Next week (9th -13th November) is Talk Money Week. People in the UK don’t talk about their money enough. Despite the COVID-19 crisis 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.
Talk Money Week is designed to increase people’s sense of financial wellbeing by encouraging them to open up about personal finance – from pocket money to pensions. Held each November, it’s an opportunity for everyone with an interest in financial wellbeing to get involved with events and activities across the UK, designed to help people have more open conversations about money.
Everyone has money worries – and for many, current affairs in 2020 have made these worse – but just as you can take actions to improve your physical health, you can take some simple steps to feel more in control of your financial wellbeing too. Research shows that people who talk about money:
• make better and less risky financial decisions
• have stronger personal relationships
• help their children form good money habits for life
• feel less stressed or anxious and more in control
Building money conversations into our everyday lives also helps us build financial confidence and resilience to face income shocks, life events and whatever the future throws at us.
For more information about Talk Money Week, please visit https://maps.org.uk/talk-money-week where you’ll find a range of guides to help you start the conversation. Join in the conversation online using #TalkMoneyWeek
If you’d like to have a conversation with us about your financial future, please call us on 0114 235 3500. We’re operating as normal but can also offer appointments by telephone or Facetime, Microsoft Teams and Zoom.