A problem shared is a problem halved and all that.
, it’s easy to feel overwhelmed and like you want to bury your head in the sand. If that sounds like you, you’re not alone; a recent study shows that 52% of Brits still avoid talking about money with their friends and family., also found that over a quarter of women admit they don’t talk about money with their partner, over a third of women feel pressured to be closed off about cash when socialising with others and 41% of women have been forced to split a bill unevenly.
Some banks have added tools to help you offload, she says: “For example, Monzo’s Share With Us feature allows you to easily share any difficult situations you might be experiencing, whether that’s financial abuse or a mental health struggle. “You can set up savings ‘pots’ for essential items like rent and bills, but you can also get creative—for example, setting up a ‘mental health day’ pot for when you need a little extra TLC.”We all know that feeling when money’s tight and you’re hyper vigilantly checking and triple-checking your earnings and outgoings, but it can be important to make sure you’re not getting too bogged down in it all says Alice.
“This is highly personal, but somewhere between a weekly or monthly financial check-in is usually about right,” explains Alice.Preparing can set you up for success, she says: “Financial worries often come about when you don’t have a backup plan. It’s difficult to prepare for every eventuality but the practice of ‘fear setting’ is where you write down your biggest financial worries and then you outline A) how you could prevent it and B) what you would do if that thing happened.
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