Do you discuss your finances with anyone other than your partner? We do discuss with our girls a little, especially oldest since she lives with us and pays towards some of them....but we dont discuss with others in the family at all...I do pay my mothers bills for herbecause I do it all online and with her being 86 she just doesnt get how to do it...also family use to borrow money from her all the time where she would be left with very little...and she also had debts to pay, never had any savings etc. So about 5 plus years ago I told her I had had enough and I was sorting all her bills and debts for her and doing a budget...not one she would like but she would be debt free and have some money in the banks...and I did just that, she hasnt had any debts in about 4 years, when family use to ask her for money (which was all the time) which they never paid back ever...she would tell them that they had to ask me, because I was doing her finances, they didnt ask for money anymore they knew that I wouldnt give it to them so they stopped asking...she has some savings and can pretty much do what she wants....she is much happier as she doesnt deal with bills, and I have taught her to shop for bargains and now thats all she does and she doesnt pay full price anymore....dont get me wrong I dont tell her what she can/cant do with her money since she has been debt free thats up to her....but if I wasnt doing her money I wouldnt discuss it with her....I just feel that it is a personal thing....no-one but my hubby and kids even know that we got this money in...and they wont know...do others feel the same or is just me!!
do you discuss your finances with people??
August 4th, 2025 at 02:39 pm
August 5th, 2025 at 01:57 pm 1754398657
To answer your original question, we don't share a lot of our personal finances with others. One of DH's DIL has made comments about our spending, such as, you sure are spending a lot of money. DH has said he has told the kids not to expect an inheritance, but I'm thinking she is hoping for one. We did spend a lot of money by taking the cruise easier this summer. We are retired; we have worked hard all our lives, and we had the cash to do it. All of our bills are paid other than the mortgage and we are working on paying extra each month.
August 7th, 2025 at 12:19 am 1754522342
I've recently gotten interested in joining a retirement planning/investment club associated with my boldin subscription, but I'm unsure where to find one to join and haven't heard back from them after watching a you tube video extolling their benefits.
August 7th, 2025 at 12:20 am 1754522425
Sadly, those moments are far and few in between. More often than not, they are either not interested, or some are even averse to discuss it. So, I don't talk about it all that often.
August 8th, 2025 at 08:24 am 1754637840
I have another friend who i share investment tips with but I have no idea where her number is or how much they have. I do know they are inheriting a boatload like $15M or more. And that because of it she's given me good ideas about generational wealth.
And my final friend I've been steering towards investments because she asks. They are super conservative and have no debt. They have a paid for rental and home and she told me she wonders if they made a mistake. We have a mortgage and more in the bank i think. So opposite sides of the coin. Because they are so conservative I pointed out they could retire much sooner. But she wants her husband to work to 65.
August 8th, 2025 at 02:15 pm 1754658929
I don't have friends like LAL! In our case, we have friends with similar lifestyles to us that are older and still working but it's clear that it's not because they love their jobs. It could be that they want a bigger stash to live a lavish retirement. Or it could be that they didn't save all along. We don't know which is the case.
I have a close friend that I would share with if she asked. She doesn't have the interest I do in personal finance though. Years ago we both agreed that we valued freedom more than stuff and we'd be comfortable retiring if we had 7 figures in the bank and a paid-for house. Today we're both retired so while I don't know how high her 7-figure number is, I know she's there and she knows the same of me.
August 9th, 2025 at 01:54 am 1754700844