How much money is in your bank account? | Taboo money chats

Has anyone ever asked you how much you have in your savings accounts? Would you be willing to show someone the figure if they asked? There’s a high chance you’ve either answered no to both those questions or you feel a bit uncomfortable about the thought of someone logging into your bank account!

The fact of the matter is, money is STILL a taboo topic, and we aren’t properly educated on how to approach conversations about our finances. This summer series is here to break down that barrier, and give you the conversations starters you need to broach money chats in your own life.

This week, Mads and Soph talk about their current money vulnerabilities, exposing their savings balances, why they feel like they can’t keep up with the Jones’, and how they plan on changing their money mindsets for 2024.

But the conversation doesn't end here... we want your thoughts!

1. Would you feel comfortable showing your friend your bank account? Why or why not?
2. Do you feel you're financially ahead or behind where you expected to be at your age? What contributes to your perception?
3. Do you have a story about how you've been able to make additional income?

Send your perspectives to yigc@equitymates.com for our BRAND NEW NEWSLETTER (YAY). And don't forgot to subscribe whilst you're at it: https://taboo-money-convos.beehiiv.com/subscribe

Landing in your inbox each Monday.

Keep track of Sophie and Maddy between the episodes on Instagram, or on TikTok, and come and be part of the conversation on Facebook with our You’re In Good Company Discussion Group.

This episode is brought to you by Up, the digital bank for our generation. Download and sign up to Up and use the code YIGC and they’ll deposit $10 into your bank accounts. That’s Up, easy money. T&Cs @ up.com.au/terms.

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In the spirit of reconciliation, Equity Mates Media and the hosts of You’re In Good Company acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

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You’re In Good Company is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives.

Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

You’re In Good Company is part of the Acast Creator Network.

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