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

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New Relationships and The Money Conversation

money conversation

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

Do You and Your Partner Fight Over Money?

fight over money

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

Do You Know Your Numbers?

Your money

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

Financial Abuse

financial abuse

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

Why Can’t We Make Saving Fun?

Saving money. We all know we should be doing it for retirement and have money tucked away for a rainy day.  But it is harder said than done.

The reality is, if you don’t pay yourself first, you will end up paying yourself last and there won’t be anything left!

But saving money just isn’t as much fun as spending it.  Saving money for retirement is just too far away when you are in your 20’s or 30’s, having the newest and latest piece of technology is much more exciting.

Gerry Mitchel in his recent article for The Meridian Star  ‘The Psychology of Saving’ makes some very interesting points. Here is a snippet. Continue reading

Spring Clean your Finances

I woke up this morning with the urge to clean!  No, I don’t mean the usual push the vacuum cleaner round; do a bit of dusting clean.  I mean the empty the cupboards out, see what is lurking in the back of the pantry and have a good old decluttering session.

20140928_102029Maybe it has something to do with spring; the trees are just starting to blossom and the garden is coming back to life after winter.  So the urge is there to get ready for summer.  Or maybe I am just sick and tired of opening a cupboard and all this ‘stuff’ that I don’t use or need stares back at me and it is time to do something about it.

That got me thinking, we should also spring clean our finances on a regular basis as well.  Have a look at all the automatic payments and direct debits that come out of your bank account.

Do you know what they are for?

Do you still want the service you are paying for?

It is also a good opportunity to review other expenses like your insurances, phone and power provider to see if there are any deals you could capitalise on.

What about your credit card?  If you have a balance just sitting there that won’t go away, are there any options by changing credit card company that could help reduce the cost.

Don’t forget to look at your savings, when was the last time you increased your contribution to your savings plan?  If you got rid of a couple of unused subscriptions, you could divert the money to savings instead.

Oh well, it’s back to the kitchen cupboards for me…..

If you would like some help decluttering your finances, feel free to drop us an email or give us a call