LISTEN AS WELL AS TALK

with. It’s useful to have items such as bills and bank statements to hand, so you can be clear and not feel like you have to remember every little detail.

For example, if you are struggling to get a deposit together for a home, it will be easier to start the conversation if you know how much you’ll need to borrow and over what time.

Once you’ve established all the facts, working out a plan for how you will pay the money back becomes much easier.

DECIDE ON A TIME AND A PLACE

CHOOSING the right time and place to talk about money can make all the difference.

Pick a time when there will be no distractions, so you can have a calm and considered conversation.

It may be that home isn’t the right place to have the discussion.

Finding a neutral spot, particularly if it’s likely to be a difficult conversation, can be a good idea.

Also, sitting next to each other rather than opposite can reduce feelings of anxiety and encourage you to talk more freely.

A CALM exchange of views is a lot better than one person giving their point of view and not giving the other a chance to be heard.

If you’re asking for financial support, it’s understandable that the other person might have some questions and concerns.

Understand and acknowledge the other person’s point of view and be ready to answer their questions about why you need help, and any other options you’ve explored.

MAKE A PLAN TOGETHER

ALWAYS try to reach an agreement about what to do next together.

Two people can perceive information differently, so it is a good idea to note everything down to ensure you are on the same page, and to allow you to iron out any misunderstandings straight away.

If you have a shared goal, this will help you to keep each other on track and supported along the way.

KEEP THE CONVERSATION GOING

SOMETIMES the relief of having finally talked about money is so overwhelming that people don’t mention it again, and forget to put words into action.

Having regular conversations about money is really helpful, both for your finances and your relationships. Make this a habit – not just a conversation you have when times are difficult.

Having regular conversations about money is really helpful, both for your finances and relationships

Martin King, Lloyds Bank