Can You Both Survive Christmas?

Christmas.  A festive time of giving, eating and celebrate time with family and the start of summer holidays for many in the Southern hemisphere.  Relaxing and enjoying time with the ones you love. 

Sound’s idyllic doesn’t it and for many families it is.  But for some couples it just adds more stress to what maybe an already strained relationship. Continue reading

Your Financial Journey

And that’s what this is all about.  Knowing where you are right now financially and where you need to be, so you can be financially independent.

This is the last blog in our series Nearly and Newly Weds.   The guest blogger this week is Daniel Carney, an Authorised Financial Adviser from Goodlife Advice Ltd. Continue reading

Know You are Marrying the Right Person

You know you are marrying the right person when you have mastered these 10 features of a successful relationship.

With spring here, we have a ‘Nearly and Newly Weds’ theme, our guest blogger this week is Relationship and Divorce Coach, Kimberlee Sweeney.

Through her coaching, Kimberlee has developed unique insights into relationships and shares wise words of wisdom for those couples embarking on life together. Continue reading

A Case for Separate Bank Accounts?

money mentalist

In a TV documentary the other week, a new survey in the UK revealed that 34% of newly married couples had separate bank accounts.  Was this the secret to a long and happy marriage?

The other stats that came out of the survey; 80% of those that have been married over 30 years have joint accounts.

So what’s the secret?  Is there one?  We have covered this before, most recently in a video from our series, Couples and Money so let’s take a look at the fundamentals. Continue reading

You are Screwing with My Life!

screwing with my life

“You are screwing with my life!” is not the best way to start any conversation, let alone one about money with your partner. 

Unfortunately, that is how a lot of conversations between partners end up, if one is feeling frustrated and angry at the lack of communication about money in the relationship.

“I thought I was doing the right thing by supporting my wife and family so she didn’t have to go to work” is what one husband said after his marriage of 25 years ended. Continue reading

Your Money Personality Affects Relationships

money personalities

Your ‘money personality’ is a behavioural pattern relating to your spending and saving. In a relationship it may appear your Money Personalities clash.  By understanding how opposing types can be complementary in a relationship, you will become a stronger team.

Your Money Personality is rarely just the one type.  The large majority of us are a blend of two and sometimes three.

At different times in your life and depending on circumstances, you will very likely see more than one money personality type in yourself and that’s quite natural. As a result, you’ll probably see a cross over between these – in other words, you can show parts of more than one money personality at the same time. Continue reading

The Q&A Forum #6

Welcome back! This is the last video in our Q&A series where you get to ask us your money questions.

In this episode David from Christchurch, NZ, asks, “What is the best way to pay myself from my business?”

Then Anne from Perth, Australia, wants to know how much of her income should she allocate to paying off debt.

Did you miss out on sending us your question?

No problem, if you still have a question for us, send it to hello@moneymentalist.com and we will be happy to answer it for you.

See you in our next series!

The Other Side of Financial Infidelity

financial infidelity

We’ve read the stories in the media about financial infidelity where one partner has run off with the couple’s life savings, or has mortgaged the house without their partner’s knowledge to pay a tax bill.  That is, until the bailiff comes knocking.

The other week, calls to a morning radio show around financial infidelity were hilarious – you had to laugh otherwise you would have cried! Continue reading

Financial Infidelity

financial infidelity

Financial infidelity tends not to be seen as serious as having an affair.  The reality is, it is a major breach of trust and the damage it causes a relationship can have long term consequences.  And then there’s the financial fallout to deal with.

Financial infidelity can seem harmless enough, buying something that you really know you shouldn’t and hiding it away.  You bring it out saying breezily, “oh, I’ve had this for ages.”  Both men and women do this.  For many couples, financial infidelity stops there.  But for others it can escalate to real financial harm and relationship breakdown. Continue reading

Keeping Up With the Joneses

keeping up with the Joneses

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