Yes, believe it or not. Our brains get more excited about the money we expect to get – from a bonus, a lottery, a promotion – than when we actually receive it. How many times do you spend that expected reward in your head? A little goes here, a little goes there, some goes in… Continue reading Expecting Money is better than Receiving Money
Author: Carrie Rattle
Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence.
How Your Feeling Brain Buys the Wrong Investments –Part 2
Even if you just buy company stock or mutual funds in your 401(k), you are still considered an investor, and this blog is for you. In our last blog, we talked about the “feeling” brain and the “thinking” brain. We run on our Feeling brain most of the day until we kick in our Thinking… Continue reading How Your Feeling Brain Buys the Wrong Investments –Part 2
Behavior Change at Lululemon – Just in Time
It took the Lululemon sales consultant AND my husband to talk me out of a money behavior that was so very hard for me to resist. And I sought their help to do it. Our money beliefs can be pretty hard-wired. Whether we are a spender or a saver; we value status or find money… Continue reading Behavior Change at Lululemon – Just in Time
6 Questions to Slow a Shopaholic Part 5
These tips are taken from “To Buy or Not to Buy: Why We Over Shop and How to Stop” by April Lane Benson, PhD (2008) as published in Adrian Furnham’s most recent book “The New Psychology of Money”. The trick to changing a behavior is to understand why you are doing it, notice when you… Continue reading 6 Questions to Slow a Shopaholic Part 5
7 Signs You are in Financial Denial
Our guest blogger is Eric Dammann, clinical psychologist and financial coach in NYC. Financial denial can be so harmful to my clients. It works in the background, and often goes unnoticed until it’s too late. What is denial? It’s a defense mechanism we use to protect ourselves from unpleasant emotions and thoughts. Defense mechanisms are… Continue reading 7 Signs You are in Financial Denial
Are We Too Spoiled to Save Money?
Meet Allan Liwanag, Twitter handle @PracticalSaver living in the state of Maryland. Allan has graciously allowed me to interview him about his money beliefs and behaviors. Allan is an avid saver but he didn’t come by it naturally. Here is his story. Allan is a husband and father of one child. He and his wife are committed… Continue reading Are We Too Spoiled to Save Money?
8 Questions Defining Money Obsession
Obsession is typically a negative word in our society. And if an obsession is taken too far, like stalking or gambling to an extreme, it can be bad. But money obsession can yield positive results if balanced with a real grounding in the important things in life. If you or someone you know is obsessed with… Continue reading 8 Questions Defining Money Obsession
Are We Too Spoiled to Save Money?
Meet Allan Liwanag, Twitter handle @PracticalSaver living in the state of Maryland. Allan has graciously allowed me to interview him about his money beliefs and behaviors. Allan is an avid saver but he didn’t come by it naturally. Here is his story. Allan is a husband and father of one child. He and his wife are committed… Continue reading Are We Too Spoiled to Save Money?
Are You a Rainy Day Saver? This Video Will Tell You
Understanding how you think about money can help you identify your behaviors in real time…and change them on-the-spot. If you believe you can change your own spending habits, then this video may be powerful enough to get you there. Are you a Rainy Day Saver? If so, you’ve got some great behaviors..and some that could get… Continue reading Are You a Rainy Day Saver? This Video Will Tell You
Are You Tying the Knot for the Second (or third) Time?
“I wish I discussed finances before I got married last time.” Sound familiar? Did you know past statistics have shown that in the U.S. approximately 50% percent of first marriages, 67% of second, and 73% of third marriages end in divorce?* Not surprisingly, a major cause of divorce in marriages is money. * You’ve found that… Continue reading Are You Tying the Knot for the Second (or third) Time?