5 Steps To Take When Your Family Refuses To Talk About Money

The cheapest lunch I ever had was in my elementary school cafeteria. It was 25 cents for a reduced meal — one-fifth the price of what the other kids paid. Even at ten years old, nobody had to tell me what that meant.

I was born and raised in a first generation Vietnamese household, where openly discussing money was taboo. So in the late nineties, when my dad got laid off his factory job, the whole family had to put up this facade that everything was okay. A lot of it was about “saving face” and “keeping up appearances.” Meanwhile, our debts piled up, and my family’s money problems festered beneath the surface.

Stopping the Cycle of Financial Instability

Fast forward to 2017. I’ve got a well-paying job, an eight month emergency fund, and am currently in the best financial shape of my life. Yet my family remains a black box. Worse, I started noticing that my siblings were displaying similar behaviors, and were refusing to talk about money. Over the past 18 months, I’ve had to bail them out four times, all over issues that could’ve easily been avoided if they’d been responsible with money, or asked for help when they didn’t know how to handle something. Their responses to why they waited so long to ask for help felt like deja vu:

“I thought I could handle it on my own.”

“I didn’t want to bother anyone.”

“I’m paying off the minimum balance.”

“I was too ashamed to say anything.”

I didn’t want my siblings to pick up the same bad habits as my parents. And because they asked, I decided that 2017 was the year I would make a concerted effort to help free them from the cycle of paycheck-to-paycheck living, of reacting to one crisis after another rather than acting responsibly in the first place.

Here were the five steps that I took:

1. Map out the problem areas.

My husband, Ivan, and I brainstormed the things that we wanted to make sure to cover or ask about with each member of the family. It helped me think more clearly about each individual’s pain points, and how we could work to address them.

2. Have individual conversations.

If your family is anything like mine, they hate airing out dirty laundry to an outside audience. Private, individual conversations helped control the environment, and made my siblings feel more at ease.

3. Adjust your message to match their personality. 

The way I talk about money to Ivan compared to how I talk to my siblings is like night and day. My siblings prefer that I acknowledge the positive aspects of any given situation (i.e. What they’re doing well, what they can build upon); this is a bit hard for me, because I know my frustration comes out in my tone. But it’s something I actively work on in order to help them.

4. Ask the right questions.

Personal finance questions are inherently invasive, and sometimes, people can associate their self-worth and pride with money. For example, I suggested to my sister that she sell the car (that she objectively couldn’t afford) to get rid of her biggest source of debt. But instead of taking this as just a simply suggestion, she took this as a personal affront, and thought I was questioning her ability pay off her car.

5. Leave the door open for communication.

Setting my family up with the right tools (e.g. Automated savings, retirement funds, personal finance apps, etc.) is just the beginning. The hard part is remembering that you can’t force anyone to do anything. All you can do is offer to listen to their problems and give advice. My siblings now call me on a weekly basis to share their progress.

My hope is that, through this intervention, I can guide my siblings to have a healthier relationship with money than what we experienced as a family when we were growing up. As for my parents, I realize that it’s harder to change people the older they get. I’m hoping that over time (and with persistence), they’ll eventually be able to accept help in preparing for the next chapter in their lives.

Jennie and Ivan are a twenty something couple based in Los Angeles. Together, they run a simple living blog called The Origami Life. It tracks their progress to September 2018, the month they plan on selling their worldly possessions and embarking on a global search for the simple life.

Image via Pexels

  • Judith

    Adjusting the message is so important! I’ve had so many conversations end badly because I came off strong while making a point the other person didn’t want to hear. To be honest, I’m not sure there *is* a way to communicate a fact the other person doesn’t want to hear about. Too much sugarcoating shifts the message but too little of it and they stop listening. Any tips on how you can find that balance?

    • The Origami Life Blog


      Thanks for your message! And it’s tough to say because this varies from person to person, but in my case, my sister was definitely reluctant to hear my advice but what helped was being able to share with her my intentions and why I wanted to have the conversation with her in the first place.

      All relationships are constant give and take so whether or not he/she takes your advice is completely up to them. But generally, I’d say a great way to strike that balance would be to have an equal understanding of your goals (on both sides). Setting, managing, and getting on the same page with expectations is important.

      Here are a couple of questions to know the answer the (or to ask your family member):

      1. Why am I having this conversation with [insert name of family member]?
      2. What are my goals and intentions?
      3. What are his/her goals and intentions financially?
      4. What would an ideal end result or action item look like on both ends?

      Thanks again for your time and for checking out my post!

      – Jennie