Financial advice is not one-size-fits-all, sometimes we need a little extra help and real-world examples. Finance experts recommend these books as the best finance and personal finance books to build wealth.
Americans routinely pile up credit card reward points, but for some reason, they’re not electing to redeem those rewards lately. That’s a big missed opportunity, credit card experts say. “Beyond the allure of the bonus or zero interest or no fee at sign-up, people don’t think about their strategy behind the credit card and how […]
Money is undoubtedly a taboo topic. We’re often taught from a young age that talking about finances is impolite, uncomfortable, or even shameful. As a result, we grow up and keep our money difficulties and anxieties hush-hush, leading to even more stress. Thinking that you’re the only one who’s dealing with money stress can actually […]
So, after a lot of focus, dedication, and productive work, you’ve finished and delivered another project. You did your part of the deal, so now you expect the same kind of accuracy from your client — paying for a job done. But what if your client forgets to pay? Or even worse, what if you don’t hear from […]
From recent high-profile bank failures to sky-high inflation and worries of a recession, many consumers are coping with financial stress as they try and keep their money safe, plan for the future and simply try to make ends meet. In fact, more than half (52 percent) of adults say money has a negative impact on […]
Problems such as lingering high inflation, increased borrowing rates and the threat of a recession have many Americans worried about their finances. In fact, more than half (52 percent) say money has a negative impact on their mental health, according to Bankrate’s financial wellness survey. Here we’ll go over why financial wellness is so important and […]
Our relationships with money go back a long way. As kids, we learn money lessons from the grown-ups in our lives. Decades later, those lessons remain lodged in our psyche. We may not realize how those early money memories influence our everyday spending and saving habits, but they do. For retirees, the challenge is adopting […]
Turn arguments about finances into mindful money conversations.
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
Yes, talking about money — an inherently stressful topic for most — with your precious soulmate isn’t the most desirable idea, but the importance of doing so cannot be overstated; after all, money issues are the leading cause of breakups.
In the meantime, experts advise that it’s never a bad idea to check in with your money habits to set yourself up to be in the most secure financial position possible. You can stress less about what happens with the economy knowing that you have built the most stable foundation you could.
You know you should set aside savings with every paycheck, live within your means and invest your money wisely. But do you do it?
New research from the University of Georgia suggests that answering three questions could give people insight into their spending and potentially help them modify their behavior in the future.
After a year of COVID-19 disrupting people’s lives, finances are the top cause of employee stress, even above job, health, and relationship stress combined. This has added to the stress many employees are already feeling, with nearly two-thirds of full-time employees saying their financial stress has increased since the start of the pandemic.
63% of employees say that their financial stress has increased since the start of the pandemic.
States are recognizing the need for personal financial education and have begun requiring it as a condition for high school graduation. Responding to teacher requests to help them meet state-mandated financial education requirements, FCS educators in the Oklahoma Cooperative Extension Service developed a financial education tool kit. This article describes the contents of the tool kit and its many uses.
Through its HHS-ACF grant, First Things First collaborates with community organizations and businesses to implement workshops that encourage and support healthy relationships. These relationship classes are for married couples, teens, non-married expectant parents, engaged couples, and singles, as well as married couples in distress.
This brief provides a general overview of the two Healthy Marriage (HM) grantees involved in the Parents and Children Together Evaluation (PACT), provides participation rates in services, and documents how the two grantees integrated job and career advancement services for parenting couples into their programs.
In social work and other community-based human services settings, clients often present with complex financial problems. As a need for more formal training is beginning to be addressed, evaluation of existing training is important, and this study evaluates outcomes from the Financial Stability Pathway (FSP) project. Designed to prepare professionals with the knowledge, attitudes, and skills to effectively assess and respond to clients’ financial problems, we evaluated the FSP using a one-group pre-, post-, and follow-up design.
The purpose of this paper is to introduce an integrative approach to working with clients experiencing problems related to financial disempowerment. The multi-phase model integrates three theoretically-driven psychotherapy approaches, including cognitive behavioral, narrative, and Virginia Satir’s experiential therapies, and financial counseling techniques to increase one’s sense of financial empowerment. A case study is included to demonstrate the applicability and effectiveness of the model.
Money Habitudes is used by both financial planners and financial educators as well as therapists, counselors and coaches (and at integrative financial therapy centers) because it addresses not just money, but the psychology behind spending and saving. It helps clients and patients better understand themselves and gives professionals a non-judgmental way to start important, breakthrough conversations.
Healthy financial management skills can be strong predictors of happy relationships. Couples who communicate effectively about finances, have little or no debt (or who are actively working toward paying off their debt), and live within their means tend to be more stable and satisfied in their marriages,
Nothing kills a romantic mood like money. Having too little of it or arguing about it can create the kind of stress that leads to Splitsville. But many engaged couples who avoid this touchy subject later regret it.
We don’t talk about money enough. There are lots of discussions about consumer spending habits, especially this time of year, but the therapeutic conversations that keep people from making major financial blunders often never take place.
It’s not just an old saying: When it comes to couples and money, opposites do attract. In fact, researchers at the Wharton School and Northwestern University found that while people hope to marry someone with a money style similar to their own, they more often than not marry their financial opposite.
Syble Solomon is a speaker on the psychology of money and the founder and president of LifeWise Strategies. She is best known for Money Habitudes® a deck of cards (and now an online version) that makes it easy to talk about money and discover what motivates our financial behaviors.
In the last decade there has been a growth in services that use the term “coaching” to provide some form of support for financial issues. With this growth and development of the field of financial coaching comes the increased demand and need for financial coaching training opportunities.
We’re all creatures of habit. Many of these patterns develop subconsciously, making them even harder to kick. Maybe you’re the type of person who always splurges on purchases after a bad day.
What are your money habits? What money habits did you bring into your marriage? Did you ever hear your parents say: don’t tell dad or don’t tell mom? How did that affect your future dance with money?
Money and the holidays. For some of us, we happily swing into the spending mode. I look forward to the excuse to buy people gifts and spend money on treats. Each store I walk into is full of tempting, fun, creative, and exciting things all waiting for me! One of my strong money personalities is “giving” and this is my season.
Every year in America, nearly 24,000 young adults age out of foster care. The transition isn’t an easy one. Many youth are thrust into independence at age 18 —and into a world rife with instability, where the risk of unemployment and homelessness is high and shoulders of support are sometimes nonexistent.
I went to my first financial boot camp session armed with a notebook and a calculator. What I needed was a psychologist’s couch.
Step one wasn’t about my bank account balance. It was all about my relationship with money.
It’s certainly a tough situation for them (single mothers), experiencing a lot of different issues both from the financial side of things and from the mental health side of things,” Benstead said. “Money and emotion. Money and health. It is all intertwined.
Horsesmouth – Understand your clients, build trust, and problem-solve with “Money Habitudes,” a quick and fun financial planning tool.
What’s your spouse’s salary? If you don’t know, you’re not alone — almost half of surveyed couples couldn’t get the answer right — but that lack of knowledge may be a sign of deeper money problems in your relationship.
If you can relate to the proverbial hamster on a wheel in your quest to have a bigger house, or nicer clothes, science can explain why.
Our younger years were defined by protests, free thinking, changing the world, and, for some, by free love. But by 2006, a U.S.
When we experience something pleasurable, like winning a prize, our brains produce a chemical called dopamine. We’re hard-wired to prefer pleasure over pain, says Syble Solomon, a specialist in financial psychology and creator of Money Habitudes, an online game that gives insight into different money personalities. So naturally, we’re motivated to do what we find satisfying.
Running a business on Molokai can be tough, but it can be easier with healthy money habits, according to financial educator and entrepreneur Helen Wai.
Three years before reaching retirement age, a friend of mine quit his (full-pension, government) job, and soon began subtracting money from his 401(k) in order to pay off his mortgage.
If Durango High School students come home next week asking how well their parents know their dough, they won’t be asking about bread.
“What you pay is frequently correlated to what you receive,” says Louis Altman of GlobaFone, a premium provider of global communication solutions.
Pete and Jenny were married for seven years when Pete’s job was downsized. He was out of work for eight months while car payments, school debt and credit card bills piled up.
It’s easy to make a decision when you don’t put much thought into it. But you may not be pleased with the results, especially when money is involved.
Learn how to agree on your household finances with your significant other.
A 2012 study conducted by Kansas State University has confirmed what many have speculated for years—arguments about money are the top predictor of divorce.
We all know the feeling after booking a flight to the beach or downing second glass of post-raise celebratory champagne—we’re ready to spend.
One night, Sarah, a veterinarian in her thirties, was having dinner with Laura, a close friend since high school.
Valentine’s Day is coming up, so engagements are on at least a few people’s minds. A 2013 study found that six million people were planning to pop the question or expecting to answer on cupid’s holiday.
DeseretNews.com talked to Syble Solomon, creator of the Money Habitudes conversation starters, to find out what she thought about talking money at Thanksgiving.
Few things are as divisive as money. Learn how to navigate these six awkward money situations that can cause friction between friends.
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money.
The family environment in which children are raised can affect their later decisions in every area of life, from education and employment to marriage and childbearing.
The verbiage couples in great marriages used to describe how they disagreed over financial issues suggests that educators could teach more about money habitudes, habits and attitudes surrounding money, rather than specific financial practices (see staging-moneyhabitudes.temp312.kinsta.cloud).
One of the main causes of couple conflict is the question of how to save or spend money. Many of their attitudes and their habits are a result of their personalities or learned from their families. Often individuals have great goals to use their money for one thing and end up not reaching their goal because they spend the money on something else.
You’re arguing about security, control, love, rejection, and all the other things money represents,” says Syble Solomon, the creator of Money Habitudes.
People unexpectedly began sharing their stories and secrets about money with Syble Solomon during workshops on life transitions. Seemingly rational, intelligent men and women would confide their irrational behavior related to money. Even though they knew better, they would continue to make poor money choices.
When individuals seem to be facing the same financial challenges repeatedly, it’s a good bet that their behavior is actually fulfilling an important emotional need.
Two participants reported developing or updating existing training on financial issues for clients to include values and beliefs about money and the use of Money Habitudes, a card-based intervention tool taught in the training sessions.
Why is money such a complex topic? What did we learn about money as children? What is our internal money language?
Money Habitudes cards offer a fun way to can help couples to build a foundation of mutual understanding, respect and even good humor vis a vis their differing money habits and attitudes. After playing with Money Habitudes cards, subsequent discussions about money issues are likely to feel less emotionally loaded.
When it comes to couples and money, opposites do attract. In fact, researchers found that while people hope to marry someone with a money style similar to their own, they more often than not marry their financial opposite.
We discovered a cool tool at the Smart Marriages conference for helping couples uncover what really drives money issues in a marriage: Money Habitudes cards … The conversation that started was, well, priceless.
If you’re working around finances, the chances are good that your work and advising will touch on divorce. Here are some tips to think about it the right way.
Just sharing basic financial information with a planner can feel like giving up control and power. It requires really trusting someone whom you (typically) know only through a referral.
The first time I sat down with a financial advisor I was 41 — and it was a big step for me. Although my husband and I discussed our investments, I felt incompetent and took no responsibility for decision-making. I was caught in Neverland — sounding assertive like modern woman, while acting out my role as Cinderella, letting Prince Charming rescue me and take care of our finances. Old messages are hard to shake!
The Money Habitudes (2003) cards can be used in a variety of marriage education programs to assist couples and families in evaluating their habits and attitudes toward money.
Syble Solomon, a personal-finance consultant and founder of LifeWise Strategies, let us in on the sneaky ways our psychology can fool us into overspending.
Syble Solomon is a speaker on the psychology of money and the founder and president of LifeWise Strategies. She is best known for Money Habitudes® a deck of cards (and now an online version) that makes it easy to talk about money and discover what motivates our financial behaviors.
If you’ve ever questioned why you feel conflicted, confused or overwhelmed about money, you aren’t alone. In fact, many people struggle with financial decisions daily.
While there are many steps you can take to improve your marriage or keep it strong, one of the best is to figure out how to talk about money with your spouse. Unfortunately, doing so is not easy because discussing money makes people uncomfortable. After all, as we’re growing up, most people learn not to talk about money instead of how to talk about it.
This card-style, game-like tool aids people in understanding their habits and attitudes towards money. It also highlights the how, when, and why people use money, especially concerning saving and spending.
Money coach Syble Solomon has developed a game called Money Habitudes to help people work out their dominant motivation (including planning, security, status, giving, carefree, or spontaneous).
Even though the book is chock full of references to research in fields such as psychotherapy, the social sciences, neurobiology, finance and economics, their style of sharing information feels more like listening to and learning from an engaging, non-judgmental friend than reading a book about serious financial behavior.
Solomon has succeeded in creating a unique way to help people who are struggling with debt to overcome their inhibitions so they can open up and gain insights that will help them take control of their money…I feel confident recommending this tool…It looks like an exciting new way to help people discover their hidden habits and attitudes about money, freeing them to embark on a more empowering future financial life…
Washington Post personal finance columnist Michelle Singletary offers her advice and answers your questions. My guest will be Syble Solomon, creator of the card game, Money Habitudes, and my December Color of Money Book Club pick.
Each Habitude or “domain” was analyzed using Cronbach’s alpha procedures. Results showed all six domains had acceptable levels of reliability. Family finance and consumer science Extension agents can feel confident in using the Money Habitudes tool with individuals and couples.
We followed the Money Habitudes approach to talking with clients about money in a nonjudgmental way, which is designed to build trust and rapport.
We don’t talk about money enough … This simple but extraordinarily insightful game is the Color of Money Book Club selection for December.
The purpose of the Money Habitudes activity is to get people talking about their habits and attitudes when it comes to money. This can be especially helpful when working with couples. This study will present evidence for the reliability analysis of the Money Habitudes statements used in the activity.
Rev. Phil Leo and Syble Solomon, creator of Money Habitude$, discuss the six faces of giving and how knowing your “money habitude” impacts generosity.
On the eve of the winter holidays, LifeWise releases its latest list of conversation starters to think about money in a constructive way.
Talking about money–one of the most daunting conversations–helps people get help, support and personal understanding in order to achieve their financial goals for New Year’s.
Because money plays such a central role in our lives, people benefit by talking proactively about potential money issues instead of waiting until there is a critical need to discuss finances.
January is the most stressful month when it comes to our finances. Those stresses explode when the money issues exist within a relationship.
Syble Solomon has worked with young people in North Carolina and across the United States to help them understand their money personalities and have great conversations with their peers and family about money,” says Tami Hinton, President of the North Carolina Jump$tart Coalition.
Once people understand their own money habits and attitudes, they begin to see why they spend the way they do. Perhaps it is to feel secure, to present a positive image, or to feel good by giving to others.
Money issues are inevitable. As in a marriage, by the time you start arguing it may be too late! Be proactive and have that talk before money issues ruin both your business and your relationship.
The way you manage money can tell a lot about who you are and how you achieve or sabotage your financial and life goals. If you can enjoy your money, are well-informed about it and manage it well to meet your short- and long-term needs, chances are you will feel secure, have balance in your life and achieve your goals.
American Fork • When the heat takes over and school’s out for summer, many kids long to spend the day splashing carefree in pools. More than 50 Utah County teens, however, chose a different diversion this week: learning financial literacy in an air-conditioned, corporate conference room.
I was more intrigued by a more outward-facing statement: “I am frequently amazed at how much money some of the people my age spend on themselves.” Some great follow-up parental questions present themselves immediately: Whose money are those other kids spending, really? On what? Should we limit your spending, even if it’s money you earned?
The program also hosts workshops including taking control of your finances, Money Habitudes, credit and debt management, car buying, investment basics, understanding your thrift savings plan and home buying and selling.
CBS News reported (5/17/07) that U.S. companies are spending nearly eighteen billion advertising dollars annually to target teens and credit card companies are sending college students an average of 25-50 solicitations each semester. Those efforts are working.
What would it take for you to feel financially secure? And, have you shared your thoughts with your spouse? This simple conversation could be the first step to finding a workable solution to disagreements about money. It’s common for husbands and wives to define security quite differently and if their definitions are miles apart, it can mean a bumpy road ahead.
Let’s talk about how to look at holiday shopping as a learning experience so next year your holidays will be less stressful and less costly.
Let’s talk about how you can take charge to get the best deal when you want a loan. You may assume that a Realtor™ has the connections and expertise to get you the best deal and that may be true, but not necessarily.
Let’s talk about messages from home. One day when I was eight years old, my mom sent me to the corner grocery store to buy a few things. On the way home I managed to lose $10. We retraced my steps but the money was nowhere to be found. My mother just sat down and wept.
Through a contract with the U.S. Marine Corps, Money Habitudes® materials are now being used as the foundation of an innovative new Marine Corps personal financial education training course called Your Money Personality.
Let’s talk about getting what you want by looking at a situation through the eyes of the other person.
Let’s talk about being successful. Now that most New Year’s resolutions have faded into a distant memory, choose one little thing that you know you can accomplish and do it. Small successes feel much better than frustration or guilt for not accomplishing an unattainable goal. Plus, small successes lead to big successes.
Let’s talk about increasing your earning power by making a strong, positive impression on others.
Money Habitudes™ cards can help practitioners and clients quickly discover the emotional aspects underlying out-of-control debt
Company behind popular Money Habitudes cards encourages people to think about money with a list of reasons specific to the back-to-school season. Good conversations about money and finances happen when they are proactive and constructive. Assessing one’s habits and attitudes related to money in a fun, non-threatening manner can be an effective first step in […]
Engaging and innovative financial education curriculum with a focus on the psychology of money and behavioral economics helps teens with personal finances and relationships. April 19, 2012 (Press Release) – The Dibble Institute and LifeWise Strategies announce that their collaboration, Money Habitudes: How To Be Rich in Life & Love, has won this year’s Excellence […]
“Bringing Money Into the Conversation” serves as a how-to guide for professionals working with clients with issues related to money January 28, 2013 (Wilmington, NC) – LifeWise Strategies, LLC and Loose Change Financial Therapy, Inc. announce the publication of “Bringing Money Into the Conversation: A Quick Start for Therapists.” Co-authored by Syble Solomon and Amanda […]
It’s common practice to whip out the credit card in the weeks before the gift-giving season; 57 percent of parents said they’d take on debt to buy gifts for their children in 2013, according to one study, while 37 percent of adults planned to use credit cards to fund their holiday spending, according to a CreditDonkey study.
Despite our best intentions, Dr. Peter Ubel says humans often let their emotions over ride reason and end up making irrational decisions. We roll over and hit the snooze button instead of going to the gym, even though we know we’ll feel better if we exercise or lose a bit of weight.
This brief seeks to provide an inventory of the growing field of financial coaching training programs available, to differentiate the various ways that training is being delivered, and to offer comparisons of those training curricula.
Money Habitudes, the popular deck of conversation-starter cards to help couples talk about money are recognized as an important and unique tool in combating divorce and fostering healthy marriages. Wilmington, NC, June 16, 2009 — LifeWise announces that the company’s Money Habitudes cards has received the Smart Marriages 2009 Impact Award. The award recognizes those whose […]
There are times when a speaker comes along and you say to yourself, “She’s been there-done that.”
In recent years, attention has expanded to the realm of adult ADHD and the havoc it can wreak on many aspects of adult life, including driving safety, financial management….
It’s one of those things that happens to everyone, except maybe hermits: being criticized about how you spend your money
When individuals seem to be facing the same financial challenges repeatedly, it’s a good bet that their behavior is actually fulfilling an important emotional need.
The Money Habitudes (2003) cards can be used in a variety of marriage education programs to assist couples and families in evaluating their habits and attitudes toward money.
While there are many steps you can take to improve your marriage or keep it strong, one of the best is to figure out how to talk about money with your spouse. Unfortunately, doing so is not easy because discussing money makes people uncomfortable. After all, as we’re growing up, most people learn not to talk about money instead of how to talk about it.
The purpose of the Money Habitudes activity is to get people talking about their habits and attitudes when it comes to money. This can be especially helpful when working with couples. This study will present evidence for the reliability analysis of the Money Habitudes statements used in the activity.
On the eve of the winter holidays, LifeWise releases its latest list of conversation starters to think about money in a constructive way.
Because money plays such a central role in our lives, people benefit by talking proactively about potential money issues instead of waiting until there is a critical need to discuss finances.
Once people understand their own money habits and attitudes, they begin to see why they spend the way they do. Perhaps it is to feel secure, to present a positive image, or to feel good by giving to others.
Money issues are inevitable. As in a marriage, by the time you start arguing it may be too late! Be proactive and have that talk before money issues ruin both your business and your relationship.
CBS News reported (5/17/07) that U.S. companies are spending nearly eighteen billion advertising dollars annually to target teens and credit card companies are sending college students an average of 25-50 solicitations each semester. Those efforts are working.
What would it take for you to feel financially secure? And, have you shared your thoughts with your spouse? This simple conversation could be the first step to finding a workable solution to disagreements about money. It’s common for husbands and wives to define security quite differently and if their definitions are miles apart, it can mean a bumpy road ahead.
Let’s talk about how to look at holiday shopping as a learning experience so next year your holidays will be less stressful and less costly.
Let’s talk about how you can take charge to get the best deal when you want a loan. You may assume that a Realtor™ has the connections and expertise to get you the best deal and that may be true, but not necessarily.
Let’s talk about messages from home. One day when I was eight years old, my mom sent me to the corner grocery store to buy a few things. On the way home I managed to lose $10. We retraced my steps but the money was nowhere to be found. My mother just sat down and wept.
Through a contract with the U.S. Marine Corps, Money Habitudes® materials are now being used as the foundation of an innovative new Marine Corps personal financial education training course called Your Money Personality.
If Durango High School students come home next week asking how well their parents know their dough, they won’t be asking about bread.
Syble Solomon, a personal-finance consultant and founder of LifeWise Strategies, let us in on the sneaky ways our psychology can fool us into overspending.
Syble Solomon has worked with young people in North Carolina and across the United States to help them understand their money personalities and have great conversations with their peers and family about money,” says Tami Hinton, President of the North Carolina Jump$tart Coalition.
CBS News reported (5/17/07) that U.S. companies are spending nearly eighteen billion advertising dollars annually to target teens and credit card companies are sending college students an average of 25-50 solicitations each semester. Those efforts are working.
Company behind popular Money Habitudes cards encourages people to think about money with a list of reasons specific to the back-to-school season. Good conversations about money and finances happen when they are proactive and constructive. Assessing one’s habits and attitudes related to money in a fun, non-threatening manner can be an effective first step in […]
Engaging and innovative financial education curriculum with a focus on the psychology of money and behavioral economics helps teens with personal finances and relationships. April 19, 2012 (Press Release) – The Dibble Institute and LifeWise Strategies announce that their collaboration, Money Habitudes: How To Be Rich in Life & Love, has won this year’s Excellence […]
Despite our best intentions, Dr. Peter Ubel says humans often let their emotions over ride reason and end up making irrational decisions. We roll over and hit the snooze button instead of going to the gym, even though we know we’ll feel better if we exercise or lose a bit of weight.
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
After a year of COVID-19 disrupting people’s lives, finances are the top cause of employee stress, even above job, health, and relationship stress combined. This has added to the stress many employees are already feeling, with nearly two-thirds of full-time employees saying their financial stress has increased since the start of the pandemic.
63% of employees say that their financial stress has increased since the start of the pandemic.
We don’t talk about money enough. There are lots of discussions about consumer spending habits, especially this time of year, but the therapeutic conversations that keep people from making major financial blunders often never take place.
When individuals seem to be facing the same financial challenges repeatedly, it’s a good bet that their behavior is actually fulfilling an important emotional need.
Syble Solomon, a personal-finance consultant and founder of LifeWise Strategies, let us in on the sneaky ways our psychology can fool us into overspending.
Nothing kills a romantic mood like money. Having too little of it or arguing about it can create the kind of stress that leads to Splitsville. But many engaged couples who avoid this touchy subject later regret it.
It’s not just an old saying: When it comes to couples and money, opposites do attract. In fact, researchers at the Wharton School and Northwestern University found that while people hope to marry someone with a money style similar to their own, they more often than not marry their financial opposite.
When it comes to couples and money, opposites do attract. In fact, researchers found that while people hope to marry someone with a money style similar to their own, they more often than not marry their financial opposite.
While there are many steps you can take to improve your marriage or keep it strong, one of the best is to figure out how to talk about money with your spouse. Unfortunately, doing so is not easy because discussing money makes people uncomfortable. After all, as we’re growing up, most people learn not to talk about money instead of how to talk about it.
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
Yes, talking about money — an inherently stressful topic for most — with your precious soulmate isn’t the most desirable idea, but the importance of doing so cannot be overstated; after all, money issues are the leading cause of breakups.
You know you should set aside savings with every paycheck, live within your means and invest your money wisely. But do you do it?
New research from the University of Georgia suggests that answering three questions could give people insight into their spending and potentially help them modify their behavior in the future.
We don’t talk about money enough. There are lots of discussions about consumer spending habits, especially this time of year, but the therapeutic conversations that keep people from making major financial blunders often never take place.
I went to my first financial boot camp session armed with a notebook and a calculator. What I needed was a psychologist’s couch.
Step one wasn’t about my bank account balance. It was all about my relationship with money.
It’s certainly a tough situation for them (single mothers), experiencing a lot of different issues both from the financial side of things and from the mental health side of things,” Benstead said. “Money and emotion. Money and health. It is all intertwined.
When we experience something pleasurable, like winning a prize, our brains produce a chemical called dopamine. We’re hard-wired to prefer pleasure over pain, says Syble Solomon, a specialist in financial psychology and creator of Money Habitudes, an online game that gives insight into different money personalities. So naturally, we’re motivated to do what we find satisfying.
Running a business on Molokai can be tough, but it can be easier with healthy money habits, according to financial educator and entrepreneur Helen Wai.
Three years before reaching retirement age, a friend of mine quit his (full-pension, government) job, and soon began subtracting money from his 401(k) in order to pay off his mortgage.
“What you pay is frequently correlated to what you receive,” says Louis Altman of GlobaFone, a premium provider of global communication solutions.
It’s easy to make a decision when you don’t put much thought into it. But you may not be pleased with the results, especially when money is involved.
A 2012 study conducted by Kansas State University has confirmed what many have speculated for years—arguments about money are the top predictor of divorce.
We all know the feeling after booking a flight to the beach or downing second glass of post-raise celebratory champagne—we’re ready to spend.
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money.
People unexpectedly began sharing their stories and secrets about money with Syble Solomon during workshops on life transitions. Seemingly rational, intelligent men and women would confide their irrational behavior related to money. Even though they knew better, they would continue to make poor money choices.
When individuals seem to be facing the same financial challenges repeatedly, it’s a good bet that their behavior is actually fulfilling an important emotional need.
Why is money such a complex topic? What did we learn about money as children? What is our internal money language?
We discovered a cool tool at the Smart Marriages conference for helping couples uncover what really drives money issues in a marriage: Money Habitudes cards … The conversation that started was, well, priceless.
Syble Solomon, a personal-finance consultant and founder of LifeWise Strategies, let us in on the sneaky ways our psychology can fool us into overspending.
Even though the book is chock full of references to research in fields such as psychotherapy, the social sciences, neurobiology, finance and economics, their style of sharing information feels more like listening to and learning from an engaging, non-judgmental friend than reading a book about serious financial behavior.
Solomon has succeeded in creating a unique way to help people who are struggling with debt to overcome their inhibitions so they can open up and gain insights that will help them take control of their money…I feel confident recommending this tool…It looks like an exciting new way to help people discover their hidden habits and attitudes about money, freeing them to embark on a more empowering future financial life…
Washington Post personal finance columnist Michelle Singletary offers her advice and answers your questions. My guest will be Syble Solomon, creator of the card game, Money Habitudes, and my December Color of Money Book Club pick.
We don’t talk about money enough … This simple but extraordinarily insightful game is the Color of Money Book Club selection for December.
The purpose of the Money Habitudes activity is to get people talking about their habits and attitudes when it comes to money. This can be especially helpful when working with couples. This study will present evidence for the reliability analysis of the Money Habitudes statements used in the activity.
On the eve of the winter holidays, LifeWise releases its latest list of conversation starters to think about money in a constructive way.
Because money plays such a central role in our lives, people benefit by talking proactively about potential money issues instead of waiting until there is a critical need to discuss finances.
Syble Solomon has worked with young people in North Carolina and across the United States to help them understand their money personalities and have great conversations with their peers and family about money,” says Tami Hinton, President of the North Carolina Jump$tart Coalition.
Once people understand their own money habits and attitudes, they begin to see why they spend the way they do. Perhaps it is to feel secure, to present a positive image, or to feel good by giving to others.
The program also hosts workshops including taking control of your finances, Money Habitudes, credit and debt management, car buying, investment basics, understanding your thrift savings plan and home buying and selling.
Let’s talk about how to look at holiday shopping as a learning experience so next year your holidays will be less stressful and less costly.
Through a contract with the U.S. Marine Corps, Money Habitudes® materials are now being used as the foundation of an innovative new Marine Corps personal financial education training course called Your Money Personality.
Money Habitudes™ cards can help practitioners and clients quickly discover the emotional aspects underlying out-of-control debt
It’s common practice to whip out the credit card in the weeks before the gift-giving season; 57 percent of parents said they’d take on debt to buy gifts for their children in 2013, according to one study, while 37 percent of adults planned to use credit cards to fund their holiday spending, according to a CreditDonkey study.
There are times when a speaker comes along and you say to yourself, “She’s been there-done that.”
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
You know you should set aside savings with every paycheck, live within your means and invest your money wisely. But do you do it?
New research from the University of Georgia suggests that answering three questions could give people insight into their spending and potentially help them modify their behavior in the future.
Horsesmouth – Understand your clients, build trust, and problem-solve with “Money Habitudes,” a quick and fun financial planning tool.
Just sharing basic financial information with a planner can feel like giving up control and power. It requires really trusting someone whom you (typically) know only through a referral.
The first time I sat down with a financial advisor I was 41 — and it was a big step for me. Although my husband and I discussed our investments, I felt incompetent and took no responsibility for decision-making. I was caught in Neverland — sounding assertive like modern woman, while acting out my role as Cinderella, letting Prince Charming rescue me and take care of our finances. Old messages are hard to shake!
If you’ve ever questioned why you feel conflicted, confused or overwhelmed about money, you aren’t alone. In fact, many people struggle with financial decisions daily.
Money coach Syble Solomon has developed a game called Money Habitudes to help people work out their dominant motivation (including planning, security, status, giving, carefree, or spontaneous).
Even though the book is chock full of references to research in fields such as psychotherapy, the social sciences, neurobiology, finance and economics, their style of sharing information feels more like listening to and learning from an engaging, non-judgmental friend than reading a book about serious financial behavior.
Money issues are inevitable. As in a marriage, by the time you start arguing it may be too late! Be proactive and have that talk before money issues ruin both your business and your relationship.
Through a contract with the U.S. Marine Corps, Money Habitudes® materials are now being used as the foundation of an innovative new Marine Corps personal financial education training course called Your Money Personality.
Money Habitudes™ cards can help practitioners and clients quickly discover the emotional aspects underlying out-of-control debt
There are times when a speaker comes along and you say to yourself, “She’s been there-done that.”
Getting your first credit card can be intimidating especially if you have little to no credit history. MoneyGeek has compiled a list of some of the best first credit cards to get if you have no credit history along with expert advice for first time credit card users.
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
If you can relate to the proverbial hamster on a wheel in your quest to have a bigger house, or nicer clothes, science can explain why.
I met today’s guest columnist years ago and I have no idea what took me so long to ask her to write this column for us. Syble Solomon is the creator of Money Habitudes,..
When we experience something pleasurable, like winning a prize, our brains produce a chemical called dopamine. We’re hard-wired to prefer pleasure over pain, says Syble Solomon, a specialist in financial psychology and creator of Money Habitudes, an online game that gives insight into different money personalities. So naturally, we’re motivated to do what we find satisfying.
Three years before reaching retirement age, a friend of mine quit his (full-pension, government) job, and soon began subtracting money from his 401(k) in order to pay off his mortgage.
“What you pay is frequently correlated to what you receive,” says Louis Altman of GlobaFone, a premium provider of global communication solutions.
One night, Sarah, a veterinarian in her thirties, was having dinner with Laura, a close friend since high school.
DeseretNews.com talked to Syble Solomon, creator of the Money Habitudes conversation starters, to find out what she thought about talking money at Thanksgiving.
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money.
You’re arguing about security, control, love, rejection, and all the other things money represents,” says Syble Solomon, the creator of Money Habitudes.
Even though the book is chock full of references to research in fields such as psychotherapy, the social sciences, neurobiology, finance and economics, their style of sharing information feels more like listening to and learning from an engaging, non-judgmental friend than reading a book about serious financial behavior.
Rev. Phil Leo and Syble Solomon, creator of Money Habitude$, discuss the six faces of giving and how knowing your “money habitude” impacts generosity.
On the eve of the winter holidays, LifeWise releases its latest list of conversation starters to think about money in a constructive way.
Because money plays such a central role in our lives, people benefit by talking proactively about potential money issues instead of waiting until there is a critical need to discuss finances.
Money issues are inevitable. As in a marriage, by the time you start arguing it may be too late! Be proactive and have that talk before money issues ruin both your business and your relationship.
Company behind popular Money Habitudes cards encourages people to think about money with a list of reasons specific to the back-to-school season. Good conversations about money and finances happen when they are proactive and constructive. Assessing one’s habits and attitudes related to money in a fun, non-threatening manner can be an effective first step in […]
This brief seeks to provide an inventory of the growing field of financial coaching training programs available, to differentiate the various ways that training is being delivered, and to offer comparisons of those training curricula.
It’s one of those things that happens to everyone, except maybe hermits: being criticized about how you spend your money
We’re all creatures of habit. Many of these patterns develop subconsciously, making them even harder to kick. Maybe you’re the type of person who always splurges on purchases after a bad day.
Every year in America, nearly 24,000 young adults age out of foster care. The transition isn’t an easy one. Many youth are thrust into independence at age 18 —and into a world rife with instability, where the risk of unemployment and homelessness is high and shoulders of support are sometimes nonexistent.
If Durango High School students come home next week asking how well their parents know their dough, they won’t be asking about bread.
American Fork • When the heat takes over and school’s out for summer, many kids long to spend the day splashing carefree in pools. More than 50 Utah County teens, however, chose a different diversion this week: learning financial literacy in an air-conditioned, corporate conference room.
I was more intrigued by a more outward-facing statement: “I am frequently amazed at how much money some of the people my age spend on themselves.” Some great follow-up parental questions present themselves immediately: Whose money are those other kids spending, really? On what? Should we limit your spending, even if it’s money you earned?
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
Money and the holidays. For some of us, we happily swing into the spending mode. I look forward to the excuse to buy people gifts and spend money on treats. Each store I walk into is full of tempting, fun, creative, and exciting things all waiting for me! One of my strong money personalities is “giving” and this is my season.
This card-style, game-like tool aids people in understanding their habits and attitudes towards money. It also highlights the how, when, and why people use money, especially concerning saving and spending.
We don’t talk about money enough … This simple but extraordinarily insightful game is the Color of Money Book Club selection for December.
This brief seeks to provide an inventory of the growing field of financial coaching training programs available, to differentiate the various ways that training is being delivered, and to offer comparisons of those training curricula.
What would it take for you to feel financially secure? And, have you shared your thoughts with your spouse? This simple conversation could be the first step to finding a workable solution to disagreements about money. It’s common for husbands and wives to define security quite differently and if their definitions are miles apart, it can mean a bumpy road ahead.
Let’s talk about how you can take charge to get the best deal when you want a loan. You may assume that a Realtor™ has the connections and expertise to get you the best deal and that may be true, but not necessarily.
Let’s talk about messages from home. One day when I was eight years old, my mom sent me to the corner grocery store to buy a few things. On the way home I managed to lose $10. We retraced my steps but the money was nowhere to be found. My mother just sat down and wept.
Let’s talk about being successful. Now that most New Year’s resolutions have faded into a distant memory, choose one little thing that you know you can accomplish and do it. Small successes feel much better than frustration or guilt for not accomplishing an unattainable goal. Plus, small successes lead to big successes.
Turn arguments about finances into mindful money conversations.
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
Yes, talking about money — an inherently stressful topic for most — with your precious soulmate isn’t the most desirable idea, but the importance of doing so cannot be overstated; after all, money issues are the leading cause of breakups.
Our younger years were defined by protests, free thinking, changing the world, and, for some, by free love. But by 2006, a U.S.
Running a business on Molokai can be tough, but it can be easier with healthy money habits, according to financial educator and entrepreneur Helen Wai.
Pete and Jenny were married for seven years when Pete’s job was downsized. He was out of work for eight months while car payments, school debt and credit card bills piled up.
Learn how to agree on your household finances with your significant other.
A 2012 study conducted by Kansas State University has confirmed what many have speculated for years—arguments about money are the top predictor of divorce.
What makes money such a raw topic, and how can you fight less about it? We asked experts for their thoughts. Understand that money arguments aren’t really about money.
One night, Sarah, a veterinarian in her thirties, was having dinner with Laura, a close friend since high school.
Valentine’s Day is coming up, so engagements are on at least a few people’s minds. A 2013 study found that six million people were planning to pop the question or expecting to answer on cupid’s holiday.
Few things are as divisive as money. Learn how to navigate these six awkward money situations that can cause friction between friends.
The family environment in which children are raised can affect their later decisions in every area of life, from education and employment to marriage and childbearing.
The verbiage couples in great marriages used to describe how they disagreed over financial issues suggests that educators could teach more about money habitudes, habits and attitudes surrounding money, rather than specific financial practices (see staging-moneyhabitudes.temp312.kinsta.cloud).
One of the main causes of couple conflict is the question of how to save or spend money. Many of their attitudes and their habits are a result of their personalities or learned from their families. Often individuals have great goals to use their money for one thing and end up not reaching their goal because they spend the money on something else.
You’re arguing about security, control, love, rejection, and all the other things money represents,” says Syble Solomon, the creator of Money Habitudes.
Why is money such a complex topic? What did we learn about money as children? What is our internal money language?
Money Habitudes cards offer a fun way to can help couples to build a foundation of mutual understanding, respect and even good humor vis a vis their differing money habits and attitudes. After playing with Money Habitudes cards, subsequent discussions about money issues are likely to feel less emotionally loaded.
When it comes to couples and money, opposites do attract. In fact, researchers found that while people hope to marry someone with a money style similar to their own, they more often than not marry their financial opposite.
If you’re working around finances, the chances are good that your work and advising will touch on divorce. Here are some tips to think about it the right way.
The Money Habitudes (2003) cards can be used in a variety of marriage education programs to assist couples and families in evaluating their habits and attitudes toward money.
Money coach Syble Solomon has developed a game called Money Habitudes to help people work out their dominant motivation (including planning, security, status, giving, carefree, or spontaneous).
Washington Post personal finance columnist Michelle Singletary offers her advice and answers your questions. My guest will be Syble Solomon, creator of the card game, Money Habitudes, and my December Color of Money Book Club pick.
On the eve of the winter holidays, LifeWise releases its latest list of conversation starters to think about money in a constructive way.
Because money plays such a central role in our lives, people benefit by talking proactively about potential money issues instead of waiting until there is a critical need to discuss finances.
January is the most stressful month when it comes to our finances. Those stresses explode when the money issues exist within a relationship.
The way you manage money can tell a lot about who you are and how you achieve or sabotage your financial and life goals. If you can enjoy your money, are well-informed about it and manage it well to meet your short- and long-term needs, chances are you will feel secure, have balance in your life and achieve your goals.
“Bringing Money Into the Conversation” serves as a how-to guide for professionals working with clients with issues related to money January 28, 2013 (Wilmington, NC) – LifeWise Strategies, LLC and Loose Change Financial Therapy, Inc. announce the publication of “Bringing Money Into the Conversation: A Quick Start for Therapists.” Co-authored by Syble Solomon and Amanda […]
Money Habitudes, the popular deck of conversation-starter cards to help couples talk about money are recognized as an important and unique tool in combating divorce and fostering healthy marriages. Wilmington, NC, June 16, 2009 — LifeWise announces that the company’s Money Habitudes cards has received the Smart Marriages 2009 Impact Award. The award recognizes those whose […]
It’s one of those things that happens to everyone, except maybe hermits: being criticized about how you spend your money
States are recognizing the need for personal financial education and have begun requiring it as a condition for high school graduation. Responding to teacher requests to help them meet state-mandated financial education requirements, FCS educators in the Oklahoma Cooperative Extension Service developed a financial education tool kit. This article describes the contents of the tool kit and its many uses.
Through its HHS-ACF grant, First Things First collaborates with community organizations and businesses to implement workshops that encourage and support healthy relationships. These relationship classes are for married couples, teens, non-married expectant parents, engaged couples, and singles, as well as married couples in distress.
This brief provides a general overview of the two Healthy Marriage (HM) grantees involved in the Parents and Children Together Evaluation (PACT), provides participation rates in services, and documents how the two grantees integrated job and career advancement services for parenting couples into their programs.
In social work and other community-based human services settings, clients often present with complex financial problems. As a need for more formal training is beginning to be addressed, evaluation of existing training is important, and this study evaluates outcomes from the Financial Stability Pathway (FSP) project. Designed to prepare professionals with the knowledge, attitudes, and skills to effectively assess and respond to clients’ financial problems, we evaluated the FSP using a one-group pre-, post-, and follow-up design.
The purpose of this paper is to introduce an integrative approach to working with clients experiencing problems related to financial disempowerment. The multi-phase model integrates three theoretically-driven psychotherapy approaches, including cognitive behavioral, narrative, and Virginia Satir’s experiential therapies, and financial counseling techniques to increase one’s sense of financial empowerment. A case study is included to demonstrate the applicability and effectiveness of the model.
Money Habitudes is used by both financial planners and financial educators as well as therapists, counselors and coaches (and at integrative financial therapy centers) because it addresses not just money, but the psychology behind spending and saving. It helps clients and patients better understand themselves and gives professionals a non-judgmental way to start important, breakthrough conversations.
In the last decade there has been a growth in services that use the term “coaching” to provide some form of support for financial issues. With this growth and development of the field of financial coaching comes the increased demand and need for financial coaching training opportunities.
The verbiage couples in great marriages used to describe how they disagreed over financial issues suggests that educators could teach more about money habitudes, habits and attitudes surrounding money, rather than specific financial practices (see staging-moneyhabitudes.temp312.kinsta.cloud).
Two participants reported developing or updating existing training on financial issues for clients to include values and beliefs about money and the use of Money Habitudes, a card-based intervention tool taught in the training sessions.
The Money Habitudes (2003) cards can be used in a variety of marriage education programs to assist couples and families in evaluating their habits and attitudes toward money.
Solomon has succeeded in creating a unique way to help people who are struggling with debt to overcome their inhibitions so they can open up and gain insights that will help them take control of their money…I feel confident recommending this tool…It looks like an exciting new way to help people discover their hidden habits and attitudes about money, freeing them to embark on a more empowering future financial life…
Each Habitude or “domain” was analyzed using Cronbach’s alpha procedures. Results showed all six domains had acceptable levels of reliability. Family finance and consumer science Extension agents can feel confident in using the Money Habitudes tool with individuals and couples.
We followed the Money Habitudes approach to talking with clients about money in a nonjudgmental way, which is designed to build trust and rapport.
The purpose of the Money Habitudes activity is to get people talking about their habits and attitudes when it comes to money. This can be especially helpful when working with couples. This study will present evidence for the reliability analysis of the Money Habitudes statements used in the activity.
This brief seeks to provide an inventory of the growing field of financial coaching training programs available, to differentiate the various ways that training is being delivered, and to offer comparisons of those training curricula.
Financial advice is not one-size-fits-all, sometimes we need a little extra help and real-world examples. Finance experts recommend these books as the best finance and personal finance books to build wealth.
Americans routinely pile up credit card reward points, but for some reason, they’re not electing to redeem those rewards lately. That’s a big missed opportunity, credit card experts say. “Beyond the allure of the bonus or zero interest or no fee at sign-up, people don’t think about their strategy behind the credit card and how […]
Money is undoubtedly a taboo topic. We’re often taught from a young age that talking about finances is impolite, uncomfortable, or even shameful. As a result, we grow up and keep our money difficulties and anxieties hush-hush, leading to even more stress. Thinking that you’re the only one who’s dealing with money stress can actually […]
So, after a lot of focus, dedication, and productive work, you’ve finished and delivered another project. You did your part of the deal, so now you expect the same kind of accuracy from your client — paying for a job done. But what if your client forgets to pay? Or even worse, what if you don’t hear from […]
From recent high-profile bank failures to sky-high inflation and worries of a recession, many consumers are coping with financial stress as they try and keep their money safe, plan for the future and simply try to make ends meet. In fact, more than half (52 percent) of adults say money has a negative impact on […]
Problems such as lingering high inflation, increased borrowing rates and the threat of a recession have many Americans worried about their finances. In fact, more than half (52 percent) say money has a negative impact on their mental health, according to Bankrate’s financial wellness survey. Here we’ll go over why financial wellness is so important and […]
Our relationships with money go back a long way. As kids, we learn money lessons from the grown-ups in our lives. Decades later, those lessons remain lodged in our psyche. We may not realize how those early money memories influence our everyday spending and saving habits, but they do. For retirees, the challenge is adopting […]
Turn arguments about finances into mindful money conversations.
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
Yes, talking about money — an inherently stressful topic for most — with your precious soulmate isn’t the most desirable idea, but the importance of doing so cannot be overstated; after all, money issues are the leading cause of breakups.
In the meantime, experts advise that it’s never a bad idea to check in with your money habits to set yourself up to be in the most secure financial position possible. You can stress less about what happens with the economy knowing that you have built the most stable foundation you could.
You know you should set aside savings with every paycheck, live within your means and invest your money wisely. But do you do it?
New research from the University of Georgia suggests that answering three questions could give people insight into their spending and potentially help them modify their behavior in the future.
After a year of COVID-19 disrupting people’s lives, finances are the top cause of employee stress, even above job, health, and relationship stress combined. This has added to the stress many employees are already feeling, with nearly two-thirds of full-time employees saying their financial stress has increased since the start of the pandemic.
63% of employees say that their financial stress has increased since the start of the pandemic.
States are recognizing the need for personal financial education and have begun requiring it as a condition for high school graduation. Responding to teacher requests to help them meet state-mandated financial education requirements, FCS educators in the Oklahoma Cooperative Extension Service developed a financial education tool kit. This article describes the contents of the tool kit and its many uses.
Through its HHS-ACF grant, First Things First collaborates with community organizations and businesses to implement workshops that encourage and support healthy relationships. These relationship classes are for married couples, teens, non-married expectant parents, engaged couples, and singles, as well as married couples in distress.
This brief provides a general overview of the two Healthy Marriage (HM) grantees involved in the Parents and Children Together Evaluation (PACT), provides participation rates in services, and documents how the two grantees integrated job and career advancement services for parenting couples into their programs.
In social work and other community-based human services settings, clients often present with complex financial problems. As a need for more formal training is beginning to be addressed, evaluation of existing training is important, and this study evaluates outcomes from the Financial Stability Pathway (FSP) project. Designed to prepare professionals with the knowledge, attitudes, and skills to effectively assess and respond to clients’ financial problems, we evaluated the FSP using a one-group pre-, post-, and follow-up design.
The purpose of this paper is to introduce an integrative approach to working with clients experiencing problems related to financial disempowerment. The multi-phase model integrates three theoretically-driven psychotherapy approaches, including cognitive behavioral, narrative, and Virginia Satir’s experiential therapies, and financial counseling techniques to increase one’s sense of financial empowerment. A case study is included to demonstrate the applicability and effectiveness of the model.
Money Habitudes is used by both financial planners and financial educators as well as therapists, counselors and coaches (and at integrative financial therapy centers) because it addresses not just money, but the psychology behind spending and saving. It helps clients and patients better understand themselves and gives professionals a non-judgmental way to start important, breakthrough conversations.
Healthy financial management skills can be strong predictors of happy relationships. Couples who communicate effectively about finances, have little or no debt (or who are actively working toward paying off their debt), and live within their means tend to be more stable and satisfied in their marriages,
Nothing kills a romantic mood like money. Having too little of it or arguing about it can create the kind of stress that leads to Splitsville. But many engaged couples who avoid this touchy subject later regret it.
We don’t talk about money enough. There are lots of discussions about consumer spending habits, especially this time of year, but the therapeutic conversations that keep people from making major financial blunders often never take place.
It’s not just an old saying: When it comes to couples and money, opposites do attract. In fact, researchers at the Wharton School and Northwestern University found that while people hope to marry someone with a money style similar to their own, they more often than not marry their financial opposite.
Syble Solomon is a speaker on the psychology of money and the founder and president of LifeWise Strategies. She is best known for Money Habitudes® a deck of cards (and now an online version) that makes it easy to talk about money and discover what motivates our financial behaviors.
In the last decade there has been a growth in services that use the term “coaching” to provide some form of support for financial issues. With this growth and development of the field of financial coaching comes the increased demand and need for financial coaching training opportunities.
We’re all creatures of habit. Many of these patterns develop subconsciously, making them even harder to kick. Maybe you’re the type of person who always splurges on purchases after a bad day.
What are your money habits? What money habits did you bring into your marriage? Did you ever hear your parents say: don’t tell dad or don’t tell mom? How did that affect your future dance with money?
Money and the holidays. For some of us, we happily swing into the spending mode. I look forward to the excuse to buy people gifts and spend money on treats. Each store I walk into is full of tempting, fun, creative, and exciting things all waiting for me! One of my strong money personalities is “giving” and this is my season.
Every year in America, nearly 24,000 young adults age out of foster care. The transition isn’t an easy one. Many youth are thrust into independence at age 18 —and into a world rife with instability, where the risk of unemployment and homelessness is high and shoulders of support are sometimes nonexistent.
I went to my first financial boot camp session armed with a notebook and a calculator. What I needed was a psychologist’s couch.
Step one wasn’t about my bank account balance. It was all about my relationship with money.
It’s certainly a tough situation for them (single mothers), experiencing a lot of different issues both from the financial side of things and from the mental health side of things,” Benstead said. “Money and emotion. Money and health. It is all intertwined.
Horsesmouth – Understand your clients, build trust, and problem-solve with “Money Habitudes,” a quick and fun financial planning tool.
What’s your spouse’s salary? If you don’t know, you’re not alone — almost half of surveyed couples couldn’t get the answer right — but that lack of knowledge may be a sign of deeper money problems in your relationship.
If you can relate to the proverbial hamster on a wheel in your quest to have a bigger house, or nicer clothes, science can explain why.
Our younger years were defined by protests, free thinking, changing the world, and, for some, by free love. But by 2006, a U.S.
When we experience something pleasurable, like winning a prize, our brains produce a chemical called dopamine. We’re hard-wired to prefer pleasure over pain, says Syble Solomon, a specialist in financial psychology and creator of Money Habitudes, an online game that gives insight into different money personalities. So naturally, we’re motivated to do what we find satisfying.
Running a business on Molokai can be tough, but it can be easier with healthy money habits, according to financial educator and entrepreneur Helen Wai.
Three years before reaching retirement age, a friend of mine quit his (full-pension, government) job, and soon began subtracting money from his 401(k) in order to pay off his mortgage.
If Durango High School students come home next week asking how well their parents know their dough, they won’t be asking about bread.
“What you pay is frequently correlated to what you receive,” says Louis Altman of GlobaFone, a premium provider of global communication solutions.
Pete and Jenny were married for seven years when Pete’s job was downsized. He was out of work for eight months while car payments, school debt and credit card bills piled up.
It’s easy to make a decision when you don’t put much thought into it. But you may not be pleased with the results, especially when money is involved.
Learn how to agree on your household finances with your significant other.
A 2012 study conducted by Kansas State University has confirmed what many have speculated for years—arguments about money are the top predictor of divorce.
We all know the feeling after booking a flight to the beach or downing second glass of post-raise celebratory champagne—we’re ready to spend.
One night, Sarah, a veterinarian in her thirties, was having dinner with Laura, a close friend since high school.
Valentine’s Day is coming up, so engagements are on at least a few people’s minds. A 2013 study found that six million people were planning to pop the question or expecting to answer on cupid’s holiday.
DeseretNews.com talked to Syble Solomon, creator of the Money Habitudes conversation starters, to find out what she thought about talking money at Thanksgiving.
Few things are as divisive as money. Learn how to navigate these six awkward money situations that can cause friction between friends.
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money.
The family environment in which children are raised can affect their later decisions in every area of life, from education and employment to marriage and childbearing.
The verbiage couples in great marriages used to describe how they disagreed over financial issues suggests that educators could teach more about money habitudes, habits and attitudes surrounding money, rather than specific financial practices (see staging-moneyhabitudes.temp312.kinsta.cloud).
One of the main causes of couple conflict is the question of how to save or spend money. Many of their attitudes and their habits are a result of their personalities or learned from their families. Often individuals have great goals to use their money for one thing and end up not reaching their goal because they spend the money on something else.
You’re arguing about security, control, love, rejection, and all the other things money represents,” says Syble Solomon, the creator of Money Habitudes.
People unexpectedly began sharing their stories and secrets about money with Syble Solomon during workshops on life transitions. Seemingly rational, intelligent men and women would confide their irrational behavior related to money. Even though they knew better, they would continue to make poor money choices.
When individuals seem to be facing the same financial challenges repeatedly, it’s a good bet that their behavior is actually fulfilling an important emotional need.
Two participants reported developing or updating existing training on financial issues for clients to include values and beliefs about money and the use of Money Habitudes, a card-based intervention tool taught in the training sessions.
Why is money such a complex topic? What did we learn about money as children? What is our internal money language?
Money Habitudes cards offer a fun way to can help couples to build a foundation of mutual understanding, respect and even good humor vis a vis their differing money habits and attitudes. After playing with Money Habitudes cards, subsequent discussions about money issues are likely to feel less emotionally loaded.
When it comes to couples and money, opposites do attract. In fact, researchers found that while people hope to marry someone with a money style similar to their own, they more often than not marry their financial opposite.
We discovered a cool tool at the Smart Marriages conference for helping couples uncover what really drives money issues in a marriage: Money Habitudes cards … The conversation that started was, well, priceless.
If you’re working around finances, the chances are good that your work and advising will touch on divorce. Here are some tips to think about it the right way.
Just sharing basic financial information with a planner can feel like giving up control and power. It requires really trusting someone whom you (typically) know only through a referral.
The first time I sat down with a financial advisor I was 41 — and it was a big step for me. Although my husband and I discussed our investments, I felt incompetent and took no responsibility for decision-making. I was caught in Neverland — sounding assertive like modern woman, while acting out my role as Cinderella, letting Prince Charming rescue me and take care of our finances. Old messages are hard to shake!
The Money Habitudes (2003) cards can be used in a variety of marriage education programs to assist couples and families in evaluating their habits and attitudes toward money.
Syble Solomon, a personal-finance consultant and founder of LifeWise Strategies, let us in on the sneaky ways our psychology can fool us into overspending.
Syble Solomon is a speaker on the psychology of money and the founder and president of LifeWise Strategies. She is best known for Money Habitudes® a deck of cards (and now an online version) that makes it easy to talk about money and discover what motivates our financial behaviors.
If you’ve ever questioned why you feel conflicted, confused or overwhelmed about money, you aren’t alone. In fact, many people struggle with financial decisions daily.
While there are many steps you can take to improve your marriage or keep it strong, one of the best is to figure out how to talk about money with your spouse. Unfortunately, doing so is not easy because discussing money makes people uncomfortable. After all, as we’re growing up, most people learn not to talk about money instead of how to talk about it.
This card-style, game-like tool aids people in understanding their habits and attitudes towards money. It also highlights the how, when, and why people use money, especially concerning saving and spending.
Money coach Syble Solomon has developed a game called Money Habitudes to help people work out their dominant motivation (including planning, security, status, giving, carefree, or spontaneous).
Even though the book is chock full of references to research in fields such as psychotherapy, the social sciences, neurobiology, finance and economics, their style of sharing information feels more like listening to and learning from an engaging, non-judgmental friend than reading a book about serious financial behavior.
Solomon has succeeded in creating a unique way to help people who are struggling with debt to overcome their inhibitions so they can open up and gain insights that will help them take control of their money…I feel confident recommending this tool…It looks like an exciting new way to help people discover their hidden habits and attitudes about money, freeing them to embark on a more empowering future financial life…
Washington Post personal finance columnist Michelle Singletary offers her advice and answers your questions. My guest will be Syble Solomon, creator of the card game, Money Habitudes, and my December Color of Money Book Club pick.
Each Habitude or “domain” was analyzed using Cronbach’s alpha procedures. Results showed all six domains had acceptable levels of reliability. Family finance and consumer science Extension agents can feel confident in using the Money Habitudes tool with individuals and couples.
We followed the Money Habitudes approach to talking with clients about money in a nonjudgmental way, which is designed to build trust and rapport.
We don’t talk about money enough … This simple but extraordinarily insightful game is the Color of Money Book Club selection for December.
The purpose of the Money Habitudes activity is to get people talking about their habits and attitudes when it comes to money. This can be especially helpful when working with couples. This study will present evidence for the reliability analysis of the Money Habitudes statements used in the activity.
Rev. Phil Leo and Syble Solomon, creator of Money Habitude$, discuss the six faces of giving and how knowing your “money habitude” impacts generosity.
On the eve of the winter holidays, LifeWise releases its latest list of conversation starters to think about money in a constructive way.
Talking about money–one of the most daunting conversations–helps people get help, support and personal understanding in order to achieve their financial goals for New Year’s.
Because money plays such a central role in our lives, people benefit by talking proactively about potential money issues instead of waiting until there is a critical need to discuss finances.
January is the most stressful month when it comes to our finances. Those stresses explode when the money issues exist within a relationship.
Syble Solomon has worked with young people in North Carolina and across the United States to help them understand their money personalities and have great conversations with their peers and family about money,” says Tami Hinton, President of the North Carolina Jump$tart Coalition.
Once people understand their own money habits and attitudes, they begin to see why they spend the way they do. Perhaps it is to feel secure, to present a positive image, or to feel good by giving to others.
Money issues are inevitable. As in a marriage, by the time you start arguing it may be too late! Be proactive and have that talk before money issues ruin both your business and your relationship.
The way you manage money can tell a lot about who you are and how you achieve or sabotage your financial and life goals. If you can enjoy your money, are well-informed about it and manage it well to meet your short- and long-term needs, chances are you will feel secure, have balance in your life and achieve your goals.
American Fork • When the heat takes over and school’s out for summer, many kids long to spend the day splashing carefree in pools. More than 50 Utah County teens, however, chose a different diversion this week: learning financial literacy in an air-conditioned, corporate conference room.
I was more intrigued by a more outward-facing statement: “I am frequently amazed at how much money some of the people my age spend on themselves.” Some great follow-up parental questions present themselves immediately: Whose money are those other kids spending, really? On what? Should we limit your spending, even if it’s money you earned?
The program also hosts workshops including taking control of your finances, Money Habitudes, credit and debt management, car buying, investment basics, understanding your thrift savings plan and home buying and selling.
CBS News reported (5/17/07) that U.S. companies are spending nearly eighteen billion advertising dollars annually to target teens and credit card companies are sending college students an average of 25-50 solicitations each semester. Those efforts are working.
What would it take for you to feel financially secure? And, have you shared your thoughts with your spouse? This simple conversation could be the first step to finding a workable solution to disagreements about money. It’s common for husbands and wives to define security quite differently and if their definitions are miles apart, it can mean a bumpy road ahead.
Let’s talk about how to look at holiday shopping as a learning experience so next year your holidays will be less stressful and less costly.
Let’s talk about how you can take charge to get the best deal when you want a loan. You may assume that a Realtor™ has the connections and expertise to get you the best deal and that may be true, but not necessarily.
Let’s talk about messages from home. One day when I was eight years old, my mom sent me to the corner grocery store to buy a few things. On the way home I managed to lose $10. We retraced my steps but the money was nowhere to be found. My mother just sat down and wept.
Through a contract with the U.S. Marine Corps, Money Habitudes® materials are now being used as the foundation of an innovative new Marine Corps personal financial education training course called Your Money Personality.
Let’s talk about getting what you want by looking at a situation through the eyes of the other person.
Let’s talk about being successful. Now that most New Year’s resolutions have faded into a distant memory, choose one little thing that you know you can accomplish and do it. Small successes feel much better than frustration or guilt for not accomplishing an unattainable goal. Plus, small successes lead to big successes.
Let’s talk about increasing your earning power by making a strong, positive impression on others.
Money Habitudes™ cards can help practitioners and clients quickly discover the emotional aspects underlying out-of-control debt
Company behind popular Money Habitudes cards encourages people to think about money with a list of reasons specific to the back-to-school season. Good conversations about money and finances happen when they are proactive and constructive. Assessing one’s habits and attitudes related to money in a fun, non-threatening manner can be an effective first step in […]
Engaging and innovative financial education curriculum with a focus on the psychology of money and behavioral economics helps teens with personal finances and relationships. April 19, 2012 (Press Release) – The Dibble Institute and LifeWise Strategies announce that their collaboration, Money Habitudes: How To Be Rich in Life & Love, has won this year’s Excellence […]
“Bringing Money Into the Conversation” serves as a how-to guide for professionals working with clients with issues related to money January 28, 2013 (Wilmington, NC) – LifeWise Strategies, LLC and Loose Change Financial Therapy, Inc. announce the publication of “Bringing Money Into the Conversation: A Quick Start for Therapists.” Co-authored by Syble Solomon and Amanda […]
It’s common practice to whip out the credit card in the weeks before the gift-giving season; 57 percent of parents said they’d take on debt to buy gifts for their children in 2013, according to one study, while 37 percent of adults planned to use credit cards to fund their holiday spending, according to a CreditDonkey study.
Despite our best intentions, Dr. Peter Ubel says humans often let their emotions over ride reason and end up making irrational decisions. We roll over and hit the snooze button instead of going to the gym, even though we know we’ll feel better if we exercise or lose a bit of weight.
This brief seeks to provide an inventory of the growing field of financial coaching training programs available, to differentiate the various ways that training is being delivered, and to offer comparisons of those training curricula.
Money Habitudes, the popular deck of conversation-starter cards to help couples talk about money are recognized as an important and unique tool in combating divorce and fostering healthy marriages. Wilmington, NC, June 16, 2009 — LifeWise announces that the company’s Money Habitudes cards has received the Smart Marriages 2009 Impact Award. The award recognizes those whose […]
There are times when a speaker comes along and you say to yourself, “She’s been there-done that.”
In recent years, attention has expanded to the realm of adult ADHD and the havoc it can wreak on many aspects of adult life, including driving safety, financial management….
It’s one of those things that happens to everyone, except maybe hermits: being criticized about how you spend your money
When individuals seem to be facing the same financial challenges repeatedly, it’s a good bet that their behavior is actually fulfilling an important emotional need.
The Money Habitudes (2003) cards can be used in a variety of marriage education programs to assist couples and families in evaluating their habits and attitudes toward money.
While there are many steps you can take to improve your marriage or keep it strong, one of the best is to figure out how to talk about money with your spouse. Unfortunately, doing so is not easy because discussing money makes people uncomfortable. After all, as we’re growing up, most people learn not to talk about money instead of how to talk about it.
The purpose of the Money Habitudes activity is to get people talking about their habits and attitudes when it comes to money. This can be especially helpful when working with couples. This study will present evidence for the reliability analysis of the Money Habitudes statements used in the activity.
On the eve of the winter holidays, LifeWise releases its latest list of conversation starters to think about money in a constructive way.
Because money plays such a central role in our lives, people benefit by talking proactively about potential money issues instead of waiting until there is a critical need to discuss finances.
Once people understand their own money habits and attitudes, they begin to see why they spend the way they do. Perhaps it is to feel secure, to present a positive image, or to feel good by giving to others.
Money issues are inevitable. As in a marriage, by the time you start arguing it may be too late! Be proactive and have that talk before money issues ruin both your business and your relationship.
CBS News reported (5/17/07) that U.S. companies are spending nearly eighteen billion advertising dollars annually to target teens and credit card companies are sending college students an average of 25-50 solicitations each semester. Those efforts are working.
What would it take for you to feel financially secure? And, have you shared your thoughts with your spouse? This simple conversation could be the first step to finding a workable solution to disagreements about money. It’s common for husbands and wives to define security quite differently and if their definitions are miles apart, it can mean a bumpy road ahead.
Let’s talk about how to look at holiday shopping as a learning experience so next year your holidays will be less stressful and less costly.
Let’s talk about how you can take charge to get the best deal when you want a loan. You may assume that a Realtor™ has the connections and expertise to get you the best deal and that may be true, but not necessarily.
Let’s talk about messages from home. One day when I was eight years old, my mom sent me to the corner grocery store to buy a few things. On the way home I managed to lose $10. We retraced my steps but the money was nowhere to be found. My mother just sat down and wept.
Through a contract with the U.S. Marine Corps, Money Habitudes® materials are now being used as the foundation of an innovative new Marine Corps personal financial education training course called Your Money Personality.
If Durango High School students come home next week asking how well their parents know their dough, they won’t be asking about bread.
Syble Solomon, a personal-finance consultant and founder of LifeWise Strategies, let us in on the sneaky ways our psychology can fool us into overspending.
Syble Solomon has worked with young people in North Carolina and across the United States to help them understand their money personalities and have great conversations with their peers and family about money,” says Tami Hinton, President of the North Carolina Jump$tart Coalition.
CBS News reported (5/17/07) that U.S. companies are spending nearly eighteen billion advertising dollars annually to target teens and credit card companies are sending college students an average of 25-50 solicitations each semester. Those efforts are working.
Company behind popular Money Habitudes cards encourages people to think about money with a list of reasons specific to the back-to-school season. Good conversations about money and finances happen when they are proactive and constructive. Assessing one’s habits and attitudes related to money in a fun, non-threatening manner can be an effective first step in […]
Engaging and innovative financial education curriculum with a focus on the psychology of money and behavioral economics helps teens with personal finances and relationships. April 19, 2012 (Press Release) – The Dibble Institute and LifeWise Strategies announce that their collaboration, Money Habitudes: How To Be Rich in Life & Love, has won this year’s Excellence […]
Despite our best intentions, Dr. Peter Ubel says humans often let their emotions over ride reason and end up making irrational decisions. We roll over and hit the snooze button instead of going to the gym, even though we know we’ll feel better if we exercise or lose a bit of weight.
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
After a year of COVID-19 disrupting people’s lives, finances are the top cause of employee stress, even above job, health, and relationship stress combined. This has added to the stress many employees are already feeling, with nearly two-thirds of full-time employees saying their financial stress has increased since the start of the pandemic.
63% of employees say that their financial stress has increased since the start of the pandemic.
We don’t talk about money enough. There are lots of discussions about consumer spending habits, especially this time of year, but the therapeutic conversations that keep people from making major financial blunders often never take place.
When individuals seem to be facing the same financial challenges repeatedly, it’s a good bet that their behavior is actually fulfilling an important emotional need.
Syble Solomon, a personal-finance consultant and founder of LifeWise Strategies, let us in on the sneaky ways our psychology can fool us into overspending.
Nothing kills a romantic mood like money. Having too little of it or arguing about it can create the kind of stress that leads to Splitsville. But many engaged couples who avoid this touchy subject later regret it.
It’s not just an old saying: When it comes to couples and money, opposites do attract. In fact, researchers at the Wharton School and Northwestern University found that while people hope to marry someone with a money style similar to their own, they more often than not marry their financial opposite.
When it comes to couples and money, opposites do attract. In fact, researchers found that while people hope to marry someone with a money style similar to their own, they more often than not marry their financial opposite.
While there are many steps you can take to improve your marriage or keep it strong, one of the best is to figure out how to talk about money with your spouse. Unfortunately, doing so is not easy because discussing money makes people uncomfortable. After all, as we’re growing up, most people learn not to talk about money instead of how to talk about it.
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
Yes, talking about money — an inherently stressful topic for most — with your precious soulmate isn’t the most desirable idea, but the importance of doing so cannot be overstated; after all, money issues are the leading cause of breakups.
You know you should set aside savings with every paycheck, live within your means and invest your money wisely. But do you do it?
New research from the University of Georgia suggests that answering three questions could give people insight into their spending and potentially help them modify their behavior in the future.
We don’t talk about money enough. There are lots of discussions about consumer spending habits, especially this time of year, but the therapeutic conversations that keep people from making major financial blunders often never take place.
I went to my first financial boot camp session armed with a notebook and a calculator. What I needed was a psychologist’s couch.
Step one wasn’t about my bank account balance. It was all about my relationship with money.
It’s certainly a tough situation for them (single mothers), experiencing a lot of different issues both from the financial side of things and from the mental health side of things,” Benstead said. “Money and emotion. Money and health. It is all intertwined.
When we experience something pleasurable, like winning a prize, our brains produce a chemical called dopamine. We’re hard-wired to prefer pleasure over pain, says Syble Solomon, a specialist in financial psychology and creator of Money Habitudes, an online game that gives insight into different money personalities. So naturally, we’re motivated to do what we find satisfying.
Running a business on Molokai can be tough, but it can be easier with healthy money habits, according to financial educator and entrepreneur Helen Wai.
Three years before reaching retirement age, a friend of mine quit his (full-pension, government) job, and soon began subtracting money from his 401(k) in order to pay off his mortgage.
“What you pay is frequently correlated to what you receive,” says Louis Altman of GlobaFone, a premium provider of global communication solutions.
It’s easy to make a decision when you don’t put much thought into it. But you may not be pleased with the results, especially when money is involved.
A 2012 study conducted by Kansas State University has confirmed what many have speculated for years—arguments about money are the top predictor of divorce.
We all know the feeling after booking a flight to the beach or downing second glass of post-raise celebratory champagne—we’re ready to spend.
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money.
People unexpectedly began sharing their stories and secrets about money with Syble Solomon during workshops on life transitions. Seemingly rational, intelligent men and women would confide their irrational behavior related to money. Even though they knew better, they would continue to make poor money choices.
When individuals seem to be facing the same financial challenges repeatedly, it’s a good bet that their behavior is actually fulfilling an important emotional need.
Why is money such a complex topic? What did we learn about money as children? What is our internal money language?
We discovered a cool tool at the Smart Marriages conference for helping couples uncover what really drives money issues in a marriage: Money Habitudes cards … The conversation that started was, well, priceless.
Syble Solomon, a personal-finance consultant and founder of LifeWise Strategies, let us in on the sneaky ways our psychology can fool us into overspending.
Even though the book is chock full of references to research in fields such as psychotherapy, the social sciences, neurobiology, finance and economics, their style of sharing information feels more like listening to and learning from an engaging, non-judgmental friend than reading a book about serious financial behavior.
Solomon has succeeded in creating a unique way to help people who are struggling with debt to overcome their inhibitions so they can open up and gain insights that will help them take control of their money…I feel confident recommending this tool…It looks like an exciting new way to help people discover their hidden habits and attitudes about money, freeing them to embark on a more empowering future financial life…
Washington Post personal finance columnist Michelle Singletary offers her advice and answers your questions. My guest will be Syble Solomon, creator of the card game, Money Habitudes, and my December Color of Money Book Club pick.
We don’t talk about money enough … This simple but extraordinarily insightful game is the Color of Money Book Club selection for December.
The purpose of the Money Habitudes activity is to get people talking about their habits and attitudes when it comes to money. This can be especially helpful when working with couples. This study will present evidence for the reliability analysis of the Money Habitudes statements used in the activity.
On the eve of the winter holidays, LifeWise releases its latest list of conversation starters to think about money in a constructive way.
Because money plays such a central role in our lives, people benefit by talking proactively about potential money issues instead of waiting until there is a critical need to discuss finances.
Syble Solomon has worked with young people in North Carolina and across the United States to help them understand their money personalities and have great conversations with their peers and family about money,” says Tami Hinton, President of the North Carolina Jump$tart Coalition.
Once people understand their own money habits and attitudes, they begin to see why they spend the way they do. Perhaps it is to feel secure, to present a positive image, or to feel good by giving to others.
The program also hosts workshops including taking control of your finances, Money Habitudes, credit and debt management, car buying, investment basics, understanding your thrift savings plan and home buying and selling.
Let’s talk about how to look at holiday shopping as a learning experience so next year your holidays will be less stressful and less costly.
Through a contract with the U.S. Marine Corps, Money Habitudes® materials are now being used as the foundation of an innovative new Marine Corps personal financial education training course called Your Money Personality.
Money Habitudes™ cards can help practitioners and clients quickly discover the emotional aspects underlying out-of-control debt
It’s common practice to whip out the credit card in the weeks before the gift-giving season; 57 percent of parents said they’d take on debt to buy gifts for their children in 2013, according to one study, while 37 percent of adults planned to use credit cards to fund their holiday spending, according to a CreditDonkey study.
There are times when a speaker comes along and you say to yourself, “She’s been there-done that.”
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
You know you should set aside savings with every paycheck, live within your means and invest your money wisely. But do you do it?
New research from the University of Georgia suggests that answering three questions could give people insight into their spending and potentially help them modify their behavior in the future.
Horsesmouth – Understand your clients, build trust, and problem-solve with “Money Habitudes,” a quick and fun financial planning tool.
Just sharing basic financial information with a planner can feel like giving up control and power. It requires really trusting someone whom you (typically) know only through a referral.
The first time I sat down with a financial advisor I was 41 — and it was a big step for me. Although my husband and I discussed our investments, I felt incompetent and took no responsibility for decision-making. I was caught in Neverland — sounding assertive like modern woman, while acting out my role as Cinderella, letting Prince Charming rescue me and take care of our finances. Old messages are hard to shake!
If you’ve ever questioned why you feel conflicted, confused or overwhelmed about money, you aren’t alone. In fact, many people struggle with financial decisions daily.
Money coach Syble Solomon has developed a game called Money Habitudes to help people work out their dominant motivation (including planning, security, status, giving, carefree, or spontaneous).
Even though the book is chock full of references to research in fields such as psychotherapy, the social sciences, neurobiology, finance and economics, their style of sharing information feels more like listening to and learning from an engaging, non-judgmental friend than reading a book about serious financial behavior.
Money issues are inevitable. As in a marriage, by the time you start arguing it may be too late! Be proactive and have that talk before money issues ruin both your business and your relationship.
Through a contract with the U.S. Marine Corps, Money Habitudes® materials are now being used as the foundation of an innovative new Marine Corps personal financial education training course called Your Money Personality.
Money Habitudes™ cards can help practitioners and clients quickly discover the emotional aspects underlying out-of-control debt
There are times when a speaker comes along and you say to yourself, “She’s been there-done that.”
Getting your first credit card can be intimidating especially if you have little to no credit history. MoneyGeek has compiled a list of some of the best first credit cards to get if you have no credit history along with expert advice for first time credit card users.
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
If you can relate to the proverbial hamster on a wheel in your quest to have a bigger house, or nicer clothes, science can explain why.
I met today’s guest columnist years ago and I have no idea what took me so long to ask her to write this column for us. Syble Solomon is the creator of Money Habitudes,..
When we experience something pleasurable, like winning a prize, our brains produce a chemical called dopamine. We’re hard-wired to prefer pleasure over pain, says Syble Solomon, a specialist in financial psychology and creator of Money Habitudes, an online game that gives insight into different money personalities. So naturally, we’re motivated to do what we find satisfying.
Three years before reaching retirement age, a friend of mine quit his (full-pension, government) job, and soon began subtracting money from his 401(k) in order to pay off his mortgage.
“What you pay is frequently correlated to what you receive,” says Louis Altman of GlobaFone, a premium provider of global communication solutions.
One night, Sarah, a veterinarian in her thirties, was having dinner with Laura, a close friend since high school.
DeseretNews.com talked to Syble Solomon, creator of the Money Habitudes conversation starters, to find out what she thought about talking money at Thanksgiving.
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money.
You’re arguing about security, control, love, rejection, and all the other things money represents,” says Syble Solomon, the creator of Money Habitudes.
Even though the book is chock full of references to research in fields such as psychotherapy, the social sciences, neurobiology, finance and economics, their style of sharing information feels more like listening to and learning from an engaging, non-judgmental friend than reading a book about serious financial behavior.
Rev. Phil Leo and Syble Solomon, creator of Money Habitude$, discuss the six faces of giving and how knowing your “money habitude” impacts generosity.
On the eve of the winter holidays, LifeWise releases its latest list of conversation starters to think about money in a constructive way.
Because money plays such a central role in our lives, people benefit by talking proactively about potential money issues instead of waiting until there is a critical need to discuss finances.
Money issues are inevitable. As in a marriage, by the time you start arguing it may be too late! Be proactive and have that talk before money issues ruin both your business and your relationship.
Company behind popular Money Habitudes cards encourages people to think about money with a list of reasons specific to the back-to-school season. Good conversations about money and finances happen when they are proactive and constructive. Assessing one’s habits and attitudes related to money in a fun, non-threatening manner can be an effective first step in […]
This brief seeks to provide an inventory of the growing field of financial coaching training programs available, to differentiate the various ways that training is being delivered, and to offer comparisons of those training curricula.
It’s one of those things that happens to everyone, except maybe hermits: being criticized about how you spend your money
We’re all creatures of habit. Many of these patterns develop subconsciously, making them even harder to kick. Maybe you’re the type of person who always splurges on purchases after a bad day.
Every year in America, nearly 24,000 young adults age out of foster care. The transition isn’t an easy one. Many youth are thrust into independence at age 18 —and into a world rife with instability, where the risk of unemployment and homelessness is high and shoulders of support are sometimes nonexistent.
If Durango High School students come home next week asking how well their parents know their dough, they won’t be asking about bread.
American Fork • When the heat takes over and school’s out for summer, many kids long to spend the day splashing carefree in pools. More than 50 Utah County teens, however, chose a different diversion this week: learning financial literacy in an air-conditioned, corporate conference room.
I was more intrigued by a more outward-facing statement: “I am frequently amazed at how much money some of the people my age spend on themselves.” Some great follow-up parental questions present themselves immediately: Whose money are those other kids spending, really? On what? Should we limit your spending, even if it’s money you earned?
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
Money and the holidays. For some of us, we happily swing into the spending mode. I look forward to the excuse to buy people gifts and spend money on treats. Each store I walk into is full of tempting, fun, creative, and exciting things all waiting for me! One of my strong money personalities is “giving” and this is my season.
This card-style, game-like tool aids people in understanding their habits and attitudes towards money. It also highlights the how, when, and why people use money, especially concerning saving and spending.
We don’t talk about money enough … This simple but extraordinarily insightful game is the Color of Money Book Club selection for December.
This brief seeks to provide an inventory of the growing field of financial coaching training programs available, to differentiate the various ways that training is being delivered, and to offer comparisons of those training curricula.
What would it take for you to feel financially secure? And, have you shared your thoughts with your spouse? This simple conversation could be the first step to finding a workable solution to disagreements about money. It’s common for husbands and wives to define security quite differently and if their definitions are miles apart, it can mean a bumpy road ahead.
Let’s talk about how you can take charge to get the best deal when you want a loan. You may assume that a Realtor™ has the connections and expertise to get you the best deal and that may be true, but not necessarily.
Let’s talk about messages from home. One day when I was eight years old, my mom sent me to the corner grocery store to buy a few things. On the way home I managed to lose $10. We retraced my steps but the money was nowhere to be found. My mother just sat down and wept.
Let’s talk about being successful. Now that most New Year’s resolutions have faded into a distant memory, choose one little thing that you know you can accomplish and do it. Small successes feel much better than frustration or guilt for not accomplishing an unattainable goal. Plus, small successes lead to big successes.
Turn arguments about finances into mindful money conversations.
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
Yes, talking about money — an inherently stressful topic for most — with your precious soulmate isn’t the most desirable idea, but the importance of doing so cannot be overstated; after all, money issues are the leading cause of breakups.
Our younger years were defined by protests, free thinking, changing the world, and, for some, by free love. But by 2006, a U.S.
Running a business on Molokai can be tough, but it can be easier with healthy money habits, according to financial educator and entrepreneur Helen Wai.
Pete and Jenny were married for seven years when Pete’s job was downsized. He was out of work for eight months while car payments, school debt and credit card bills piled up.
Learn how to agree on your household finances with your significant other.
A 2012 study conducted by Kansas State University has confirmed what many have speculated for years—arguments about money are the top predictor of divorce.
What makes money such a raw topic, and how can you fight less about it? We asked experts for their thoughts. Understand that money arguments aren’t really about money.
One night, Sarah, a veterinarian in her thirties, was having dinner with Laura, a close friend since high school.
Valentine’s Day is coming up, so engagements are on at least a few people’s minds. A 2013 study found that six million people were planning to pop the question or expecting to answer on cupid’s holiday.
Few things are as divisive as money. Learn how to navigate these six awkward money situations that can cause friction between friends.
The family environment in which children are raised can affect their later decisions in every area of life, from education and employment to marriage and childbearing.
The verbiage couples in great marriages used to describe how they disagreed over financial issues suggests that educators could teach more about money habitudes, habits and attitudes surrounding money, rather than specific financial practices (see staging-moneyhabitudes.temp312.kinsta.cloud).
One of the main causes of couple conflict is the question of how to save or spend money. Many of their attitudes and their habits are a result of their personalities or learned from their families. Often individuals have great goals to use their money for one thing and end up not reaching their goal because they spend the money on something else.
You’re arguing about security, control, love, rejection, and all the other things money represents,” says Syble Solomon, the creator of Money Habitudes.
Why is money such a complex topic? What did we learn about money as children? What is our internal money language?
Money Habitudes cards offer a fun way to can help couples to build a foundation of mutual understanding, respect and even good humor vis a vis their differing money habits and attitudes. After playing with Money Habitudes cards, subsequent discussions about money issues are likely to feel less emotionally loaded.
When it comes to couples and money, opposites do attract. In fact, researchers found that while people hope to marry someone with a money style similar to their own, they more often than not marry their financial opposite.
If you’re working around finances, the chances are good that your work and advising will touch on divorce. Here are some tips to think about it the right way.
The Money Habitudes (2003) cards can be used in a variety of marriage education programs to assist couples and families in evaluating their habits and attitudes toward money.
Money coach Syble Solomon has developed a game called Money Habitudes to help people work out their dominant motivation (including planning, security, status, giving, carefree, or spontaneous).
Washington Post personal finance columnist Michelle Singletary offers her advice and answers your questions. My guest will be Syble Solomon, creator of the card game, Money Habitudes, and my December Color of Money Book Club pick.
On the eve of the winter holidays, LifeWise releases its latest list of conversation starters to think about money in a constructive way.
Because money plays such a central role in our lives, people benefit by talking proactively about potential money issues instead of waiting until there is a critical need to discuss finances.
January is the most stressful month when it comes to our finances. Those stresses explode when the money issues exist within a relationship.
The way you manage money can tell a lot about who you are and how you achieve or sabotage your financial and life goals. If you can enjoy your money, are well-informed about it and manage it well to meet your short- and long-term needs, chances are you will feel secure, have balance in your life and achieve your goals.
“Bringing Money Into the Conversation” serves as a how-to guide for professionals working with clients with issues related to money January 28, 2013 (Wilmington, NC) – LifeWise Strategies, LLC and Loose Change Financial Therapy, Inc. announce the publication of “Bringing Money Into the Conversation: A Quick Start for Therapists.” Co-authored by Syble Solomon and Amanda […]
Money Habitudes, the popular deck of conversation-starter cards to help couples talk about money are recognized as an important and unique tool in combating divorce and fostering healthy marriages. Wilmington, NC, June 16, 2009 — LifeWise announces that the company’s Money Habitudes cards has received the Smart Marriages 2009 Impact Award. The award recognizes those whose […]
It’s one of those things that happens to everyone, except maybe hermits: being criticized about how you spend your money
States are recognizing the need for personal financial education and have begun requiring it as a condition for high school graduation. Responding to teacher requests to help them meet state-mandated financial education requirements, FCS educators in the Oklahoma Cooperative Extension Service developed a financial education tool kit. This article describes the contents of the tool kit and its many uses.
Through its HHS-ACF grant, First Things First collaborates with community organizations and businesses to implement workshops that encourage and support healthy relationships. These relationship classes are for married couples, teens, non-married expectant parents, engaged couples, and singles, as well as married couples in distress.
This brief provides a general overview of the two Healthy Marriage (HM) grantees involved in the Parents and Children Together Evaluation (PACT), provides participation rates in services, and documents how the two grantees integrated job and career advancement services for parenting couples into their programs.
In social work and other community-based human services settings, clients often present with complex financial problems. As a need for more formal training is beginning to be addressed, evaluation of existing training is important, and this study evaluates outcomes from the Financial Stability Pathway (FSP) project. Designed to prepare professionals with the knowledge, attitudes, and skills to effectively assess and respond to clients’ financial problems, we evaluated the FSP using a one-group pre-, post-, and follow-up design.
The purpose of this paper is to introduce an integrative approach to working with clients experiencing problems related to financial disempowerment. The multi-phase model integrates three theoretically-driven psychotherapy approaches, including cognitive behavioral, narrative, and Virginia Satir’s experiential therapies, and financial counseling techniques to increase one’s sense of financial empowerment. A case study is included to demonstrate the applicability and effectiveness of the model.
Money Habitudes is used by both financial planners and financial educators as well as therapists, counselors and coaches (and at integrative financial therapy centers) because it addresses not just money, but the psychology behind spending and saving. It helps clients and patients better understand themselves and gives professionals a non-judgmental way to start important, breakthrough conversations.
In the last decade there has been a growth in services that use the term “coaching” to provide some form of support for financial issues. With this growth and development of the field of financial coaching comes the increased demand and need for financial coaching training opportunities.
The verbiage couples in great marriages used to describe how they disagreed over financial issues suggests that educators could teach more about money habitudes, habits and attitudes surrounding money, rather than specific financial practices (see staging-moneyhabitudes.temp312.kinsta.cloud).
Two participants reported developing or updating existing training on financial issues for clients to include values and beliefs about money and the use of Money Habitudes, a card-based intervention tool taught in the training sessions.
The Money Habitudes (2003) cards can be used in a variety of marriage education programs to assist couples and families in evaluating their habits and attitudes toward money.
Solomon has succeeded in creating a unique way to help people who are struggling with debt to overcome their inhibitions so they can open up and gain insights that will help them take control of their money…I feel confident recommending this tool…It looks like an exciting new way to help people discover their hidden habits and attitudes about money, freeing them to embark on a more empowering future financial life…
Each Habitude or “domain” was analyzed using Cronbach’s alpha procedures. Results showed all six domains had acceptable levels of reliability. Family finance and consumer science Extension agents can feel confident in using the Money Habitudes tool with individuals and couples.
We followed the Money Habitudes approach to talking with clients about money in a nonjudgmental way, which is designed to build trust and rapport.
The purpose of the Money Habitudes activity is to get people talking about their habits and attitudes when it comes to money. This can be especially helpful when working with couples. This study will present evidence for the reliability analysis of the Money Habitudes statements used in the activity.
This brief seeks to provide an inventory of the growing field of financial coaching training programs available, to differentiate the various ways that training is being delivered, and to offer comparisons of those training curricula.
Turn arguments about finances into mindful money conversations.
Can spenders and savers really be compatible?
Money can trigger strong emotional reactions, which can lead to not-so-great decisions, like missing payments or overspending. A new wave of books urges people to explore their emotional connections to money in order to make better financial decisions.
People’s emotional reactions to money can interfere with their ability to make smart money decisions.
Yes, talking about money — an inherently stressful topic for most — with your precious soulmate isn’t the most desirable idea, but the importance of doing so cannot be overstated; after all, money issues are the leading cause of breakups.
Syble Solomon is a speaker on the psychology of money and the founder and president of LifeWise Strategies. She is best known for Money Habitudes® a deck of cards (and now an online version) that makes it easy to talk about money and discover what motivates our financial behaviors.
In the last decade there has been a growth in services that use the term “coaching” to provide some form of support for financial issues. With this growth and development of the field of financial coaching comes the increased demand and need for financial coaching training opportunities.
What are your money habits? What money habits did you bring into your marriage? Did you ever hear your parents say: don’t tell dad or don’t tell mom? How did that affect your future dance with money?
What’s your spouse’s salary? If you don’t know, you’re not alone — almost half of surveyed couples couldn’t get the answer right — but that lack of knowledge may be a sign of deeper money problems in your relationship.
If you can relate to the proverbial hamster on a wheel in your quest to have a bigger house, or nicer clothes, science can explain why.
We all know the feeling after booking a flight to the beach or downing second glass of post-raise celebratory champagne—we’re ready to spend.
Two participants reported developing or updating existing training on financial issues for clients to include values and beliefs about money and the use of Money Habitudes, a card-based intervention tool taught in the training sessions.
Money Habitudes cards offer a fun way to can help couples to build a foundation of mutual understanding, respect and even good humor vis a vis their differing money habits and attitudes. After playing with Money Habitudes cards, subsequent discussions about money issues are likely to feel less emotionally loaded.
If you’re working around finances, the chances are good that your work and advising will touch on divorce. Here are some tips to think about it the right way.
The Money Habitudes (2003) cards can be used in a variety of marriage education programs to assist couples and families in evaluating their habits and attitudes toward money.
Syble Solomon is a speaker on the psychology of money and the founder and president of LifeWise Strategies. She is best known for Money Habitudes® a deck of cards (and now an online version) that makes it easy to talk about money and discover what motivates our financial behaviors.
Money coach Syble Solomon has developed a game called Money Habitudes to help people work out their dominant motivation (including planning, security, status, giving, carefree, or spontaneous).
Even though the book is chock full of references to research in fields such as psychotherapy, the social sciences, neurobiology, finance and economics, their style of sharing information feels more like listening to and learning from an engaging, non-judgmental friend than reading a book about serious financial behavior.
Washington Post personal finance columnist Michelle Singletary offers her advice and answers your questions. My guest will be Syble Solomon, creator of the card game, Money Habitudes, and my December Color of Money Book Club pick.
We followed the Money Habitudes approach to talking with clients about money in a nonjudgmental way, which is designed to build trust and rapport.
We don’t talk about money enough … This simple but extraordinarily insightful game is the Color of Money Book Club selection for December.
Talking about money–one of the most daunting conversations–helps people get help, support and personal understanding in order to achieve their financial goals for New Year’s.
January is the most stressful month when it comes to our finances. Those stresses explode when the money issues exist within a relationship.
Once people understand their own money habits and attitudes, they begin to see why they spend the way they do. Perhaps it is to feel secure, to present a positive image, or to feel good by giving to others.
The way you manage money can tell a lot about who you are and how you achieve or sabotage your financial and life goals. If you can enjoy your money, are well-informed about it and manage it well to meet your short- and long-term needs, chances are you will feel secure, have balance in your life and achieve your goals.
There are times when a speaker comes along and you say to yourself, “She’s been there-done that.”
In recent years, attention has expanded to the realm of adult ADHD and the havoc it can wreak on many aspects of adult life, including driving safety, financial management….
Our physical card decks and the online version can be branded to your business, providing a more personalized experience for your clients. Learn More
