Mailbag: How To Have Your Toughest Money Conversations

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 2 August 2024

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

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]. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! 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 Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an Airwave Media Podcast.
0:06.0	Her money is proudly sponsored by Edelman Financial Engines.
0:10.0	Do you have an estate plan yet?
0:12.0	It's so important to make sure your hard-earned money
0:15.4	goes to the people and charities you care about most.
0:18.8	Learn more about how estate planning fits
0:21.4	into your financial plan with a complimentary wealth checkup.
0:25.5	Schedule yours at plan E.F.com slash Her Money or by calling 833-304, PLAM.
0:35.0	Hey everyone, I'm Jean Chatsky.
0:40.0	Thanks for joining me today on her money where we talk about personal finance and how money touches everything in our lives.
0:48.0	Today we are bringing you an extra special mailbag with my friend Celeste Hedley. If you listen to our Wednesday
0:54.4	show out this week you know all about Celeste and why she thinks we should be
0:59.4	leaning into our laziness this summer and beyond.
1:04.0	Go and check it out if you haven't already listened.
1:06.8	She's also the author of the best selling book,
1:09.5	We Need to Talk,
1:11.4	how to have conversations that matter. So we asked our community what money
1:16.8	conversations they need help with. We got some amazing responses. I'm going to bring those to you in just a sec but before we do a
1:25.7	very short break. Her money is proudly sponsored by Edelman Financial
1:32.3	Engines.
1:33.2	We work for a lifetime for our money
1:35.8	and we want to make sure that our family, friends,
	...

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