[Shavkat]

You have a point there. I noticed that some of my family members cannot understand the word 'budgeting.' They tend to not think whether we are overspending or not.

[Uty Theo]

You have a point there. I noticed that some of my family members cannot understand the word 'budgeting.' They tend to not think whether we are overspending or not.

Family members don't even want to hear that someone needs to run and own a budget. They know you are collecting X amount android they have factored in their share in that your pay.

[Nsikan]

Well, it depends on your family. if they are not Leeches then it is no problem but not with parasites that will start bugging you

Where I am, most family members are leeches especially when they get to know that one person is rich. They expect too much from him.

[OldGuy]

There are actually times when you need to reveal all, right down to the last penny.

When you leave this rock, you leave everything behind. You need to spell out every asset and where to access it in your final will to leave it to your own heirs. When my dad died, there was a huge difference between what we could find and account for and the range of income we knew he had been earning. Mom continued on in dire poverty for the rest of her life because we could not identify anything close to what should have been there. There are missing funds out there someplace.

At the very least, you have to share those intimate details with your tax accountant every year when you prepare your tax returns. Failure to report all your income for those tax documents can land you in jail for failure to report and pay the taxes that will be due.

Other than that, yes, everyone else can go pound sand.

[JASPREET]

It is important to not let them know as they will be eager to ask for loan

[King Belieal]

Some might try to manipulate and blackmail you into giving them money. If you don't, they might start envying you.

[Presh]

I had learned this from my mom. She never agreed for once that she had money. Even on the day we were sure she just got her oay. She was always complaining of how broke she is.

[Fidelia]

A popular footballer in my country just came out to talk about how his family has been guilt tripping him to get money from him just because he was playing in top leagues.

[JASPREET]

Not all our relatives are well-wishers are mostly they feel jealous of our achievements

[Kalayla]

Most friends and family people are just only interested in the things they stand to gain from you. No real love.

[Vehlijanta]

I am telling them half amount of my salary lol

[Fidelia]

When they know how much you are being paid and it's a little bit high, they would start calling you for fees and pocket money. Not saying you shouldn't help your family but be conscious when doing that.

[Nsikan]

Family members and friends could be serious leeches that are hell bent to frustrate you. Some wouid even refuse to work all in the name that they have a rich brother.

[JASPREET]

It is important to not make your relatives aware of your exact income no matter how low or high it is as they will keep gossip about it and may even ask for money.

[Uty Theo]

Your friends would always try to manipulate you to be reckless with your finances when they know about some financial breakthroughs.

[JASPREET]

The problem with revealing your exact income to friends and family is they will ask for help every time and if you deny then there will be problems in your relationship.

[Pistis]

The problem with revealing your exact income to friends and family is they will ask for help every time and if you deny then there will be problems in your relationship.

That's it. But you can't hide your financial level forever. There is a point that you have to be ruthless and tell people that there is a limit to what you can do.

[JASPREET]

Another thing would be to know that not everyone will feel happy at your achievements so better not make them know about your income

[Trush Jodie]

Another thing would be to know that not everyone will feel happy at your achievements so better not make them know about your income

Them being happy or not doesn't affect your finances. Tye one that affects your finances is them always being entitled that you are supposed to be giving them money.

[JASPREET]

I also feel it is also related to bad luck so better to not give anyone Idea of what amount in total you are actually earning