Post # 1
I was talking to someone earlier today and she volunteered how much money was in her savings account. I was completely taken aback because first, it was kinda random and two, it is none of my business. I don’t even feel comfortable talking about how much money I have in my account with family or close friends. FI and I know how much we need to pay for something and the general amount we each have in our accounts, but not exactly. We’ll merge accounts after we’re married so it isn’t a huge deal for Fiance to know how much I have.
What is your thoughts on it? Do you share? Are you uncomfortable when someone shares their amount in the account?
Post # 3
No. Never to friends or family.
SO and our accountant are the only people that would know that information
Post # 4
Only Darling Husband knows. My Uncle also knows because he’s my financial advisor.
Post # 5
I voted that only my spouse knows, but my mom knows too, only because she does all my taxes and i talk to her about my spending/saving.
Post # 6
hahaha we are planning a wedding, there is no savings 😉
Post # 7
I voted Darling Husband only, but my dad knows too–he’s an economist and we talk about savings, taxes, retirement plans, etc quite a bit.
Post # 8
I voted my SO only but my dad know as well. I don’t know I’d SO shares with the in-laws or not, if he does, I don’t really mind.
Post # 9
I’ve told my SO (now, whether he remembers or not is another thing, although we’ve discussed on more than one occasion). My dad knows how much I have in retirement because he trades that for me. It wouldn’t phaze me to tell him how much I have in my checking & other account, but it’s never really come up. I don’t talk specifics with friends, although I have talked generalities with a closer few, such as “Yay, I now have a positive net worth” after paying off some grad loans.
Post # 10
Only my Fiance knows, we have joint accounts. I would never air out our financial situation to anyone. It’s none of their business.
Post # 11
I’m not uncomfortable if someone shares that info with me, but I would not share it. Only my husband and my dad know since he does my taxes.
Post # 12
My Fiance and my parents know because we are trying to save for a condo. Its really no one else’s business how much is in my savings account, and I wouldnt WANT that information spread everywhere..who KNOWS who might try and get your information to take your hard earned $$$
Post # 13
Wow! A little shocked by these answers quite honestly. I really and honestly don’t understand the taboo that surrounds talking about money. I understand that it exists, and I’m sensitive to that in my conversations and would never initiate asking someone how much they have. But I don’t understand the purpose of the secret. Okay, so maybe it is “none of their business.” But who cares? Honestly what harm comes from other people knowing how much money is in your savings, how much you paid for something, or how much you make? Do you think they’ll like you less? Why?
Obviously, I am very open about our money situation. It kind of comes up in conversation, in my experience. For example, when planning the wedding my parents were helping us pay. To explain to them why I set the budget I did, I explained how much we had in our savings account. When I bought a car, my parents were with me and I asked their opinion on how much to put as a down payment. For my friends, it is more about planning. I talk to two of my friends on a regular (and very frank) basis about finances. We give support and advice to each other when we’re thinking about things like how much we should put towards retirement, how much towards savings, what kind of car can we *really* afford, when could we afford to have a baby. And when good things happen, why not spread the news? When my husband got a raise, or when I get a bonus, I absolutely call my mom and two of my friends excited, just like I would if any other good thing happened! And it is all mutual. I knew when my friend’s husband’s paid off her student loans. I knew how much they sunk into their home to refinance it, and the state that left their bank accounts in. I knew when my other friend’s husband got a promotion and a massively huge bonus. We trade budgets.
I don’t know… maybe we’re weird. But if we share tips on hair, on tv shows, and on sex… why not money too?
Post # 14
@CorgiTales: We definitely talk investment strategies and ways to save money and planning and stuff, but we just avoid specifics. We know that many of our friends are in debt and/or dont have a lot in savings since they share that info, but we’ve been lucky and really good with saving, and I’m sure that if some of those friends knew, we would never hear the end of it about being “so cheap” when it comes to talking about buying anything from a new car to going out to eat… and I just dont to hear them joking about how we should just buy abc and xyz all the time since we can afford it and to quit being so cheap.
Post # 15
My Fiance and my mom know how much I’ve got saved. To be honest, I’d feel a little uncomfortable telling my friends, only because it’s a decent amount and I know some of them don’t have much “extra” cash lying around. I’d feel like I was bragging, OR I’d feel uncomfortable ever letting them pick up drinks for me, you know?
Post # 16
Being a poor college student I’m not ashamed of how much money I have or well don’t have. For instance my friend is wanting me to travel 2.5 hours to her Christmas party next weekend but I told her flat out this is how much I have and it doesn’t look like I’ll have enough money for the gas. If I had money then I think I’d be more private about it. I also work at a bank so I feel like money is just money since I see it all day everyday. My friend will invite me to dinner and I’ll say well I don’t get paid until Wednesday and I only have $8.00 to get me there… I feel like people are less pushy about going out if I’m upfront and honest. That way I don’t have to make up an excuse and I don’t have to pretend to be someone I’m not. My Fiance is the complete opposite. His family doesn’t talk much about anything though- money, sex, religion- nothing. They’re private people.