MONEY TALKS

WHEN THE CONVO TURNS TO CASH FLOW, IT DOESN'T HAVE TO BE AWKWARD

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Most of us have had an awkward encounter with our friends over a dinner bill the flimsy white receipt turning into a giant problem as you work out how to pay for it.

Of course, money is never an easy thing to discuss. According to a 2021 study, only 38 per cent of 35 to 54-year-olds talk about it with their friends.

Yet, co-CEO of Sharesies Australia Brooke Roberts says pushing past the taboo and discussing money with your pals can pay off.

"Money is a tool that enables you to live the lifestyle you want, so our financial goals are a big part of who we are and reflect our values," she says. "Talking about money with friends not only helps you get to know them on a deeper level but may actually improve your financial literacy."

Brooke says it's best to speak about your experience rather than discuss how much money you do (or don't) have, as this is the best way to avoid any comparison.

"Try focusing on goals and areas [in which you are expanding your financial capability," she says.

Brooke explains during this time you should acknowledge your savings goals and money tricks that are helping you.

"Talking about these topics can help you learn from each other and grow and support one another," she says.