super money woman positive relationship with money

For The Love Of Money – 5 Steps To A Stronger Relationship With Money

Why Cultivating A Positive Relationship With Money Is The Highest Form Of Self-Care

If money were your lover, how would you describe your relationship?  M. I. A., non-committal, or head over heels in love?  When I lead a “Let’s Talk Money for Women Only™” workshop, I open with this question.  The knee-jerk reaction for many attendees is a nervous giggle.  Relationship with money?  It’s an in-animate object, what are you talking about?

Results Leave Clues

If there is a gap between where you want your finances to be today and where they are, your relationship with money needs work.  Ask yourself these questions:

  1. Does your debt balance make you nervous, or cause you to lose sleep?
  2. Have you asked for a raise, or if self-employed, raised your rates?
  3. Do you spend money on others before buying what you want and/or need?
  4. Can you have a money conversation without stress?
  5. Have you had a relationship break down because of money disagreements?

If you answered “yes” to questions 1, 3, or 5, and “no” to questions 2 or 4 you will benefit by developing a better relationship with money.

Save Money On Travel

7 Ways To Save Money On Your Next Vacation

Get Out And Enjoy The Last Few Drops Of Summer! In the Boston, Massachusetts area summers are short and winters too long. There is still time left for a little summer self-care. Unplug your phone, recharge your mind and take in a change of scenery.  A break from your routine can help you return renewed, refreshed…

young couple with debt problem

How Would You Handle This Debt Problem?

Do you know anyone with a debt problem?  A colleague presented the following case regarding a young couple with a debt problem to me and asked for my input.  Since debt problems come up frequently, especially with younger clients, I thought sharing their story might help someone else in a similar situation.

The Debt Problem

“I have a couple, married a year ago with a baby. She has a school loan of $80,000 and he brought in $40,000 in credit card debt. All savings of $20,000 has been depleted by baby in hospital. They both have jobs, paying a total of $75,000 and trying to get second jobs. Suggestions? I've never run into this sort of debt problem before in clients. Thanks!”

The family dynamics in this case are pretty intense.  Having a baby has its own level of stress, both emotionally and financially.  When you compound it with a budget already strained by debt, I can only imagine what else is going on.  I am going to walk you through my process and as I do, please think about how you would advise this couple.  If this was your son or daughter (and your grandchild) how would you want them guided?  Unfortunately, having a debt problem is common.  Before I can dive into “advice mode”, I need to do a little digging.

Estate-Planning

Want To Avoid The Death Tax? Here’s 5 Tips To Help You Avoid Probate

Five Simple Tips To Avoid The Death Tax “Is your estate plan up to date and complete?”  Although I am not an attorney, this is one of the first questions I ask clients when we begin our relationship, and during a financial planning review.  If your answer is “no” and you want to avoid the…

7-Steps-to-Financial-Clarity

7 Simple Steps To Financial Clarity – Stop Procrastinating And Get ‘R Done Now!

Last Week’s Tragedy – In Memory of Sgt. Michael Chesna and Vera Adams A Warning About Charity Scams My thoughts and prayers are with the victims of last week’s shooting in Weymouth and their loved ones.  Sergeant Michael Chesna and Vera Adams, an innocent bystander were fatally shot early Sunday morning.  Sgt. Chesna left behind…