Should You Keep Some Financial Secrets?

In a world where we have a tendency to share our entire lives via social media, have you ever stepped back to consider whether you’re sharing too much information, especially when it comes to your finances?

How Much Is Too Much?

It seems there is hardly any grey area—you’re either a person who shares too much or you’re a person who doesn’t share much at all. But when it comes to your finances, it’s important to find that shady area to ensure you keep yourself and your money safe.

How many times have you—or someone you know—said, “Life isn’t fair”? Probably a multitude of times. That’s especially true when it comes to money. People feel as though money should be more fair. We all work hard, so why can’t we all earn the same, right? Well, unfortunately, that’s not how the world works. Sharing how much you make, or even how much debt you have, can make your friends and family feel uncomfortable and possibly cause tension. Therefore, it’s probably better to keep that information to yourself or share only with a few close loved ones.

Also, money has a way of putting us in “separate piles” so to speak, where one group is over here while the other is on a different side. By discussing finances, we have a greater risk of being judged and placed into a pile based on what we have or don’t have.

As a result, when it comes to money, it’s best to keep everything general, or change the subject, if possible. The less you share about your finances, the better off you are on not receiving any drawbacks, such as judgment, lost friendships, guilt, etc.

Find out how our financial accounts—both personal and business—can help you when trying to achieve financial freedom! Contact us today.