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watch nowTalking about personal finances is harder than talking about religion, politics or death — and almost as hard to talk about as sex, a new survey finds. And women are more likely than men to find talking about money difficult. The only money topic women were less reluctant than men to talk about is how much they earn, the survey found. The survey also found generational differences in how women feel about money discussions. More than half, 53%, of Gen Z women ages 14 to 26 said feeling judged made them avoid talking about money, versus 35% of women across all generations.
Persons: Wells, Michael Liersch, Lindsay Bryan, Podvin, we'll, John Howard Organizations: Versta Research, Wells Fargo, Bank, Getty Locations: Wells Fargo, Ann Arbor , Michigan
Deciding to combine your finances with your significant other can be a big step in the relationship. Nearly 2 in 5 couples, or 39%, of couples who live together completely combine their finances, whether they're married or not, according to a new report by Bankrate. Gen Z adults, or those between the ages 18 to 27, are the most likely to keep their finances completely separate from their significant other, with 38%. By contrast, baby boomers, or adults age 60 to 78, are the most likely generation to fully combine their finances with their spouse or partner, at 44%. Almost half, or 46%, of people who are in relationships keep their finances separate to avoid losing their financial independence, according to a recent survey from the financial services company.
Persons: they're, Gen, Bankrate, Will, Lindsay Bryan, Podvin, Bryan Organizations: Bankrate, Finance, Bread
It's important to understand your money story — the beliefs you have about how you get and spend money. "Emotions can cause and contribute to how you spend money, and vice versa, how we spend can cause and contribute to our emotional state being affected. Financial literacy isn't enough to solve many problems »Audit your emotions — and consider a journalTo get in touch with your emotions around money, keep track of them, suggests Wamala. "Ignoring your emotions keeps you in the dark when it comes to how and why you spend money," she says. "Rather than demonizing our money-related emotions, it's a much more empathic and sustainable approach to get curious about your emotions."
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