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How to discuss the topic that’s more taboo than sex, mental health and politics

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Ziga Plahutar

In an era of unprecedented openness and ease of communications, where even the most controversial subjects can find their time in the limelight, there’s one subject that remains perplexingly taboo: Money. So much so, in fact, that a recent study demonstrated that Americans were twice as likely to feel comfortable discussing subjects such as drug use, mental illness, or marital difficulties than have a conversation about their household income or debt.

This long-standing aversion to discussing money can cause us to miss out on essential conversations, information, and joint decision-making processes that can benefit our finances and reduce stress and worry regarding our finances. It can also engender unrealistic expectations about money; deprive us of support and advice from trusted friends and family; and cause us to avoid learning more about managing our finances.

Our physical and emotional health can also suffer, as demonstrated in studies that indicate those with financial worries used painkillers at a significantly higher frequency. If fear or embarrassment are causing you to avoid seeking financial advice, help, or support, it can reflect in your overall quality of life.

How to break the money taboo

Learning to talk about money is similar in some ways to discussing other contentious topics, such as politics or relationships. We expect that it can bring forth uncomfortable emotions and conflict, yet many of us have learned how to do so, anyhow. There are some learnings from other difficult subjects that we can apply to our money conversations:

Money concerns are universal. Unless your last name is Buffett, Gates, or Rockefeller, it’s likely you’ve experienced financial worry, and so have your neighbors and friends. In fact, over 77% of Americans report feeling anxious over their financial situation. Recognizing that most of us feel stress over our finances helps us understand that we’re not alone, and would probably find a sympathetic ear when discussing money.

Draw on comfort with other “taboo” subjects. Most of us have learned how to discuss other subjects that previously seemed taboo – such as sex, relationship problems, mental health, politics, and so on. Draw on the confidence you’ve gained from speaking candidly about other subjects you once found difficult. What did you do or say to gain confidence with those subjects? Can any of those learnings be applied to the way you talk about money?

Understand Your money emotions. What emotions are you currently experiencing about money? Is it shame over debt, fear of not knowing enough, or something else? Identifying these emotional triggers can help you see your problems more realistically and not catastrophize.

Talk to the right people. Your money conversations can take many shapes, depending on what you’re experiencing, feeling, and who’s involved in your finances. Identify who you feel comfortable with that can help you make sense of your problems. Sometimes, that’s a partner or family. At other times, that can be a professional, such as a financial planner.

Increase your confidence online. If you’re still not quite ready to make the leap and discuss finances with people in your life, then consider starting online. Popular discussion boards, such as Bogleheads, can provide you with an anonymous place to air your concerns and receive feedback.

Source: – CNBC

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Politics

Liberals win majority in New Brunswick election

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New Brunswick voters have elected a Liberal majority government, tossing out the incumbent Progressive Conservatives after six years in power and handing the reins to the first woman ever to lead the province. Liberal Leader Susan Holt spent much of the campaign rolling out proposed fixes for a health-care system racked by a doctor shortage, overcrowded emergency rooms and long wait-times. She promised to open 30 community health clinics across the province by 2028. (Oct. 22, 2024)

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Susan Holt Breaks the Glass Ceiling in New Brunswick Politics

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Susan Holt has made history in New Brunswick by becoming the first woman to serve as the leader of the province’s Liberal Party, a significant milestone in the province’s political landscape. Holt’s leadership victory signals a new era of representation, gender equality, and change in the region, which has long been dominated by male politicians.

Holt’s journey to the top has been one of perseverance and dedication. Before entering politics, she built a distinguished career in the private sector, where she held numerous leadership positions. Her experience in business development and public policy has equipped her with the skills needed to navigate the complex world of politics.

In a province where women have historically been underrepresented in politics, Holt’s election represents a watershed moment. Women’s involvement in leadership roles has been steadily increasing nationwide, but New Brunswick, like many parts of Canada, has seen slower progress in achieving gender parity. Holt’s rise to the top of the Liberal Party not only shatters a glass ceiling but also serves as an inspiration for future generations of women aiming for political leadership.

As the leader of the New Brunswick Liberal Party, Holt has laid out a vision of inclusivity and progress. Her policies focus on economic development, healthcare reform, environmental sustainability, and addressing social issues that have plagued the province. She has also emphasized the importance of transparent governance and creating opportunities for underrepresented communities, making her platform both modern and forward-thinking.

Holt’s leadership arrives at a time when many voters are calling for change, especially in the face of challenges like economic uncertainty and the need for healthcare improvements. She aims to bring fresh ideas to tackle these issues while ensuring that all citizens, regardless of their background, have a voice in government decisions.

Susan Holt joins the ranks of other trailblazing women across Canada who have led provincial parties and governments. Women like former Alberta Premier Rachel Notley and Ontario’s Kathleen Wynne have paved the way, and now Holt is contributing to this growing legacy of female political leadership in Canada.

Her achievement highlights not only the growing number of women entering politics but also the demand for leaders who can bring diverse perspectives to the table. In a field often dominated by entrenched traditions, Holt’s election is a step toward a more inclusive and representative political landscape in New Brunswick.

Holt’s leadership signals a broader shift in Canadian politics, where more women and diverse voices are gaining prominence. For young women across the country, her rise serves as a powerful reminder that leadership roles are within reach, even in traditionally male-dominated spheres.

With her election, Susan Holt has proven that perseverance, skill, and a vision for change can break even the toughest barriers. Her leadership will not only reshape New Brunswick’s political future but also inspire others across Canada to pursue leadership positions and continue to challenge the status quo.

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Moe and Beck hold campaign events today, as parties urge early voting

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NDP Leader Carla Beck has two planned campaign events today, starting the day with an availability in Moose Jaw and then later this evening attending an event in the capital with the Regina Medical Staff Association.

Saskatchewan Party Leader Scott Moe, meanwhile, will speak in Prince Albert at the start of Voting Week in the province.

Saskatchewan residents can vote for five days starting today in the lead-up to next week’s provincial election, although polls won’t be open Sunday.

The NDP and the Saskatchewan Party are urging voters to cast their ballots early.

Voters can find their polling stations on their information cards or by visiting the Elections Saskatchewan website.

Chief electoral officer Michael Boda says there are about 810,000 registered voters in Saskatchewan.

This report by The Canadian Press was first published Oct. 22, 2024.

The Canadian Press. All rights reserved.

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