Talk Money Week 2020 | Money & Pensions Services | 9 November 2020 |

Each November we encourage the UK to talk about managing money – from pocket money right through to pensions – and celebrate the work done by thousands of organisations to build financial wellbeing across the country.

The week provides a platform to have a conversation about money between families and friends, at work or at school or any other walk of life. Our goal is to turn talking about money from one of the UK’s least favourite topics into something commonplace.

Why talk money?
Talking openly about money is vitally important for our health, wealth and relationships. The effect of Covid-19 has made it more important than ever to start conversations about money.

Research shows that people who talk about money:
• make better and less risky financial decisions
• have stronger personal relationships
• help their children form good lifetime money habits
• feel less stressed or anxious and more in control.

Building money conversations into our everyday lives also helps us build financial confidence and resilience to face whatever the future throws at us.

If we’re not prepared, we can struggle to cope when an income shock happens or a life event changes everything.

Who should get involved?
Everyone!

Talk Money Week is a great opportunity to join, start or lead the conversation. It’s for anyone who wants to manage money better, or any organisation working to help people deal with money matters. Organisations can also use the week to learn more about financial wellbeing and what it might mean for them and their customers.

Activities you can do
Many organisations:
• put on events for their customers or employees
• pointed their customers to our services
• joined the conversation on social media, and
• published their own blogs and press releases on the benefits of having a conversation about money and pensions.

Through the week, we want to encourage more people to take action to improve their own financial wellbeing and the financial wellbeing of those around them – whether through accessing free debt advice, saving regularly, seeking out financial education or relying less on credit for everyday spending.