Why Don’t We Talk About Money?

Other than my family, I only have a couple of friends that I talk with about money. Even then, our conversations are usually limited to vague references, and not actual numbers. I can see pros and cons to keeping money matters private.

Pros

• Less chance of jealousy if your financial situation is better than another person's



• Less possibility of embarrassment if your financial situation is worse off than another person's



• Less likelihood that someone will hit you up for a loan / try to steal from you
  

Cons

Lack of mutual learning thru discussion

Could promote “looking wealthy” rather than “being wealthy”

May contribute to a ignoring, or not giving enough attention to, financial issues

As you can see, I can argue both sides, however, I lean more towards wanting to talk about money - this blog, although anonymous, is a great example.

One exception for me when it comes to talking about money is discussing compensation with co-workers. I don’t do it and wouldn’t recommend it.