11:31 According to the UK’s Money and Pensions Service (often referred to as MAPS), research shows that people who talk about money: · Make better and less risky financial decisions · They have stronger personal relationships · They are able, to help their children form good, lifetime money habits · And they feel less stressed or anxious and more in control
13:58 Tsitsi’s 4 tips on how to have an effective money conversation with a loved one:
1. Set aside some time to have the conversation with now distractions and interruptions.
2. Be prepared to talk opening, but also be prepared to listen.
3. Be for you start the conversation, acknowledge that you may not be able discuss everything in one conversation – this is an ongoing process.
4. Reach out to a financial adviser who will have experience in facilitating such conversations.
Useful links: Money and Pensions Service: https://www.maps.org.uk/
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