Categories: Inspiration

10 money questions you are afraid to ask

As we grow up we are expected to know everything about money. From earning to spending to saving, we must know it all but no one really explains to us how. Discussing your finances with your friends is considered rude. Many people don’t like sharing their salary figure with other people. There’s even a saying about it that you must not ask a man his salary. Which is fine but then many young people start wondering about earning and spending money because of course, they haven’t talked to anyone about it. Many among the youth don’t know about retirement fund or investment options or other Saving methods.

Therefore, to learn more about the money you need to talk about it. Here are 10 questions you are afraid to ask but should ask your elders or teachers.

· How do credit cards work?

· What does a realistic budget look like?

· How much debt is too much debt?

· What is a credit score and how does it help you?

· Moving in with my partner, how to divide our finances? Why 50/50 isn’t always fair?

· When should I start saving for my retirement?

· How much should I save for emergencies

· How much should I invest and where?

· What does interest rate rise mean? Does it affect me?

· If I change my mind can I get my money back?

The above ten questions are the most common questions that arise in average people’s heads. If you too have similar questions, you may ask them to your parents or someone you know could guide you about it.