For an individual, overspending or underspending is a problematic financial behavior that can adversely affect the quality of life. For a couple, the adverse effect of overspending or underspending is multiplied and multifaceted. Not only can the behaviors be life …
“Be frugal.” “Save for the future.” “Live on less than you make.” That’s my usual financial advice, and it’s well worth repeating even though too many Americans aren’t following it. Sometimes, though, I find it necessary to work with clients …
Financial denial is a protective behavior that is usually found in conjunction with several other problematic financial behaviors like compulsive buying behavior, gambling disorder, hoarding disorder, workaholism, financial dependence on others, and financial enabling. It’s especially common in those that …
One aspect of money disorders that contributes significantly to financial difficulties is denial or avoidance. Many of those with money disorders attempt to cope by simply not thinking about money or trying not to deal with it. Rather than acknowledging …
Rick explains the more common money script types that are prone to financial dependence and why financial dependency also extends to relying on financial professionals with narcissistic, histrionic, borderline, or antisocial personalities. These advisors are more erratic and live for …
Do you rely on others for the bulk of your monthly income? If so, it’s possible your relationship with money may be suffering. Being financially dependent is a financial disorder defined as “reliance on others for non-work income that creates …
Making poor financial decisions is a financial behavior destined to keep us poor. Over 70% of Americans think they understand money, yet surveys show 66% can pass a very simple financial literacy test. What’s the reason for the disconnect between …
Making Poor Financial Decisions Isn’t About The Money Read More »
Workaholism is an addiction where the workaholic is highly involved in work, feels driven to work because of inner pressures that make the person feel guilty or depressed when not working, and in which the person has low levels of …
Problematic money behaviors and disorders are not caused by a lack of money. They cannot be cured by knowing more about money or having more money. There is no significant correlation between happiness and money once household incomes are above …
Intro to Money Behaviors That Decrease Wellbeing Read More »
As a financial advisor, Gayle Coleman is the founder of Somatic Finance. Somatic Finance rocks Gayle Colman’s world. She brings her passion for Somatic Finance to life by offering people an entirely new way of being in relationship with money. …
A Conversation With The Founder of Somatic Finance – Gayle Colman Read More »
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