Fear, shame or parsimony could be sabotaging your financial security and happiness, without you realizing it
By Beverly Creamer
Afraid to make money? Are you recklessly sabotaging your financial security? Can’t bear to spend a penny, even though you have plenty of wealth? If any of this sounds familiar, Brad Klontz can help.
Just as people [...]
By Tim Maurer
If you collected a sample of financial plans prepared by planners from across the country, you may very well conclude the objective of financial planning is to take subject matter that has already confounded the advice-seeking client and make it even more baffling. As page counts, pie charts, graphs [...]
Posted by Brian Anderson
Imagine if teenagers controlled their families’ finances. Would they know how to spend and save money wisely? Or would they max out every credit card? It’s hard to know, but with 50 percent of high school seniors failing when tested on basic personal finance1, it’s not a gamble many parents would take.
Recognizing [...]
By Marcia Frellick
How far will parents go when it comes to financial support of adult children?
Researchers hired by MetLife’s Mature Market Institute surveyed more than 2,100 Americans between the ages of 21 and 65. They took a look at how three age groups viewed financial obligations: baby boomers (born between 1946 and [...]
By Blake Miller
If you’ve been putting off having the money talk with your spouse, you could be putting your relationship in jeopardy. Financial psychologist Brad Klontz offers pro tips to keep your finances — and your marriage — in check.
Continue Reading
By VERONICA DAGHER
Negative headlines, 500-point-plus swings in the Dow Jones Industrial Average and economic uncertainty continue to fuel investors’ fears. While some of those fears may be justified, financial advisers say you can harm your financial future if you let your fear keep you on the investing sidelines.
Here are five big fears that haunt investors [...]
D. MURALI
A key message in ‘Mind over Money: Overcoming the money disorders that threaten our financial health’ by Brad Klontz and Ted Klontz (www.landmarkonthenet.com) is that it is essential to keep things in perspective. The authors observe that many of us hold on to the erroneous belief that more money would make us happy, while [...]
As a financial behavior psychologist for Gen Y, business has never been better for Matt Wallaert.
What started out in college as giving casual advice to friends on saving and spending behaviors turned into a full-time career for Wallaert. The millennial entrepreneur has already founded several Gen Y finance advice websites including getraised.com, a “go get [...]
J.D. Roth
The Psychology of Money
I firmly believe that success with money is more about mind than it is about math. We all understand the arithmetic behind personal finance — to build wealth, you must spend less than you earn — it’s mastering the emotions and habits that causes us trouble. These books explore your money [...]
Take a good, hard look at your budget. Free websites like mint.com can help you get a handle on what’s coming in and what’s going out.
Make an action plan to improve your finances by tightening your budget and searching out new income streams.
“Do an honest assessment of what you actually need, because there’s really very [...]
Search
