To wonder if it’s really true that you should avoid discussing money with anyone other than those directly involved with your finances?

[HonestBrickSquid]

I see people all the time say not to talk about money with family, friends, colleagues, or really anyone in general. So, is it best to only discuss money with people who are directly tied to your finances, like your employer, partner, or those who manage your money? Or can discussing finances be okay with others in certain situations?

I have no issues discussing my finances should anyone wish to ask me, but I don't go around offering up the information unsolicited. Only my DH knows my salary, but I would happily tell someone if asked. My DH is public sector so his salary details are freely available if anyone knows his band and industry.

I think the nation is woefully financially uneducated, and more transparency and demysitification surrounding money talk would be a good thing imo.

Most wealthy people discuss finance with their wider circle and friends. Investment tips, cost of things, etc. I think it is a very working-class attitude to money; like my family, we never spoke about it, so weird in hindsight.

I'm happy to discuss mine with anybody if they have so little else of interest they wanted to hear about. Bog standard house with mortgage you'd not be surprised at at my age. Salary entirely conversant with my job and sector so no surprises there. No inheritance, no secret lottery win. The level of savings you'd expect given all the above and my lifestyle. Nothing to hide, nothing to see.

There is an unspoken hierarchy amongst the wives based on the bank, so a Nomura wife has less social capital than a BlackRock wife. The ranking is based on salary and performance remuneration; as you get wealth if you are in an equal relationship, you will discuss money frequently. Investment convos are constant. Deff raising my kids differently. No shame in money.

Haha

I think people need to read the Op

Op specified friends and family not that money shouldn't be discussed with financial institutions or services

I’m moving jobs and a colleague at my current job asked me this morning “whether money was a factor”. She said she’s been thinking about a similar move for a while but would need to think about whether the pay increase would be worth longer hours. She was clearly trying to be tactful and leaving it open for me to give a vague “yes it’s more money”, but instead I told her what I make now and what the new role is for. I think especially as women in a traditionally male industry that can still be a bit “boys club”, we benefit each other if we’re open about salary. I would never directly ask or expect it from anyone, but when friends have discussed salaries with me it’s helped me to make informed decisions and put me in a stronger position to negotiate.

Yes definitely. ‘Never discuss money’ is the same vibes as ‘I’m good with money so I would never use a credit card’