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
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
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
I want to talk about and plan our money, but my partner doesn’t!
Are you feeling nagged or hounded by your partner about money? It can be very frustrating for you both when one of you wants to talk about money and the other one doesn’t.
Here are a few reasons that this can happen and what you can do about it. Continue reading
This may seem an odd question, but it is one I ask all the couples we work with and invariably they look at each other and say, “probably our parents.”
Then I see their eyes light up as they realise how exciting it will be when they are living their own lives and making their own choices.
By now you are probably imaging a couple who live at one of their parent’s home and are still supported by Mum and Dad. Surely that must be what I mean when I ask are you living your relationship. But no, that isn’t what I mean. Let me explain. Continue reading