The Savvy Wallet with Ato Jay

Joining us in the booth this week is Financial Psychotherapist, Vicky Reynal, who is also author of the book: “Money On Your Mind:The Psychology Behind Your Financial Habits”

In this episode we discuss:

– How our relationship with money is formed

– The reason we have strong emotions for money

– How lack of financial literacy impacts your financial wellbeing

– Why people self-sabotage with money

– How to navigate societal pressure to spend big during the Christmas period

– Tips for form new money habits and much more!

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TIMESTAMPS

00:00 – Savvy Wallet Ad

00:18 – Preview

01:25 – Intro

02:01 – Meet Financial Psychotherapist Vicky Reynal 

06:02 – How Vicky became the person she is today

08:44 – Suffering in silence with money

09:52 – How is our relationship with money is developed

14:01 – Why do we have such strong emotions for money?

16:08 – What does a good level of financial wellbeing look like?

18:28 – How lack of financial literacy impacts your financial wellbeing

20:40 – How a positive or negative financial wellbeing impacts you 

21:45 – How to figure out how you feel about money

24:31 – How to develop better financial wellbeing 

26:53 – Why we self sabotage with money

31:45 – The balance of a saver and a spender 

33:57 – The impact of being a people pleaser with money

38:13 – Why some people feel like they constantly don’t have enough money

40:45 – A negative feeling isn’t always a bad financial choice! 

41:51 – Why people feel guilty about spending

45:10 – The gamblers mindset explained

49:16 – How to get out of the gamblers mindset 

52:55 – How does tension with money with couples happen!

55:38 – Arguments about money not really about money!

01:01:18 – How to talk to people about money?

01:04:28 – How to manage the societal pressure to spend at Christmas

01:09:22 – How are money habits formed?

01:12:58 – Tips to form new habits in the new year

01:15:01 – What to expect from the money on your mind book!

01:19:59 – Final words

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