1
Rules to remember when it comes to money etiquette
In the age of social media and oversharing, how has money etiquette evolved? The combination of tact and common sense still go a long way. Here are some tips to help you mind your money matters.
Peter Post of the Emily Post Institute offers the following hints on minding your money manners:
1. Don’t ask how much it cost, or how much someone earns. These things are still considered private, even in this age of oversharing.
2. Muffle your urge to brag about financial matters. Even if you just landed a great job, or made a killing in the stock market, going on and on about your good luck turns what should be a social interaction into a potentially competitive game of “How much are you worth?”
3. Don’t play the big shot. Healthy adult relationships are based on reciprocity. In most cases, it’s inappropriate to buy expensive presents for people who can’t reciprocate.
4. It’s OK to say no when asked for a loan—and you shouldn’t feel guilty about it. "You're not the one who created the negative situation," Post said. "They did, by asking you for money."
5. Don’t get into public snits over money. Yes, your sister-in-law is rude to constantly ask how much you pay for everything. No, your mother shouldn’t have brought up the loan she made you (and that you paid off) in front of gossipy Aunt Jean. Change the subject and move on, no matter how much you want to make a scene, and consider a having a private conversation later with the offender.
Tune into Marketplace Money this weekend for more on the new rules of money etiquette.
Today some consumers forget not just about being financially literate, but about money etiquette also. I am sure that it’s not worth to ask a person questions like “How much money you make?” or “Where does your husband work? And how much cash he earns?”. It’s so wrong! All these tips are smart and it’s really not worth to ask such things and discuss too personal financial questions. It’s up to you in case you lend money to your relatives and friends or no but it’s better no to mix personal relationship with financial. But refuse politely and offer some alternatives, for example you can suggest to apply for a payday loan and use another lending options. In other words, try to talk less on such topics like money and do not ask doubtful questions.
Jennifer from http://paydayloansat.com/
