cover of episode Mailbag: How To Have Your Toughest Money Conversations

Mailbag: How To Have Your Toughest Money Conversations

2024/8/2
logo of podcast HerMoney with Jean Chatzky

HerMoney with Jean Chatzky

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Shownotes Transcript

You asked, we answered! In this Mailbag, Jean is joined by Celeste Headlee, author of, “We Need To Talk: How To Have Conversations That Matter”) to talk through how to approach your toughest money conversations. 

They tackle your questions on everything from preparing kids for navigating their own finances in college to addressing salary disparities at work. Celeste shares practical advice from her own life, including budgeting tips for teens and strategies on how to approach a raise conversation with your employer. 

Have a question for us or want to jump on a call with Jean? Write in at [email protected]).

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Takeaways:

  • Break financial conversations into smaller parts to make them more manageable and focused.

  • Involve children in budgeting and decision-making to help them understand the cost of living and the value of money.

  • Salary transparency is important for achieving pay equity, but it's not necessary to disclose salary information to coworkers or family members.

  • Consider the context and purpose of financial conversations before sharing.

Chapters:

0:00 Introduction

1:00 Tough Money Convo 1: How To Talk College Financials With Your Kid 

6:25 Tough Money Convo 2: Coworkers Payscale and Asking For A Raise

10:00 Tough Money Convo 3: How To Respond When Family Asks About Salary

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