NY Times: Stressed by Money? Get on the Couch

Published on 09 February 2015 by | Category: News, Updates

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By Paul Sullivan I felt calm as I sat on a blue couch for my close encounter with the nascent field of financial therapy. I watched as Joel Reimer, a fit, 50-something man in a golf shirt, put sensors on my thumb and fingers. I was in the middle of Kansas, in one of the […]

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By Kevin Noblet Whether it’s the Dow Jones Industrial Average hitting 18,000 or oil prices sliding to $50 a barrel, people get excited by big, round numbers. Too excited, in fact. “What’s the difference between Dow 17,995 and Dow 18,005? Nothing, but it’s the emotional trigger point for people,” says financial psychologist Brad Klontz. Financial advisers […]

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By Anne Kates Smith Among the troubling things that have come to light during the airing of professional football’s dirty, domestic-abuse laundry is this fact: Economic abuse is as much a part of the problem as is physical abuse. And financially speaking, it can be just as bruising. Although money is among the most powerful […]

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By Anna Prior During these times, advisers can demonstrate their value to clients by cutting through their emotions. Near the end of last year, Erik Davidson of Wells Fargo Private Bank was keeping a close eye on the headlines as the Dow Jones Industrial Average was hitting records in its approach to 18,000. “We knew […]

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Dame Magazine: Why Am I Spending Money Like I Have It?

Published on 02 February 2015 by | Category: News, Updates

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By Noelle Howey When she was on salary, the writer brought lunch to work and drank office coffee to save money. Now that she’s freelance, she is buying everything in sight. And there’s a good reason for that. Right after leaving a job, some people drink. Some cry. Some binge-watch Gilmore Girls. I went shopping. […]

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By Kristin Wong Investing isn’t as complicated as it seems. But getting started can be really overwhelming, even when you know the basic rules. To make it less scary, try a mock portfolio before diving into the real thing. Over at LearnVest, financial advisor Brad Klontz says a mock investment portfolio can help people ease […]

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Wall Street Journal: The Financial Problems in Your Head

Published on 24 January 2015 by | Category: News, Updates

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Psychology Explains Why Many People Mismanage Money By Veronica Dagher If you think you’re making the best possible decisions with your money, think again. We all like to regard ourselves as rational spenders and investors, optimizing the use of our hard-earned money. But in fact, say psychologists and financial advisers, most people are generally in […]

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By Shana Lebowitz We’re just three weeks into 2015, and you’ve hopefully taken our challenges to heart, pushing yourself to up your savings gameand tighten your budget. Way to go! Now it’s time to work on taking your money to the next level with an even higher-stakes exercise, which is why this week’s challenge is […]

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By Kristin Wong , Gawker Media Dear Two Cents, I’m debt-free and follow a strict budget. My wife has student loan debt, earns less than I do, and tends to be spendier. I’d like to combine finances and manage our money together, but I think I have to address our differences. How can I bring this […]

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Farnoosh Torabi Overdid it on spending? Stop pointing fingers at each other and start taking action jointly. For Michelle Argento and Brendan Diamond, bickering over holiday spending usually kicks off as soon as the Christmas tree goes up and lasts until they pay off their credit card bill in February. While she’s a self-described “giver,” […]

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