We don’t talk about money…. Personal finance is a lonely road
We’re all afraid to talk about money. It’s hard to manage or learn about something when you’re discouraged from talking about it.
Many of us grow up learning that money is one of a few topics — like politics, sex and religion — that you should avoid in polite company. Learning about money is intimidating, and there’s no structural system in place to teach us. Further still, we look at poor money skills as something to be ashamed and embarrassed of, which can keep us from being honest about money and seeking out the right kind of help.
There are few things that can cause joy, shame, contentment, anxiety and stress the way that money does. As income levels continue to stagnate and the income gap continues to widen, talking and learning about money is crucial. When you ignore your financial situation, minor problems happening on a regular basis build up into more substantial problems. The repercussions of not talking about our finances can be severe, with negative consequences to our health, wealth and happiness. It’s time we all change the story and open up about money.
Break the silence!
It’s hard to learn about something when you’re discouraged from talking about it. In that way, silence becomes a tool for oppression.
As an employer, if your employees don't talk about or understand how to manage their own money, how will they know what's really at stake when it comes to your business? By teaching them how to keep their finances in order, they'll be more in tune with helping to increase your bottom line. By giving your employees tools that few others have, they can now teach their spouses, children and friends sound financial skills. Taking the ripple further, you are helping society and our country by educating people in a necessary but under-taught set of life skills.
Financial education can be a significant benefit for employees. But did you know it also benefits employers?
Employees who are better at managing their finances are less likely to end up with financial woes. That may also mean fewer requests for salary advances or hardship company loans. Financial stress can impact your workforce in negative ways by reducing worker productivity and increasing absenteeism. In fact, financial stress is more common than you might realise, and because we don’t talk about, we are less likely to find out about it. Contact firstname.lastname@example.org today for effective Personal Financial Navigation training for your employees.