Discussing money is no different. It is rare to find spouses, friends or even colleagues talking about money issues such as wages or interest rates and banking. This leads to people wallowing in ignorance; several others are swindled by many get rich quick schemes while much more continue to live in age-old money disorders. Below are 4 benefits of discussing money matters.
Reduce instances of people being swindled through get rich quick schemes
By discussing money matters openly, facts about unscrupulous swindlers or schemes are unearthed. Get rich quick schemes are brought to the surface and shunned. People are better placed to discuss their financial highs and lows more openly and develop best practices.
It reduces instances of discriminatory wages
Discriminatory wages are common especially against women. Women are often paid less than their male counterparts in several semi-formal and informal job markets such as in agriculture. By openly discussing these money issues, such practices are shunned and a just payment mechanism is developed. Through understanding money language, one is able to negotiate better deals using money language such as ‘going rate’.