Communicating About Money (1257)

Money is a common problem for many families, regardless of the income, age, and education of family members. Sometimes a lack of income to meet basic needs causes the money hassle. But more often, inadequate communication about money and financial mismanagement are at the root of financial problems.

When family members have different values and attitudes toward spending and saving money or when families strive for unrealistic goals, there is a potential for conflict. When family members do not “talk things out,” even the best spending plan may not work.

Communication about money matters is not always the easiest thing to do, but it is important if you want to get the most satisfaction from financial resources. Generally, the more open the communication about family finances, the better the quality of those decisions.

For more information on this subject, Please visit the College of Agricultural Sciences Publications Web site.

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