NDSU Extension Service - Ramsey County

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Money Talk

Money Talk

 

                Talking about money isn’t always easy, but it is important. Generally, open communication about family finances results in better decisions. Family members will be more satisfied with decisions they helped make.

                Honest and candid communication takes time and effort.  One way to start talking about money is by identifying personal values. Values represent those things we cherish most. Values guide decisions. How you use time and how you spend money reflect your values.  Some values and attitudes toward money can be traced to childhood. What were your parents’ attitudes toward money? Was money a constant point of conflict—or perhaps a subject that was never discussed openly?

                Answering these questions may help you identify some of your values.

• Family. What type of lifestyle would satisfy you most? Would the choices that you made be the kind of choices you would like for other family members to make?

• Work. What do you like about your job?

• Future security. Are you comfortable buying now and paying later? How important is saving?

• Your World.  If you found a wallet with $1000 in it and the owner’s name and address, would you:  keep it, return it to the owner, or other

                Now compare. On what points do you agree or disagree? Can you see any differences in values and attitudes that may be causing conflict in your family?

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