Here’s a few strategies to help you get through those tough money conversations. PennyGem’s Natasha Abellard has the story.
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00:00At some point, we'll all have to have a conversation where we are asking for more money.
00:08And whether or not it's with your parents, discussing debt with your significant other,
00:12or with an employer for a better salary, it can get awkward.
00:15However, a few tips from NerdWallet could make the conversations go smoother.
00:20A 2018 survey from Merrill Lynch found that 70% of adults aged 18-34 get some kind of
00:26financial help from their parents.
00:28So while there's no shame in asking for help, when approaching mom and dad, you should
00:32start with being specific about what you need help for.
00:35Also, admit your own mistakes instead of blaming anyone.
00:38And make sure you have a plan in place to show your parents how you are moving toward
00:42financial independence.
00:43If you're discussing debt with your partner, make sure you both set a time aside to have
00:47an honest and transparent conversation.
00:50When it comes to your salary, this conversation might seem hard but could potentially pay
00:55off.
00:56I would suggest that you do some research to find out the appropriate range for your
00:59salary.
01:00Afterwards, wait for the best time to have the conversation, avoid throwing out your
01:04number first, and consider negotiating your benefits if your salary can't be changed.