I’ve never really understood why asking people about money is off limits. What are people worried about? Why is it offensive to ask someone how much their new car cost, how big their mortgage is, or how much they are contributing to their 401K? Finances are often a “don’t ask, don’t tell” gig.
Now I’m not saying that everyone needs to be comfortable sharing their financial status with anyone that asks. Obviously if a stranger wants to know how much debt you have, you have my blessing to punch them in the face. Similarly, I believe salary should definitely be kept confidential within the work place (causes too much office drama if Pamela makes more than Carmen). Budgets Are Sexy wrote a great article highlighting the times it is NOT appropriate to ask someone about their income.
One of my favorite ways to learn is through conversation with friends and family. How the heck am I suppose to be financially educated if I can’t really talk about money with anyone I associate with? It’s not like the school systems teach the fundamental of finances. What are we scared of? Are our friends going to judge us because we make too much money, or not enough? Why are things like mortgages, student loans, and credit card debt never to be discussed?
I know where most of my friends stand in regards to their political and religious views, but for some strange reason I feel like they would shoot me if I asked “Have ya been saving for retirement?” Sure, there are situations in which discussing one’s financial situation is inappropriate, but I also believe there are times when finances NEED to be discussed, but aren’t, out of fear of the other party becoming offended. Screw that. I’m laying it all out there. My name is Debt Ninja and this is my financial situation…
Annual Income: $50,547
Cash in Savings: $18,755
Total Debt: $16,877
Percent of income contributed to retirement: 18% + (5% match)
Number of Credit Cards: 3
Annual burrito expenses: $600
You don’t have to be scared. My blog is a “safe place”. No one will judge you no matter what your financial situation. Are you feeling bold? Care to share your financial situation? Any thoughts on why finances are so taboo?
p.s. For those that haven’t commented before, today’s post would be a great day to come out of hiding 🙂