Have you ever really, really wanted something but then sloughed it off because the likelihood of saving the money to achieve it was super low? You may have just thrown away the possible. How could I know this? For two reasons: research and client experience.
Are you stressed about being short on cash, protecting your credit, and still trying to be a good citizen in this crisis? You're not alone. You're probably beating yourself up as well about not building that emergency fund you always intended to. Let's start with a little compassion - for YOU. We all arrive at decisions and conclusions when we're ready. So now maybe you're ready to at least figure out which bills to pay when. Join me THIS Wednesday March 25 for FREE Open Office Hours. Here's how it works:
Topics: financial wellness
Infidelity is a sizzling topic, and Financial Infidelity is new on the scenes. According to the research Financial Infidelity in Couple Relationships 2018 by Jeanfreau, Noguchi, Mong and Stadthagen, 27% of people admit to keeping a secret from their partner but 53% do keep a secret from their partner. Are they lying? OR, is what they’re doing just not considered infidelity in their minds?
Do you impulsively shop…a lot? Do you use it for self-soothing, escape, or quality time with someone? The reason why you over shop is unique to you. How it impacts your life as you spiral out of control falls into several patterns that look like this:
This character trait is not only considered the best trait to have when managing your money, but also one of the Big Five traits to have for success in general. This is powerful to understand, since building your money behaviors can contribute to building your life success. And vice versa, if you have this trait already in everyday life, you only have to learn some core skills to become more successful with your money as well! What is this trait, and do you have it?
I was reading a catalog yesterday to find a window blind. One summary describing a certain blind and curtains read this way: “This window was desperately needing some color and attention”. DESPERATELY - as in urgent, and life-threatening. It is fair to say that a window undressed will never be a desperate situation, and yet the description can trigger an immediate need in some of us to have windows as beautiful as those in the catalog, or feel terribly inadequate if we don’t. Beware of the following phrases that trigger many of us and how to fight them:
Topics: Retailer Psychology
Many of us think saving means deprivation, so we balk or rebel. For most of you, I can guarantee it won’t be deprivation. How can I be so sure you ask? It’s because of these 3 reasons:
Topics: financial wellness
We’ve shed a lot of blood to be a free nation. It took vision, conflict, faith that there could be a better way, and guts. Was it worth it to become 13 independent colonies years ago? I think all Americans would say absolutely. Was it worth it to become 3 colonies known as Canada years ago on July 1? I think all Canadians would say absolutely too. And today, we still challenge each other everyday with different ideas, religions, legal interpretations, morals. We are a work in progress.
You know, where you sit down with your other half and bare all, or tell them that their money habits are driving you CRAZY? Maybe one of you is a Saver, and the other a Spender. The Saver thinks the Spender is out of control, while the Spender thinks the Saver is a tightwad. You sort of skirt the money talk to avoid confrontation and keep peace in the marriage. There's only one problem. You touch money just about every day. If issues don't get resolved they fester, and erode trust or patience. There is a better way!
I hope to see pay equity in my lifetime, for all the women who continue the hard fight for it. It took 30 years for all the working women of my generation to move the pay equity needle from 69 cents to 81 cents. THIRTY YEARS, of working long hours, being perfectly prepared for every meeting, receiving promotions every 1 ½ years, and yes, even negotiating raises and bonuses. THIRTY YEARS for all the women who raised children and worked full time, running out at 5 pm facing scorn from their male counterparts, then working 2 hours after they cooked dinner and put the kids to bed. But Pay Equity still won’t achieve equality, and here’s why.