Emotional shopping, clueless finances, powerful money habits, breaking up over money and frugal couples.
Money Talks News — Stacy Johnson, long-time personal finance expert, confronts this troubling shopping addiction. He spoke with a psychiatrist about the topic and sums up the situation succinctly: “In our society, the phrase “shop till you drop” translates as frivolous and fun, but when spending becomes a problem, the glamour fades.”
Stacey provides seven emotional shopping symptoms that shopaholics share. For example, hiding your shopping bags from family or friends. He also includes five tips that can help you overcome this painful, and costly, addiction. If you want to save money on shopping, review these benefits of thrift store shopping.
Making Sense of Cents — Michelle talks a lot about money with people she meets. And one thing she notices is that many people are “clueless about their financial situation.” They don’t know what their mortgage or rent is or how much debt they owe. It’s sad and very troubling.
If your financial situation is a mystery, amend that error by reading her post. She provides four reasons why tracking your finances is important. Apart from her good advice, another good reason for tracking your finances is it helps you maintain a healthy credit score. A bad credit score negatively impacts your life in many ways.
Disease Called Debt — Almost everyone is familiar with debt. Paying it off has become as natural as breathing. Between student loan debt and credit card debt alone, millions are affected. Reelika hopes her “money habits” can alleviate the stress it heaps on so many people.
Her first step is “stop borrowing money.” That doesn’t mean just avoiding loans. It means stop using your credit cards and don’t even think about financing a new car, furniture or some electronic device you really can’t afford. She says “focus” on the debt you owe and don’t incur any more. Check out her other habits.
Healthy Wealthy Income — Financial issues ruin many relationships. Debt, careless spending and financial ignorance causes heated arguments between people who mostly get along just fine. Lance can’t tolerate a person “who doesn’t even think twice about money.”
He thinks if you’re in a relationship with someone like that, you should unceremoniously dump them. You can give them a chance to change, but if they don’t then say goodbye. Better yet, speak with your partner about financial issues before your relationship gets too serious. Here’s some more advice, if you decide marriage is in your future, don’t let your wedding day put you into the red.
Pretend to be Poor — Regarding finances and relationships, Kalie says she and her husband have battled over money before. But through hard work and communication, they’ve become “a unified, financial force over the years.” She shares the lessons that helped them become a more productive couple.
Her first lesson is: “Get on the same team.” She and her husband talk a lot about money so they understand what’s expected of them as financial teammates. They also don’t jump down each others throats when they screw up, or waste a few bucks on something that’s not viewed as a necessary expense. If you can’t follow her advice, read this post about why money will make your marriage fail.