feel overwhelming and intimidating. If we have a lot, we may feel guilty; if we don't, we may feel ashamed. When we feel things like fear, guilt, shame, or judgment, we tend to avoid or deny."

"It's a topic that is often avoided, but at the same time, unavoidable. The reality is that even when we aren't speaking directly about money, we're talking about it indirectly. We talk about money when we follow a "traditional" life path of school, post-secondary, career, marriage, and family. We talk about it through the clothes we wear, the cars we drive, the hobbies we choose, and even the photos we post on social media."

Money is a pervasive influence that often causes fear, anxiety, and insecurity. Financial worries rank among the greatest sources of stress and contribute to relationship breakdowns. Cultural norms and early experiences teach people to avoid conversations about money, leading to guilt, shame, and denial. Avoidance of direct financial discussion results in indirect messaging through lifestyle choices, possessions, and social media. Lack of open financial communication increases stress and undermines connection in close relationships. External economic forces like inflation and interest rates create real pressures, but individuals can still shape the quality and intent of their money conversations to build clarity and connection.

Read at Psychology Today