Psychology of Money

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Psychology of Money

• Money Harmony Resolving Money Conflicts in Your
  Life and Relationships
• Olivia Mellan

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Psychology of Money

• What is your money personality?
• Take the money personality test
• See Class Materials

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Psychology of Money

• Can you describe your attitude toward money?

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Hoarder

• Enjoys holding money so it is difficult for him
  to spend money on himself or loved ones
• Spending is painful
• Worried about future security

5
Spender

• Enjoys spending money so it is difficult to save
  money for long-term goals
• Different types of spenders.

6
Money Monk

• Feels guilty about having money
• Gives money away
• Tries not to think about money
• Meets basic needs

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Avoider

• Feels anxious about performing financial tasks
• Cannot plan
• Afraid of decisions

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Amasser

• Likes to keep large amounts of money at easy
  access
• Focuses on long-term future
• Thinks frequently about how to increase money
• He who dies with the most toys wins!

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Money Myths

• Do you believe in the money myths?
• Money Happiness
• Money Love
• Money Power
• Money Freedom
• Money Self-worth
• Money Security

http//www.divorcemag.com/cgi-bin/show.cgi?templat
earticlearticlefinancial/moneymyths
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Couples and Money

• Top 2 topics of arguments
• Opposites attract
• Hoarders and spenders
• Worrier and avoider
• Monk and amasser
• Guidance for cooperation see book

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Any Questions, Comments, Stories?