Do you find it difficult to discuss money matters with your family or spouse? Watch our newest Personal Finance 120 video to learn how to overcome this issue and get to talking about the important issues with those that matter to you.

Transcription: Hi, I'm Carly Cherry and welcome to personal finance 120, information for managing your financial life in less than two minutes. Today, we're going to be discussing a topic that, ironically, not a lot of people enjoy talking about: finances. Whether you need to discuss finances with your spouse or family, we've got some helpful tips on how to approach this topic. One of the most common causes of household problems is lack of communication. Whether someone's angry about past debts, or there's a conflict about how money should be spent it's important to have serious conversations about your finances with your spouse. It’s not good practice to avoid a topic simply because it makes you or your spouse uncomfortable. Doing so won't resolve the issues and you'll only have to deal with it later on. Perhaps, after it gets worse. Did you marry into a large amount of debt? Don’t blame your spouse for his or her past financial issues. There’s always something you can do to get help, such as contacting a credit counseling agency to help with your credit card or student loan. When you have children, the right time to teach them out money can vary. The best thing to do is to pay attention to when your child shows genuine curiosity about what money is. Slowly introduce it in a way that you feel is suitable for what they're ready to learn. On the other side of things, your parents may face uncomfortable financial issues in their old age. These issues such as hospice or nursing home care may require an ongoing conversation as the situation changes. The more your loved one comes to understand that their needs will be taken care of the more comfortable they'll be with the process. That’s all we have for today, if you're having trouble discussing finances with your spouse or family member, consider adding a third party to the conversation. This could provide you with a neutral point of view that will help work out any potential issues that may come up. don't forget to check us out on social media for more videos, articles, and tips to help you with your financial needs. Until next time, I'm Carly Cherry for Cambridge Credit Counseling.