Conspicuous spending or Keeping up with the Joneses and using money as a status symbol, used to be thought of as the prerogative of the rich and famous. Well not anymore.
Why do we feel the need to be keeping up with the Joneses? We see it frequently with clients, “We couldn’t possibly cancel the holiday, it simply wouldn’t look good.”
So what! What is more important looking good or staying afloat financially? Well, it seems for many people, it is looking good in the eyes of others. Continue reading
Lynda was presenting at a women’s conference recently about Money and Mindset. At the end of the presentation she was asked this question, “my daughter is in a new relationship, when she should talk to the new boyfriend about money?”
“As soon as possible!!” she said.
Just let me clarify. You certainly wouldn’t talk about your financial situation or expectations on a first or maybe even your sixth date! But once the toothbrush starts moving and you are planning further ahead than just the movies or dinner next week, the relationship is looking a little more serious. Continue reading
Funny how songs have a habit of popping into our heads. I was wondering why this song – You Don’t Bring Me Flowers popped into my head this morning as I was walking from the train to the office.
A lot of our week has been meeting with women in business. They’re busy building their businesses, looking after their children and their homes. Then at the end of the day, they are just too tired to relax and enjoy the time they have with their partners. Continue reading
Research has shown that around 70% of all relationship breakups are contributed to money. Lack of trust and communication are at the heart of both issues.
OK, this is not a particularly nice subject but it is reality. And with a little bit of forethought couples can avoid this disaster. Continue reading
What do I mean when I say you need to know your numbers? Let me explain.
You pull out your favourite pair of jeans that you haven’t worn for a while and you can’t quite get the zip up. No, they haven’t shrunk, you have expanded (put on weight…). So you decide to do something about it.
Off you go to the gym (or Weight Watchers) and what is the one of first thing that happens? You get weighed, then the measured and body fat pinchers come out. At the end of that first session, you know your numbers! Continue reading
When we think of financial abuse the picture that pops into your mind is probably the same as mine; the elderly person with over aggressive family members (or carers) forcing them to hand over their savings and leaving them with nothing.
This does happen, unfortunately it features in the media all too often. But there is also another, maybe even darker type of financial abuse happening and that’s to intelligent women (~70% of financial abuse cases are women). They are left with nothing because their partners have financially abused them and left. Continue reading
It’s your first date, you have had a lovely meal and the bill arrives. What happens next?
According to a survey by Nerdwallet in 2014 (1,000 respondents in the USA who are in a relationship) 77.4% believe that the man should pick up the tab. It looks as though traditional gender roles when it comes to money are alive.
Both men and women think this, but men are a little more likely to think this way. Continue reading