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 [...]
Most Americans are ‘afflicted’ by this attitude — present company excepted, of course.
By Lynn Mucken
Guess what? The odds against you having a healthy attitude about money are 3-to-1. Not as bad as the odds against actually having money, but depressing nonetheless.
According to a study, conducted by Brad Klontz and Sonya L. Britt, professors at Kansas [...]
Financial psychologist – that’s what Brad Klontz is. I chatted with him recently about why kids should fail financially, how our money problems stem from unconscious beliefs, and the money disorder test that can save us.
What is a financial psychologist? I’m trained as a clinical psychologist and in the last 10 years I’ve developed an [...]
By Farnoosh Torabi
I’ve been writing about money for nearly 10 years, and I’ve found that coupon advocates, in general, are a very protective bunch. I was recently critical of extreme couponing – à la the new TLC show with the same name – and, as expected, I got some unhappy feedback from readers.
My position was [...]
By PAUL SULLIVAN
HOW you feel about money can have a significant impact on how you save, spend and plan for your financial future — not to mention on your overall mental and emotional well-being.
This is one of the findings of a new academic study, “Money Beliefs and Financial Behaviors: Development of the Klontz Money Script [...]
When I think about our economy and some of the daunting financial burdens our kids will face as adults, I regularly remind myself that teaching my kids about finances very early will impact them positively as adults.
Teaching kids about the many aspects of money is quite a task that some parents never pass on positively [...]
By Michelle Crouch
There’s nothing wrong with looking to your spouse to be the provider if you stay home with your kids, or with moving back in with your parents after you graduate while you save for your own place. But it is possible to be too financially dependent, experts say, and dependence that continues indefinitely [...]
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