Talking about money eases the burden


Here at TWiCE, we understand that money problems can come in all shapes and sizes. This can be from being short on money for the grocery shop, to utility bill stress, to credit card debt. Regardless of the scale, money problems and financial stress are things that most people have some degree of experience with. Acknowledging financial stress is always a difficult thing; often times, people feel ashamed and that they have failed when they are struggling financially. For that reason often they’ll ignore the problem, and won’t reach out to those close to them for help. We aim to remove the stigma of money worries by getting people talking about their money issues.


The thing is, if you are experiencing financial stress, often times it is just a case of bad circumstances, and you are not alone. At least 1 in 4 UK households are in a negative cash position, 1 in 8 borrowers between the age of 35-45 would struggle to make ends meet should their debt repayments rise by £100. Despite public perceptions, often ones we see on social media and in the public sphere, in private, people are experiencing serious financial stress.

The dangerous combination of financial stress and a reluctance to seek help can result not only in spiralling money problems, but mental health and social problems as well. Changes in behaviour, breakdown of relationships, and depression are just a few of the symptoms of financial stress. Some of our TWiCE members joined the campaign because they have first hand experience of how serious financial stress affected their lives. One member saw how bill stress would drive their parents into arguments daily, to the point where their two older siblings left home as soon their secondary schooling finished. The unhealthy environment that bill stress created, reached such a point where our member would avoid telling their parents about school excursions and extracurricular activities for fear of causing an argument over how to afford it. How do you overcome something like that?


A big part of it comes down to crunching numbers and how you think about your finances. For our TWiCE member, their parents were able to turn things around. They now own their own home outright, their financial stresses are much lower, and their relationship with one another and their children is in a much healthier position. TWiCE knows that when people are experiencing financial stress, debt often seems like a mountain with no way to reach the top, it's quite a common feeling. Speaking to someone else, and verbalising your problem with someone close to you is an important step. For some people this can take a weight of their shoulders, and odds are you’re speaking to someone who either has, or has someone close who has experienced something similar.


Another part to unravelling the root of your money problems is breaking it down, brick by brick. If you can chop up that mountain as a series of steps, its easier to see the path ahead. Instead of a mountain with its craggy, slippery slopes, it can be thought of as a staircase that needs walking up. The challenge then becomes the next step in the staircase, and that can be to a scale that works for you. Questions like ‘where is your money going?’, ‘where can you reduce your costs?’ and ‘where can you put that extra cash?’ are all individual steps which when laid out, become more identifiable, achievable goals.


Your finances are a challenge, but one that can be overcome. It is our mission here at TWiCE to help people overcome that challenge. Like a sherpa, we can be that guide and helping hand as you start your climb. If you want to find out more about what TWiCE does and how we can help, click the link below. Just like any challenge, it takes a solid plan to overcome. Just like any challenge, it’s easier with help; don’t be afraid to seek it.

- Tom L

Disclaimer:  The above information does not replace financial advice.  Please ensure you seek independent financial advice before making any decisions regarding your finances.  We also recommend that you carry out your own research to ensure that this is right for your own unique circumstances.  Please note that we sometimes link to other websites but we cannot be held responsible for their content.


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