Most of us would probably agree that money skills are 21st Century survival skills. Yet, even with all the importance we put on money, most of us know darn little about what we personally believe about money and the relationship we have with it. One reason for this avoidance is simply not knowing where or […]
Tag Archives | Healthy Money Relationships
When stressed or in difficult circumstances, some people drink, some people eat, and some people shop – this can be a financial dangerous habit that should be addressed.
Here’s a quick quiz on money and marriage. Which of the following engaged couples needs a prenuptial agreement about finances? A. He’s a wealthy celebrity with several previous marriages; she’s decades younger with no wealth to speak of. B. Both are in their 50’s, with successful careers, substantial net worth, and adult children from previous […]
“It’s not just shopping, it’s retail therapy.” As a bumper sticker or a joke between friends, this may be amusing. For those who shop to relieve stress, it’s not nearly so funny. Medicating or soothing painful feelings with money is no healthier a behavior than medicating with alcohol or food. When stressed or in difficult […]
One of the challenges at the beginning of a romantic relationship is having “the conversation” about one of most important issues for any couple: money. What is okay to ask a potential partner about money, and when? How do you bring the subject up without seeming like a braggart, a coldhearted miser, or someone looking […]
Last week we looked at the first three components of a millionaire mindset: how to spend like a millionaire by living frugally, budget like a millionaire by putting essentials and savings first, and work like a millionaire by loving what you do and investing in your career. All three of these are vital habits for […]