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

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Money is Emotional, Even for Children

cjildren and money

All our decisions are governed by emotions.  Food is a classic example, when we see that sandwich or the chocolate cake or the donuts, we can taste it.  Our emotions have told us.

Money is another classic example.  If we are happy, sad, stressed or angry, it is very easy to take the credit card for an outing to make ourselves feel better.  If you use money in this way, that is what your children will also learn.

Seth Godin said, “we have a conflicted emotional connection to money.” Continue reading

Time to Talk About Us

time to talk

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

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

What’s Holding You Back from Financial Freedom?

money mentalist

What’s holding you back from achieving your financial dreams – your Financial Freedom?  Do you even know?  Well, it is time to find out and to do something about it.

What I would like you to do is to write down (has to be on paper, not computer) a list of 20 things that are holding you back from achieving financial freedom.

Once you have done that, take a break, have a coffee/juice/water and walk around the block, or whatever it is you do to clear your head.  Then come back and have another look at the list. Continue reading

Will You Have Enough Money to Retire?

retirement

A scary question isn’t it.  We meet quite a number of people who don’t want to even think about retiring let alone thinking if they will have enough money when they finally do.

 The answer to the question was the subject of a presentation at a network breakfast I attended.  A certified financial planner used a case study to illustrate the point.

We probably all know this: we are living longer.  But maybe we hadn’t quite connected the dots in terms of having enough money to retire on. Continue reading

Could Your Relationship Survive a Mortgage Increase?

Mortgage IncreaseYahoo, you have the got the house!  It’s most parent’s dream is to see their children in their own home, just like them….its the pinnacle of success.

But now you have to face the fact that you have a home but you also have a mortgage and if you live in Auckland (NZ), that could be $800,000+ just to get into an ‘averaged’ price home.

On top of the mortgage there are all the other expenses that go along with home ownership like rates, insurance, maintenance.  Then, possibly additional transport costs if you have moved further away from where you work to get onto the property ladder. Continue reading