Let's make this Thanksgiving the start of a new tradition!

As Thanksgiving approaches, we look forward to gathering with family and friends, savoring delicious meals, and sharing memorable conversations. However, one conversation that is often avoided is the discussion about money. This silenced dialogue about finances is a detrimental trend, especially among women.

A shocking 61% of women would prefer discussing their mortality over examining their financial matters. This financial silence puts us at risk of losing out on valuable insights from our peers' successes and failures.

This Thanksgiving, let's spark a change and encourage open discussions about our finances. Let's delve into topics like salary expectations, retirement plans, and teaching our children about money management. Starting these conversations paves the way for understanding and better financial decision-making.

The Dangers of Money Silence

1. The culture of silence around money particularly affects women who face unique financial hurdles. These include the gender wage gap, longer life expectancy, and career breaks for caregiving, resulting in a significant disadvantage in future financial planning.
2. Money silence hinders our negotiation power for salary increments or fair wages, as disclosures about earnings remain rare. Fear of being seen as boastful or insensitive may prevent us from celebrating financial accomplishments, limiting the learning opportunities from these successes.
3. Financial well-being is threatened by the stigma around money talk. Hesitation in seeking financial help or advice due to fear of judgement can lead to unaddressed financial crises. Relationships can also suffer due to avoided talks about financial instability.
4. Achieving financial freedom becomes an uphill task without open money dialogues as it inhibits informed decision-making, saving for retirement, and investment for the future.

Breaking the Silence - Steps towards Open Money Talks

• Talk about money with people you trust. Your partner, parents, or close friends.
• Don't be afraid to ask for help or advice from financial professionals.
• Educate yourself about money and financial planning. There are many free resources available online.
• Be open to learning from other people's experiences with money.
• Talk about money often to normalize the conversation.
• Ask questions about money.
• Challenge money silence when you see it.
• Lead by example and start talking about money more openly.

For many, discussing money is taboo, but it need not be. If you want to achieve your definition of success, you need to break the money silence and empower your relationship with money. Until and unless behavior changes, nothing changes.

If you need help getting started on exploring your personal financial narratives and values,?I have a FREE tool for you and your family to have a more in-depth conversation about money.?I created the?DIY Money Story Guide ?to help you use the AAA principles of change.

These are Awareness, Acceptance, and Action. It is possible to make a new story about how you approach your finances. This tool will help guide you in doing so!

Do you want to feel more financially secure, confident about your future, and get better results with your money??If so, it's time to start talking about it. Join me in breaking the money silence by downloading my free ebook guide here?NOW !

If you've made it this far but still feel overwhelmed or don't know where to start, don't worry! Have you read my book? It’s called The Money Belief Formula: Mindset + Behavior = Financial Success. Get your copy now by clicking here .

Sue Diamond, M.S.W is a Certified Financial Social Worker and Founder of The Herfinance Club, a virtual platform that provides financial coaching and resources for women to secure their future for years ahead.

Susan is the author of The Money Belief Formula: Mindset + Behavior = Financial Success. She can be found at herfinanceclub.com . To find out more about Susan visit here!

As a Speaker and author, Susan is on a mission to?socialize the idea that it’s OK for women to talk candidly about money and?inspire ONE MILLION women to start the money conversation with spouses, friends, or colleagues because when women are stronger financially, everyone’s better off.

Whenever you’re ready …

• Interested in improving your relationship with money or uncovering your money beliefs? Do you feel like you might have some blocks in business and your personal finances you’d like to clear? Contact me HERE to learn more.
• Keynote and corporate training – Let’s talk about bringing a program into your organization. Just contact me HERE or call (917) 780-2914 and we can talk about some ideas.
• Have a question about how I might be able to help? Let’s chat! Reach out to me at [email protected] or call (917) 780-2914

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