by Farnoosh Torabi
When I was 22, I’d yet to conquer “needs versus wants” and was living beyond my means. My monthly credit card statement was often a source of anxiety and regret.
But young adults today don’t quite harbor the same emotions when it comes to debt. A new study suggests the more credit card [...]
By Deborah Hill Cone
It’s easier to cling to old jalopy beliefs than change and start driving a Porsche.
I admire Roger Kerr, the giant-brained, pixie-faced policy wonk who’s been the Business Roundtable’s long-time executive director. Kerr not only has a formidable intellect, but also great personal courage.
Even wets who don’t share his devotion to the market [...]
by Sarah Winfrey
A while back, I got to interview Dr. Brad Klontz about H&R Block’s new Dollars & Sense program for teaching kids about money. While not everyone agreed with him, most readers did agree that we need to be doing something, whether it’s through the schools or at home, to educate our children about [...]
By Laura Rowley
A new study finds that what you believe about money may hamper your wealth. Brad Klontz, financial psychologist and co-author of “Mind Over Money,” and three other researchers examined the “money scripts” of 422 people, and identified three categories of money beliefs that are associated with lower income and lower net worth. The [...]
By Lemuel Cacho
Have you heard of money scripts? Before I go on to that, let’s first talk about things you’ve heard about money. I know this is cliché, but some of you might have heard that money is the root of all evil. Some of you might have been told that wealthy people rigged others [...]
By Michelle Crouch
Most financial planners say it’s a good idea to talk to your kids regularly about money. But you can go too far. If you’re sharing too much information, or if you’re getting your kids directly involved your financial problems, you’re probably causing more harm than good.
“When children are inappropriately exposed to adult financial [...]
Experts identify five mindsets that hinder your progress toward a debt-free life
By Allie Johnson
Turning your finances around is never easy — but mental money traps can keep you mired in money woes.
Whether you’re trying to get out of debt, improve your credit score or build your savings, experts highlight five common money mindsets that can [...]
By Angela Self
Our money beliefs help to determine our net worth and our net income, according to a new study published in The Journal of Financial Therapy. The study, conducted by financial psychologist and author Dr. Brad Klontz, identifies patterns of beliefs that are associated with wealth. He examined the money scripts of more than [...]
by Ken Eisold, Ph.D.
What Money Really Buys
There are four basic attitudes to money, according to Brad Klontz, a research associate professor at Kansas State University. He calls them “money scripts”: money avoidance, money worship, money status and money vigilance.
The first three are rather simple to grasp. Those who avoid money may believe that they do [...]
By Erika
We worship shoes here on YNS but for some women, shoes are a cause of shame.
According to ShopSmart magazine’s survey of over 1,000 American women, about 1 in 7 (14 percent) have felt so guilty about a shoe purchase that they had to hide it from their significant other.
A 2010 survey by CESI Debt [...]
