Lessons from my grandmother

Jill Chivers says her grandmother was a conscious consumer and in this article she shares some of the ways her grandmother modeled living well and happily within her means. Buy well and don’t buy so much; better quality and less quantity. Instead of throwing clothes away, mend or re-purpose them. Be happy with what you… Continue reading Lessons from my grandmother

How Much Can You Really Save By Penny Pinching?

Penny pinching may not lead to wealth, but according to experts, it can help you identify spending habits and set financial priorities. What is it that makes you feel deprived? What makes you feel empowered? Figure it out, gain control over your spending, and you’ll be surprised at how it can change your life. Be… Continue reading How Much Can You Really Save By Penny Pinching?

6 Ways Social Networking Sites Facebook and Twitter Can Hurt You Financially

If you are a Facebook or Twitter user, there are some potential consequences you may be unaware of. A new job or a promotion may hinge on your internet presence – the way you portray yourself online can matter. Beware of a detailed and updated profile. For example, if you advertise that you are leaving… Continue reading 6 Ways Social Networking Sites Facebook and Twitter Can Hurt You Financially

Determining Self-Worth Through Your Job

Are you addicted to work? According to professionals, work addiction can result from childhood trauma or current concerns. Working late, taking on unreasonable demands, focusing on work over family or a social life, as well as isolation and broken relationships are signs for concern. Work addiction may happen due to fear of failure, a loss… Continue reading Determining Self-Worth Through Your Job

Addiction to Shopping — When Spending Spirals Out of Control

Can a person be addicted to shopping? Many mental health professionals would say, “yes;” comparing compulsive shopping to kleptomania, gambling and extreme internet usage. Sometimes shopping is used to make one feel better, and it usually works, until the crash of guilt and anxiety follow. The withdrawal feelings experienced when a shopaholic tries to quit… Continue reading Addiction to Shopping — When Spending Spirals Out of Control

Q&A with Charles Duhigg: diagnosing, restructuring bad money habits

Charles Duhigg, author of “The Power of Habit” was interviewed recently about how habits affect personal finance. He notes that not all habits are negative, but that we need to “diagnose the cue and reward,” in order to change the bad ones. Duhigg believes habits are resistant to change because of the rewards we receive,… Continue reading Q&A with Charles Duhigg: diagnosing, restructuring bad money habits

How do money and trust know each other?

Financial therapist, coach, and “mommypreneur” Bari Tessler Linden believes in the power of trust, especially as it relates to your monetary journey. Consulting the Merriam Webster Dictionary, the author says, “Trust is confidence. It’s hope. The expectation that things will be okay, and right.” She suggests that trust is important in our relationship to money… Continue reading How do money and trust know each other?

Can a Spending Splurge Help You Reach Savings Success?

Ever splurged while on a diet? A recent study showed that dieters who enjoyed a controlled dose of dessert lost more weight than those who abstained. Jean Chatzky and Jim Prochaska suggest that spending money may work the same way. The key is control, and they offer the following caveats. A splurge doesn’t have to… Continue reading Can a Spending Splurge Help You Reach Savings Success?