Do you keep secrets about your spending from your significant other? Research shows that 44% of partners do. Some money secrets within a coupleship are matters of privacy or convenience, while others cross a line into financial infidelity. A recent survey by...
Financial New Year’s resolutions are a common phenomenon this time of year—especially for anyone who overdid the holiday spending and who knows the new year is going to bring a new batch of credit card bills. Probably one of the most common financial resolutions is:...
The term money scripts, describing the unconscious beliefs that underlie our financial decisions and behavior, has been used by financial planners and therapists for over 15 years. Since the term (coined by Brad Klontz, Ted Klontz, and I) was first published in my...
Last week I addressed the gravity of the increased risk of suicide after experiencing a personal financial crisis. This underscores the seriousness with which we all need to approach making financial decisions, especially those involving high-risk speculative...
“I lost over $450,000, I cannot pay the bank, I’ll become homeless. Suicide is the only way out.” This desperate plea summarizes one of the top posts a few months ago on a Reddit forum for the cryptocurrency Terra Luna. Like other cryptocurrencies, it has recently...
In last week’s column about grief, I suggested that all of our personal losses, such as the death of a loved one, have financial aspects. These may range from a severe reduction in family income because of a divorce or the death of a wage earner, to the complexities...
