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Healthy Money Relationships

Money Scripts 2.0: How They Form

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...

Sound Financial Decisions Rely on Balanced Media Diet

I recently asked an investor who had a history of making poor financial decisions to send me a list of his sources for news that impacted his financial decisions. They were all extreme in their political bent, with very low to mixed probability of being factual. There...

Biased Media Diet Can Harm Your Financial Health

Part of supporting my clients’ financial wellbeing requires that I have a good grasp of current world economic, political, and financial events and how they apply to my clients personally and individually. It’s also important as a financial therapist to understand and...

Couples With Income Inequality, Part 2

Last week I described three common dynamics in couples where one partner is much wealthier than the other. Those are the “Funder and Beneficiary” where the wealthy partner pays for everything, the “Proportional Spenders” who contribute based on their income, and the...

When Couples Are Not Financial Equals

References to income and wealth inequality generally focus on how unevenly income and wealth are distributed throughout a population. The greater the gap between those at the top and the bottom, the more problematic it can be to the social health of a country. In a...

Real Estate Buyers Are Liars–Or Not

Tyler and Kirsten’s family was growing. They had one child, another was on the way, and they agreed that they might eventually want a third. Their two-bedroom house would not suit their needs much longer; it was time to look for something bigger. Before they contacted...