The Mindful Money Coach Blog

3 Ways Couples Who Live Together Can Protect Their Finances

These days living together before marriage is a common practice among couples. But are couples really prepared to co-habitat successfully with their money habits? Check out 3 ways couples can protect their finances here.

A Very Simple Way to Manage Your Finances

The most simple solution to managing your finances better is answering this fundamental question: what does having enough look like for you?

When you’re able to define what you want and what’s really important in your life, you will no longer have a disconnect with money.

Learning to get rid of things that waste your time, money, and energy will be life changing. Start using what you have (knowledge, skills etc.) on worthwhile and fulfilling things.

Hopefully you’ll realize that spending time and money in doing what others are doing is an endless cycle of unhappiness and frustration.

Source: A Letter to Those Who Want More…

Am I Ready to Change My Money Behavior?

I hope everyone had a wonderful Valentine’s and President’s Day off. February is such a short month that the days just fly by.

I ended my last article saying next I would discuss how we can retrain our brain now that we’ve learned a little bit about how our brain works.

The Model of Behavior Changes

But before I can begin that discussion, we have to talk about a theory called ‘the model of behavior changes’. This is about assessing our readiness and willingness to adopt a new and healthier behavior before we can successfully do it. I can show you how you should retrain your mind but if you don’t have the willingness to make the changes–and they are not always easy–you are not ready. The information will go in one ear and out the other.

In the theory of modeling changes, for us to have healthier and lasting behavior changes, we progress through 6 stages: pre-contemplation, contemplation, preparation, action, maintenance and termination.

When people come to me they’re usually ready for change. If they really aren’t then it’s going to be obvious by their responses after our discussion or by the nature of their follow ups. But some clients have been either contemplating (over-thinking) or trying to ignore making changes to their money behaviors so that by the time they reach out to me they are understandably on the fence. When they’ve exhausted themselves going back and forth, they either progress to the next stage (reach out for help), give up altogether, or continue to stay in the contemplate/ignore stage. After all – ‘ignorance is bliss’ as the saying goes.

So where are you in your model of behavior changes? That must be determined. Are you still contemplating or are you ready to move on and make lasting changes in your life? The changes will make a big difference but we’re at a standstill until you’ve worked out where you are right now.

(Check out Prochaska and DiClemente’s Stages of Change Model for further details: