Lending Club Blog

Talking about money: How much is too much?

Growing up in my family the issue of money was rarely, if ever discussed. My middle-class parents worked hard, but if they struggled with bills or money issues, they certainly never shared any of those struggles with me.

I really wish they had.

In school, I never learned a thing about a “credit score.” If someone had asked me about “FICO,” I would have thought they were talking about their dog. It wasn’t until my junior year of college that I really began learning how the credit system in our country works. And it wasn’t until this year, at age 24, that I finally created a budget!

I imagine that, like myself, the majority of Americans worry, fret, and have some level of concern about their financial situation. So…why don’t we talk about it more? Sure, we read articles like this online, and subscribe to magazines like Money and Forbes…but do we ever talk to our neighbor about our sky high interest rates? Or a close friend?

Maybe. Maybe not.

If most of us are in the same boat (student loan debt, credit card debt), how come we don’t talk about it more? Are we afraid of being judged? Of being labeled a debtor? A failure? Maybe we are afraid, but debt and our financial worries aren’t going away anytime soon. So why not share the burden with your neighbor or co-worker? You might just find someone in the same situation as you.

What do you think?

Do we talk about money enough in our family, friend, and work relationships? Do we talk too much?

Tuesday, September 25th, 2007 at 10:45 am

Comments (1)

  1. DebtKid – This is an excellent topic for discussion. I know that my
    family did not discuss money much when I was growing up. I know I
    was very naive about money until after college. As a dad, I am
    trying to figure out the right balance for my kids too. I think
    there is a balance to be struck – give them enough to understand,
    but certainly do not review net worth calculations at the dinner
    table. I do not want my kids to have to worry about our financial
    situation, but I do want them ready to think about managing theirs.
    Patrick from Lending Club

    September 26th, 2007 at 7:40 am


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

Welcome Arkansas, Iowa, and Oklahoma Investors!

We recently welcomed residents of Arkansas, Iowa, and Oklahoma… Read More »
July 14, 2015

Renaud Talks Marketplace Lending on Jo Ann Barefoot’s Podcast

This week, CEO Renaud Laplanche… Read More »
June 24, 2015

Lending Club Teams Up with Sam’s Club to Deliver Small Business Financing

Read More »
June 8, 2015

New Lending Club TV Commercial Makes its Debut!

Last week we began testing a new TV commercial showcasing… Read More »
May 26, 2015

Lending Club Honored with Entrepreneurial Company of the Year Award from Harvard Business School Association of Northern California

Read More »
May 15, 2015

Renaud Talks to Jim Cramer

A few months ago, Jim Cramer remarked that he… Read More »
April 15, 2015

Lending Club 2 – Back in the Race

We’re excited to see Renaud back at the helm!… Read More »
March 26, 2015

Lending Club Store’s Grand Opening

We were thrilled at the support we received from… Read More »
March 20, 2015

LendIt is just one month away!

Congratulations to the LendIt team, who rang the opening… Read More »
March 13, 2015

Nearing Retirement – How an IRA Can Help

An Individual Retirement Account (IRA) can help you prep… Read More »
February 25, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w