Elaine Swann: Hi! I am Elaine Swann with Everyday Style. In this video, we are discussing polite ways to talk about money. Now in this segment, we are going to discuss how to mind your money talk manners. First and foremost, think before you speak. You don't want to let something out that you can't reel-back in and bring it back.
Bragging, it's not nice at all. I always say, avoid the brag factors. Some of us have some extra money to spend, some of us may not, but we really don't want to brag because it kind of puts people off and don't ask people questions that you wouldn't answer yourself. You have to kind of run things through a sifter and your sifter is would I want to answer this question and if you wouldn't, don't ask.
Showing off, don't show off, you don't want to try to won up people on deals, on purchase if you've gotten. For example, if I say I bought XYZ, you don't want to come in and say, "Hey, I've bought XYZ too and I've got a better deal than you.
" It's really not nice, there is nothing wrong with talking about how great it is or how it's great that you've both bought the same thing. But avoid letting people know that you've got a better deal.
Soon as someone comes out with a question that you don't think you want to answer, best thing to do, just change the subject. For example, someone asks you, how much is your home worth right now, a great answer would be, "Well, housing market is really up and down," then you can kind of go into the conversation that way.
And sometimes you may not want to answer the question at all, so you just tell the person flat out, as polite as you can, "You know that's something that I'd rather not discuss.
"So that's how to deal with those individuals who ask nosy questions. In our next segment, we're going to talk about how to borrow money during these tough economic times.