Despite how open people can be about the intimate details of their lives, money is one topic that people are uncomfortable discussing. In fact, nearly half of adults get squeamish around potentially awkward money moments.
Despite how open people can be about the intimate details of their lives, money is one topic that people are uncomfortable discussing. In fact, nearly half of adults get squeamish around potentially awkward money moments, according to a new survey.
The CouponCabin.com survey revealed that 48% of adults have avoided a person or a situation because they knew it would be an awkward money moment. The worst moments are the surprises though: by far the most awkward money moment, according to 41% of respondents, is when a credit card is declined. Other top moments were:
• Feeling pressured to donate to a charity on behalf of a co-worker, family member or friend (34%)
• Saying no to giving money to a panhandler or beggar (29%)
• Feeling pressured to chip in on a group gift at work, like for a baby shower or wedding shower (25%)
• Sharing salary/wage amounts with co-workers (25)
• Splitting a dinner bill or check with a large group of people (17%)
• Figuring out a gift to get a partner for special occasions, like a first anniversary or a first birthday together (14%)
“It can be difficult to navigate delicate money situations, but staying open and honest can help,” said Jackie Warrick, senior savings adviser at CouponCabin.com. “Be upfront with others when it comes to your finances, and respect others who do the same. When all else fails, laugh it off and make a resolution to handle it better the next time.”