How to Discuss Finance with Friends


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While in many ways society is more liberal and open than ever before, there are still some things that are considered taboo. In Australia, the ‘last taboo’ is widely regarded to be finances. We can talk about the intimate details of our personal lives, are happy to plaster things all over social media regardless of who might see them at a later date, and don’t care who knows if we’ve undergone cosmetic surgery or if we’re considering it. Yet, when it comes to money, we’re still reluctant to bring up the subject.

What’s the Problem?

Perhaps the problem is that people think “talking about finance” means asking people how much they earn. For some, there is still a stigma attached to personal loans, where they feel that looking at a personal loan or payment plan shows they don’t earn enough or have enough saved to be able to afford something. In reality this may appear as a myth today and many Australians now realise the opportunities taking out a personal loan may bring them.

Many people also feel as though they don’t know where to start when it comes to introducing the topic of finance into a conversation.

Thankfully, it doesn’t have to start with “how much are you earning?” and you have plenty of other ways to introduce finance into the conversation.

Thinking of Cosmetic Surgery or Applying to MacCredit?

You might be more comfortable talking about how you’re thinking of undergoing a cosmetic procedure. If this is the case for you, then introducing finance into the conversation is simple. Discuss the procedure you’re considering with friends, and then say “but I’m unsure how I’m going to cover the cost.” This will inspire your friends into discussing finances with you, and you will get a range of opinions from saving up the money, using a credit card, or taking out a payment plan. Some of them might even mention MacCredit!

If you have already made your decision around cosmetic surgery and have decided on a payment plan, mention to your friends that you’re weighing up your options and mention some places you have looked, be that MacCredit or elsewhere. It’s likely you’ll get some recommendations or names of lenders your friends think you should avoid, which is always helpful information to receive!

Think of a Financial Scenario

For those of you not thinking of cosmetic surgery or applying to MacCredit, but still wanting to discuss finance with friends, simply ask about a financial scenario, whether or not you’re really thinking about doing it.

Some options for you to introduce into the discussion are:

  • You’re buying a new car – what car do you want and how are you going to pay for it?
  • You’re looking to remortgage, who do your friends have their mortgage with and do they have tips for getting a good deal?
  • You’re looking at personal loans in general – do your friends have one and if so, who with?

Once the conversation is flowing you can easily change the finance focus to something you really want advice on!

Talk About the News

Whether it’s news about the economy, something around financial regulations, or how much is going to be spent on a new building or government project, finance is always a popular topic in the news. Start the conversation by asking friends what they think about that day’s big story, or give your opinion on something you’ve read or watched yourself that day.

Again, once the conversation has started you can easily ask your own questions. Talking about the news is an easy way to introduce finance without immediately asking something relevant only to you.

Discussing Finance with Friends

Use these tips to introduce finance into a conversation with friends can help you to quickly have the discussions you want, particularly if there’s something you really want to know but don’t just want to ask outright.

Remember that your friends are likely to be more than happy to discuss finance with you, so ask what you want and take everything you need to from the conversation.

Disclaimer:  This article contains general comments and recommendations only.  This article has been prepared without taking account of your objectives, financial situation or needs.  Before taking any action you should consider the appropriateness of the comments made in the article, having regard to your objectives, financial situation and needs. If this article relates to the acquisition, or possible acquisition, of a particular credit product you should obtain and consider the relevant disclosure documents before applying for the product.

MacCredit SM