Here’s a few strategies to help you get through those tough money conversations. PennyGem’s Natasha Abellard has the story.
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00:00 (upbeat music)
00:02 At some point, we'll all have to have a conversation
00:06 where we are asking for more money.
00:08 And whether or not it's with your parents,
00:10 discussing debt with your significant other,
00:12 or with an employer for a better salary,
00:14 it can get awkward.
00:15 However, a few tips from NerdWallet
00:17 could make the conversations go smoother.
00:20 A 2018 survey from Merrill Lynch found that 70% of adults
00:24 aged 18 to 34 get some kind of financial help
00:27 from their parents.
00:28 So while there's no shame in asking for help,
00:30 when approaching mom and dad,
00:32 you should start with being specific
00:33 about what you need help for.
00:35 Also, admit your own mistakes instead of blaming anyone.
00:38 And make sure you have a plan in place
00:40 to show your parents how you are moving
00:42 toward financial independence.
00:43 If you're discussing debt with your partner,
00:45 make sure you both set a time aside
00:47 to have an honest and transparent conversation.
00:50 When it comes to your salary,
00:51 this conversation might seem hard,
00:53 but could potentially pay off.
00:55 The balance suggests that you do some research
00:57 to find out the appropriate range for your salary.
01:00 Afterwards, wait for the best time to have the conversation,
01:03 avoid throwing out your number first,
01:05 and consider negotiating your benefits
01:07 if your salary can't be changed.
01:09 [BLANK_AUDIO]