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The Money Taboo – It’s good to talk it out

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    Are you worried about your finances? If so, you’re certainly not alone. According to a recent survey, 90% of households are worried about rising prices. Financial worries can cause a great deal of stress and anxiety. In fact, nearly one in five people say they have lost sleep over soaring prices in recent months. 

    Money often feels like a bit of a taboo topic. Research found that a third of people keep financial secrets from their partner. With the rising cost-of-living impacting so many people, taking the time to discuss important financial matters with your family can help, a problem shared is often a problem halved.

    Talk it out

    Although it can be a difficult subject to raise, talking openly about finances with your partner is a conversation worth having. As a couple, it’s best to avoid a situation where only one of you understands your finances. A mutual understanding means you’ll both know what you can and can’t afford, and if something were to happen to one of you, the other would have an idea of their financial affairs. 

    With your mortgage likely to be your largest monthly outgoing, is it still suitable for you? Get in touch with any questions you might have. After all, it really is good to talk. 

    Your home may be repossessed if you do not keep up repayments on your mortgage

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    Andrew Simmonds

    Andrew Simmonds is the managing director at Simmonds Mortgage Services. He's been providing mortgage advice to home owners for many years.

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