What’s Your Money Relationship?

money relationship

Strange as it sounds we all have a relationship with money.  Think about it, it does make sense.  The world is about relationships and money is no exception. 

In fact, your relationship with money is the longest relationship you will have in your life!

Money is everywhere, we really can’t ‘opt out’ and say we want nothing to do with it.  Unless you want to be a hermit in deepest darkest Kazakstan and be self-sufficient.  Not my idea of fun.  Continue reading

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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

Have a Happy Money Marriage

money marriage

A happy money marriage is a key ingredient to a happy marriage. We all want a live happily ever after with the person of our dreams. The intention is to spend the rest of our lives together. But the sad reality is that 70% – 80% of relationships that break up, blame money.

So, if you want a happy money marriage you need to talk about money and deal with money as a couple.

Here are a few tips for a happy money marriage.

Communicate about money

Continue reading

We Are Not Rational!

not rational

Have you ever done something and then afterwards scratched your head and thought, “what on earth was I thinking!?”  Welcome to the world of being human.  We are not rational and despite our best intentions, there are going to be times when we do odd things.

So, what influences our decisions?  Well, there is a wealth of research into ‘Why We do Dumb Stuff’ – technically called Behavioural Economics.  As Dan Ariely (Prof of Psychology and Behavioral Economics at Duke University) says, “we’re Predictably Irrational!” 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 Q&A Forum #4

Welcome to the 4th video in our Q&A series where you get to ask the questions.

Today the two questions are from Susan and Jeff.

Susan asks, – I’ve paid off all my debt, now what?

Jeff asks, – My income keeps going up but I don’t have anything left over and I’m not any happier. What’s going on?

Send us any question you have, nothing is too small and don’t even think about it being silly!

We answer all questions by email, whether we cover them here in this video series or not. Send to hello@moneymentalist.com

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