We should remove the stigmas around talking about personal finances and purchases

U

/u/shmeetz

Guest
I feel like we need to do away with the feelings of being uncomfortable of asking questions and sharing things about finances. Especially in regards to how much money we make and how much things cost to spend. Bought a new car? Share how much it cost and what your monthly payment and interest rate is. Bought a new house? What is your monthly and interest rate? Closing costs etc. How much do you make in your position at your company? These details educate people who are in similar situations who may be looking to make similar purchases now or in the future. Sharing things like salary helps strengthen the work force to get proper wages and helps others in similar positions or companies to get paid properly.

This stigma around sharing these details needs to go away as everyone would benefit from this information. Of course there are nosy people who ask just to ask. But there are other people who genuinely want to know so that they can go into a situation as informed as possible. With the internet we can already get a general idea of these things so you’re not hiding much. But these details help to give a more informed experience to your specific location/circumstance that the internet may not be able to provide. And if the person giving the information made a bad decision, then this can help him learn from it. Everyone stands to benefit.

Edit: Since some people seem to misunderstand my point, I don't mean that these things should be free knowledge to be asked by anyone without reason. But say I am a want to be a first time homeowner or thinking of a career change, etc. if I know someone I feel close with, I would like to ask questions to learn more without this stigma that financial details should not be discussed. I am not saying that people cannot decline to share if they don't want to. I respect people's boundaries. But nevertheless in talking with others IRL, a stigma/taboo still exists that these things should not be shared. My point is, if it can help others in similar circumstances and if it is with genuine people we know and trust, why not share these details if it can help them to plan for the future and hopefully be successful?

submitted by /u/shmeetz
[link] [comments]

Continue reading...
 
Back
Top