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The most awkward money moments

A new survey takes a look at financial situations that make us the most uncomfortable.

By MSN Money Partner Jun 22, 2012 2:05PM

This post comes from partner site Credit.com.

 

When it comes to uncomfortable financial moments, 40% of consumers say that having a credit card rejected when they attempt to make a purchase is the most embarrassing of all, according to a survey by Harris Interactive on behalf of Coupon Cabin.

 

Image: Customer Giving Clerk Credit Card (© Fuse/Getty Images)The other extremely common uncomfortable money matters that consumers experienced were feeling pressured to give to a charity (34%), saying no to a panhandler or beggar (30%), feeling pressured to chip in for a group gift (26%), sharing information about salaries with co-workers (25%), splitting a check at dinner with a large group (17%) and figuring out a gift for a partner (13%).

 

Experts say that consumers who don't want to be in embarrassing situations related to their finances may need to be more open and truthful with themselves and others, the report said. If something makes them uncomfortable, they should feel free to say so, despite the pressure to do otherwise. (Post continues below.)

"It's inevitable that some financial situations can be tinged with tension, but honesty is always the best policy," said Jackie Warrick, the president and chief savings officer of Coupon Cabin. "Respect your budget and trust your gut to make the right decision. Don't feel pressured to spend money on something or share something you'd rather not, and expect others to do the same."

 

At the same time, though, consumers who are fearful about maxing out their credit cards will need to take the time to get a better handle on their finances. This can include sitting down to evaluate where they stand financially and what they can do to increase their monthly contributions to their outstanding credit card bills.

By making a more concerted effort to reduce outstanding credit card debt, consumers will not only be able to free themselves of the concern that comes with maxing out their account, but also find a little more comfort in their lives as a result of having fewer bills to deal with and interest charges that pile up more slowly.

 

More on Credit.com and MSN Money:

5Comments
Jun 25, 2012 10:09AM
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    My most awkward money moment came when I applied for my Social Security and found out the f***ing government had spent it all!!!
Jun 25, 2012 12:38PM
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When is MSN going to start banning these stupid "stock" and "singles" websites on here?  I forgot why I rarely go to MSN, and I was reminded again this morning when I started to read these stupid posts MSN allows.  

MSN is JUNK anymore.  
Jun 25, 2012 12:44PM
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The MSN Money comment sections have become larded with spam. On some threads, more than half the comments are spam advertisements.

 

 

Jun 25, 2012 11:59AM
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Was given a hefty gift card for a very expensive restaurant. Went to the wrong one and couldn't cover the bill without the coupon.  It was embarrassing, but the manager was very gracious.  Called a friend who came to the rescue, and finally got enough to cover the bill. I felt very stupid. I even borrowed enough for an appropriate tip, so no one got the shaft.

 

Gave my friend the coupon for the restaurant that I was suppose to be after I paid him back.

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