• Friday, April 26, 2024

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How awkward as we when it comes to money?

By: Eastern Eye Staff

Some people find it uncomfortable to talk about money. It’s considered rude, brash and even vulgar to bring up money in conversation – but why? It comes down to British politeness.

We are taught from an early age not to talk about politics or money. It’s frowned upon to share your financial difficulties or successes. If you share your struggles with money, it could make others feel uncomfortable. Whereas if you share your financial successes, you are arrogant and ‘showing off.’ The money debate is a tricky one to navigate in British society.

Suits Me launched a campaign to talk about awkward money moments. They found that a whopping three-quarters of Brits find it difficult to discuss money issues with their loved ones. Only one in ten of those earning over £60,000 a year are happy to bring up conversations around money with friends and family. However, almost a third of those earning under £30,000 will discuss money issues with their family members.

So, what are some of our most awkward money moments?

Splitting the bill

You’re out for dinner with friends, and it’s time to split the bill. Some people suggest splitting the bill evenly down the middle, while others want to pay for what they ordered. There’s an uncomfortable atmosphere in the room. Someone eventually pipes up and says they ordered a cheaper meal because they’re tight on cash. They would rather pay for what they ordered than pay for everyone else’s cocktails.

Splitting the bill almost always ends with an awkward debate. Try to be honest about your circumstance without disclosing too many personal details.

Buying rounds

It’s never a good idea to buy rounds of drinks on a night out. One person could pay £100 for a round of drinks, while another only pays £20. It encourages people to drink more and leaves some people completely out of pocket. The entire table could order cocktails when it’s your turn to pay. Use a prepaid debit card to control your spending and stick within a budget you can afford.

Asking to be paid back

Some people feel very uncomfortable asking to be paid back. You might have paid for a taxi after dinner or for the deposit for an event. Your friends should pay you back for the expense. Pop your bank details in the group chat with a message about what they owe you. It can feel petty to ask for £5 from everyone in the group. However, when added together, £5 each could equate to £100 in total. It’s important to face these uncomfortable situations head-on so you can manage your money.

Keep a close eye on your money and spend it responsibly.

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