How To Show Encouragement To Others?

In a world driven by ambition, competition, and constant flux, we often overlook a simple yet profound act – offering encouragement. While the importance of technical skills, knowledge, and practicality cannot be denied, the potency of a kind word or a supportive gesture remains unmatched. Drawing from my background in financial psychology and personal experiences, … Read more

How to Right Generational Money Beliefs

Whispered words from grandparents, off-handed comments from parents, the barely audible sighs during bill-paying nights—generations past unknowingly impart their financial lessons in these fleeting moments. While some of these lessons serve as sturdy stepping stones, others might feel more like stumbling blocks. Many of us have inherited a tapestry of generational money beliefs, woven with … Read more

Behavioral Economics: The Human Quirk in Financial Decisions

Behavioral economics pulls back the curtain on the irrational ways we often handle money. We’ll unravel the mysteries of human behavior in economic decisions, enriching readers’ understanding of why we often act against our financial best interests. At times perplexing, often downright baffling, the mental pathways we take in making financial choices can be a … Read more

Money, Emotions and Single Parenting

Single Parenting

We are often told that money and emotions should never mix. But in reality, our finances and feelings are so intricately linked that trying to separate them is like trying to separate the colours in a sunset. It’s particularly true for single parents who bear the financial responsibilities alone while also shouldering the emotional wellbeing … Read more

Six Tips to Overcoming Money Avoidance

The cheer and fervor of the holiday season often leave us with a sobering aftermath: the daunting task of paying off accumulated debt. Recent data indicates that nearly half of all American consumers accumulated debt during the festive period, with an average expenditure nearing a thousand dollars. Not surprisingly, this often results in a surge … Read more

How To Support Your Employees Mental Health

mental health in the workplace

It’s crucial to maintain an effective, supportive and engaging work environment, which includes caring for the mental health of your team members. Here’s how you can take steps to prioritize and encourage mental health in your workplace: The findings of the 2022 SmartDollar Employee Benefits Study reveal the significant impact mental health has on employees’ … Read more

Dealing with Shopping Addiction and Emotional Spending

It’s undeniable that making a purchase can give us a momentary rush of happiness. However, for some, this can spiral into a shopping addiction or emotional spending, where the quest for short-lived joy leads to financial turmoil. Here’s a guide to understanding and dealing with these issues. Shopping addiction and emotional spending are often linked. … Read more

Rebuilding Your Finances After Divorce

unhappy black couple sitting on bed after having argument

Divorce brings significant emotional, legal, and financial challenges. Among these, rebuilding your finances may feel like an uphill battle. While there is no one-size-fits-all answer to the question of how long it takes to recover financially from a divorce, there are important factors to consider on your journey to financial stability. In this blog post, … Read more

Conquering Fear on Your Financial Empowerment Journey

Hey there, dear readers! Let’s explore the emotions that arise when we confront the unknown and discover strategies for overcoming fear and embracing financial empowerment. In life, we often encounter moments that stir up feelings of uncertainty and apprehension, and when it comes to our finances, fear can have a powerful grip on our decision-making. … Read more

Financial Wellness in Retirement: A Psychological Perspective

Multiracial group of happy senior people taking selfie with cell phone in nursing home.

Retirement – a milestone many of us look forward to, imagining days filled with leisure, pursuing hobbies, and spending time with loved ones. While retirement can indeed be a joyous phase of life, it also brings with it significant changes, particularly in our financial circumstances and daily routines. Take my client, Tom, as an example. … Read more

Mindful Money: Using Mindfulness Techniques to Improve Financial Wellness

be mindful

In the bustling whirlwind of our daily lives, mindfulness can be a serene oasis of calm. But what if we could extend that sense of calm to our finances? As a financial psychologist, I’ve seen how powerful this can be. In this blog post, we’ll explore how mindfulness techniques can be used to improve financial behaviors and alleviate financial stress.

Budgeting with Bipolar: Financial Highs and Lows

When it comes to managing finances, individuals with bipolar disorder face unique challenges. Bipolar disorder, characterized by alternating periods of elevated mood (mania) and depression, can significantly impact a person’s ability to make sound financial decisions. During manic phases, an individual might be prone to impulsive spending, taking on debts, or making high-risk investments. On … Read more

Unseen Burdens: The Hidden Financial Costs of ADHD

When most people think about Attention Deficit Hyperactivity Disorder (ADHD), they think about the commonly known symptoms: hyperactivity, inattention, and impulsivity. But there’s another, often overlooked aspect of ADHD that can have a significant impact on people’s lives—the financial implications. In this blog post, we’ll delve into the hidden financial costs that can accompany ADHD, … Read more