After 33-years, I have lucked into having a trustworthy group of friends. There are six of us. Women from different backgrounds, vastly colorful lifestyles and who all have different careers. And in our little group, we talk about everything…even money. Unlike any other group of friends I have ever had in my life before, the cash conversation is no longer taboo.
Money and Relationships
As a personal financial advisor and budget counselor, I talk about money often, at least when it comes to other people's money. However, in my group of friends, I am able to share insider advice on money management and my friends aren't scared to talk to me (or to one another) about triumphs and failures in personal finance.
If you ask me, that's a good thing. Having a relationship with your money is one thing, having a relationship with people who understand your financial limitations, however, is an even better one.
How We Brought Money to the Table
I admit, we didn't just automatically start discussing one another's finances. It took time. We had to build up certain levels of trust with one another regarding other elements of our lives before we put money on the friend table. After all, money is a uniquely personal subject. Yet, over time, we slowly introduced money into the conversation. Of course, it helps when one woman in the group is a strong money manager, like me, but I believe it's possible for any group of women to talk candidly about money, and I think that they need to.
The Lies We Tell About Money
I often hear lies about money. In fact, listening to people lie about their finances is an occupational hazard of mine. That is, of course, until I see their bank statements and budgets -- because that's part of my job. Yet, one thing I have found is that even though women tend to lie less than men do as a whole, they do tend to lie more about money; how much something costs, how long they have had something or even how much they (or their partner) make. And, let's face it, a relationship without honesty isn't much of a relationship at all. But still, people do it, and much to my chagrin, I have found that women will lie to their friends about money as often as they will lie to me.
This makes the simple fact that I'm able to talk openly and candidly with my crew about cash something that will forever (to me) be priceless.
Do you talk to your friends honestly about your money situation or do you find yourself in a never ending cycle of fibs?
More from this contributor: