Overcoming the social stigma of getting financial help

Social stigma plays a big role in whether people seek out financial coaching, counseling or education. Social stigma also plays a part in whether people feel good while getting financial help. Money Habitudes is often employed in a manner to help minimize or alleviate the perceived stigma, shame or embarrassment of seeking financial help. Typically, […]

financial coaching v. financial counseling v. financial planning v. financial education

What is financial coaching? Is it the same as financial counseling or financial planning? Are those different from financial education? It’s a pretty basic question of financial terminology, but an important one. After all, these terms – financial coaching, counseling, education and planning – are often used interchangeably. A recent paper on the topic by […]

Emotional triggers and financial stress

Financial stress is serious.  It was identified as the number one cause of stress in a 2009 study by the American Psychological Association. Financial stress is associated with increases in: suicide attempts and suicide rates physical illness divorce rates domestic violence poor cognitive decisions. (Financial stress is also associated with a decrease in productivity in […]

5 Tips for More Fun and Effective Financial Classes

Do you feel like you have so much information to share that you need to make the most of every moment when you teach financial education classes? Research has shown us that how we teach may be more important than how much we teach. Here are five tips to get the most bang-for-your buck when […]

A credit board game to teach credit classes

A credit board game is included in The Good Credit Game, a credit curriculum kit. The Road to Good Credit is a credit board game that helps make credit classes fun and hands-on. Teach a credit class with a credit board game The credit curriculum is divided into two major sections. The first section helps people learn […]

A new credit curriculum to teach a credit class

Building on the popularity of Money Habitudes, we’ve just released The Good Credit Game. It’s a credit curriculum kit that makes it fun and easy to teach credit classes. The Good Credit Game covers credit reports, credit scores and credit cards. A credit curriculum that’s fun to teach One of the things that financial educators […]

Financial literacy for college student financial aid

Money Habitudes is used by colleges and universities in to promote financial literacy for college students. It may be a student financial aid office running a financial aid workshop or using the tool in financial counseling sessions. It’s also used in a number of colleges’ peer financial counseling programs. And it’s used in residence life […]

6 tips for Financial New Year’s Resolutions

One of the top New Year’s resolutions is always improving one’s finances. Of course, we do a lot of thinking about how people relate to money so we wanted to share a few thoughts … Be specific with your financial New Year’s resolutions. Instead of, “I want to pay off my debt this year,” restate […]

Career workshop on money personality and spending habits

Organizations use Money Habitudes in a variety of ways. This is an example of how the money personality tool is used in a career class. The workshop write-up is provided by Amy Mazur, a career counselor at Career Moves, a division of JCS in the Boston area.

financial capability grant: housing, emergency assistance & workforce development

This financial capability grant announcement is applicable to many Money Habitudes users who are doing work in asset building. CFED, in partnership with Bank of America Charitable Foundation, is soliciting applications from organizations interested in joining an eighteen-month Intensive Learning Cluster to integrate financial capability into social service programs in the following sectors: housing workforce […]

Teaching financial management to young kids

Our Money Habitudes materials help people teach financial management to adults and teens. Because the hands-on activity is used like money management games, we’re often asked if there is a version for young kids. The Money Habitudes for Teens version is designed for high school students, typically ages 15-18. Using the cards requires that one […]

Finance in the Classroom

Money Habitudes is now recommended as a resource in Finance in the Classroom. Finance in the Classroom is a service of the Utah State Office of Education and the Utah Education Network. Finance in the Classroom supports Utah’s initiative to include a financial literacy course as a high school graduation requirement. The state is also […]

Communication skills in relationships

We talk a lot about the right way to talk about money. After all, money is one of the hardest topics for people to talk about. But, what happens when you don’t have a good interaction around money? There are bound to be upsets in any relationship. (That’s true for other flashpoints in addition to […]

Bonus financial conversation starters for individuals, couples & counselors

Usually when people use Money Habitudes as financial conversation starters, they stick to the usual money personality instructions. In the typical solitaire sort, people get to see their money personality for how they are today. But, of course, our financial habits and attitudes change over time. Here are a few bonus financial conversation starters you can […]

Teaching personal finance to foster care youth

The new “Protecting the Credit of Youth in Foster Care” guide recommends using Money Habitudes.  The foster care report was prepared for the Annie E. Casey Foundation by Jennifer Miller and Rebecca Robuck of Childfocus. A good resource for those working with youth in foster care, the report lays out why credit is such a […]

themes in marriage and finances statistics

We track and list marriage and finances statistics because they tell part of the story behind why people use Money Habitudes. After all, what marriage and finances statistics show is that money plays a big role in whether marriages are healthy or not. General themes in marriage and finances statistics One of the themes that […]

How to discuss money in a good way

It’s important to know how to discuss money. This is true if you are discussing money with a friend, sibling, parent, partner or spouse. It’s also important for professionals like financial planners, financial educators and therapists to be able to discuss money with clients and patients. How NOT to discuss money First of all, people […]

How to understand your spending behavior

Your spending behavior is how you regularly, almost automatically use your money. Of course, inherent in one’s spending behavior are the times when one does not spend, i.e., saving behavior. How does spending behavior develop? We all see and use money in different ways. As a result, everyone’s spending habits are a bit different. We […]

Teaching a better money class

If you’re a financial educator, how can you teach a better money class? Here are some tips. Tips to teach a better money class No matter if you’re working with adults or teens, a money class should be engaging. It doesn’t have to always be laugh-out-loud fun, but it can’t be boring. Unfortunately when people […]

Low literacy financial education materials

About a year ago, we started studying how to produce materials for low literacy audiences. (The result was our new version of award-winning Money Habitudes for Adults, released in November.) Why? We originally designed the Money Habitudes statements to be quick and easy to read. However, we didn’t anticipate how widely they’d be adopted. The […]

Tips: How to write low-literacy financial education materials

A few months ago, we released a new version of our Money Habitudes cards. This version is written with low-literacy financial education audiences in mind. All of the money personality statements were written at 5th-grade reading level or below. This enables them to be used with high-literacy audiences as well as low-literacy audiences. Low literacy […]

Tips: money games for adults in financial education classes

Money games for adults make learning about personal finance fun. Using adult games is a different than typical financial education classes. After all, it’s not much fun to fill out a budget worksheet. And listening to a financial lecture can be boring. That’s why so many financial educators use Money Habitudes in financial education classes. […]

Overusing the Giving Habitude – charitable money personality type

Money Habitudes cards help people understand their financial habits and general money personality. Money Habitudes are the six most common money types. The activity reveals your money personality and spending habits by showing you your own unique combination of those money types. All of the Habitudes are important but overusing any one of them can […]

How to talk about money: tips & advice

How to talk about money? Because it’s so difficult to talk about money, people often don’t talk about it. After all, it’s often said that people find it easier to talk about sex rather than talk about money. Tips about how to talk about money One of the big challenges is that people rarely talk […]

Psychology of Money – Money Personality

The psychology of money can be hard to understand. Why do we spend the way we spend? Why do we save? Why might two siblings see money so differently? What do you think about money? How do you feel about money? What influences the psychology of money? Although it’s a big topic, Money Habitudes makes […]

A Fun and Easy Money Personality Test

Money personality is important, but what is it? In the same way that people have different personalities, we also all have a different money personality. We all see and relate to money in different ways. But how do you know what your money personality is? A money personality test While you may have a sense […]

How to increase attendance in financial literacy programs: 10 ways

Financial education programs can be hard to fill up. Here are some ideas to increase attendance in financial education classes: Frame it differently. Attending financial education programs can be seen as “being in trouble.” Because no one wants to be “in trouble,” people are not likely to come to a financial literacy class. So you […]

Financial literacy classes: transitional housing & supportive housing

The goal of supportive housing and transitional housing programs is to provide housing. But organizations providing housing assistance often also provide financial literacy education. Why? Because people who need housing assistance typically need more than just housing assistance. With an asset building approach, transitional housing programs also teach clients how to make smarter financial choices. […]

Financial literacy classes: FINRA Smart [email protected] library

A number of libraries offer financial literacy classes using Money Habitudes through FINRA grants and the Smart [email protected] library® initiative. One such institution is the Jackson District Library, Jackson, MI. FINRA grants for financial literacy classes at libraries FINRA is the Financial Industry Regulatory Authority. FINRA’s Investor Education Foundation and the American Library Association (ALA) are […]

Extension workshop based on Money Habitudes

Billed as a “fun interactive way to talk about the difficult topic of money in a fun, nonjudgmental and constructive way,” this is an example of an Extension workshop based on Money Habitudes. A way to engage a new audience on career choices and financial education, this money values workshop goes beyond using Money Habitudes […]

Identifying Your Client’s Relationship with Money: How It Affects Career & Relationships

This “Relationship with Money” workshop was geared for career and workforce development professionals. In this train-the-trainer case sponsored by Career Counselors Consortium Northeast, it is professionals who are exploring the relationship with money; many other Money Habitudes career classes reach end-user students or clients. Identifying Your Client’s Relationship with Money Title: Money Habitudes: Identifying Your […]

Talking about money: a marriage education program in Melbourne, Australia

This marriage education program in Melbourne, Australia uses Money Habitudes cards. Put on by CatholicCare, it highlights the importance that money plays in couples’ relationships. Talking about money in a marriage education program This class shares some similarities with other marriage and relationship classes that use Money Habitudes cards. For therapists and marriage and relationship […]

WVU Financial EmployeeFest – Employee Benefits Fair

In order to show how organizations really use Money Habitudes cards in employee benefits workshops, here’s an example of a financial seminar for university employees, at West Virginia University. Many Money Habitudes financial education classes are taught by Extension educators. For financial educators, there are a number of case studies that highlight how Money Habitudes […]

Habits and Attitudes Affect How You Use Money

In order to show how organizations really use Money Habitudes cards in financial workshops, here’s an example of an upcoming financial seminar in Bloomington, Illinois. It’s taught by an Extension educator and will be conducted at a bank. For financial educators, there are a number of case studies that highlight how Money Habitudes is being […]

Financial Literacy Curriculum Wins Financial Education Award

We just won an Excellence in Financial Literacy Education Award (EIFLE) for our financial literacy curriculum. The awards are given by the Institute for Financial Literacy. Awards were presented at the Annual Conference on Financial Education. Money Habitudes Financial Literacy Curriculum: Overview Our financial literacy curriculum for teens is Money Habitudes: How to be Rich […]

Financial Lifestyle Planning Workshop Example

We’ve been posting some examples of how Money Habitudes users actually use the financial cards in workshops,  financial planning seminars, counseling sessions, etc. This is an example of a Financial Lifestyle Planning Workshop in Tampa, FL. The  financial planning seminar, Financial Lifestyle Planning Workshop: Will I Be OK?, will be conduced by Holly P. Thomas. Thomas […]

Spending habits: understanding and changing

When it comes to understanding spending habits, people often forget that they are just that: spending habits. What is a habit? an acquired behavior pattern that is followed regularly so that it is almost involuntary Examples of spending habits Spending habits are often contextual. You spend the same way with the same set of conditions. […]

A personal finance game in financial education outreach

Like other colleges, Texas Tech understands that it’s important to introduce people to personal finance early in their lives. And Texas Tech also understands that it’s important to make personal finance fun, approachable and relevant. College Financial Education Week Red to Black is an outreach initiative of Texas Tech’s Personal Financial Planning group. This year […]

Money personality assessment results – Money Habitudes

Here’s a real money personality type assessment using the Money Habitudes card sorting process: That’s me (statements that describe my money personality type) Targeted Goals 9 Selfless 4 Security 2 Status 1 Free Spirit 0 Spontaneous 0 sub-total 16 That’s not me (statements that do not describe my money personality type) Free Spirit 8 Spontaneous […]

Community college financial education for Money Smart Week

Here’s a real example of how a community college is developing a financial education workshop. It’s based on using Money Habitudes cards: Harper’s Money Smart Week presents: Money Habitudes for Students When:Tuesday, April 24, 2012 2:00 PM – 3:00 PM Cost: FREE Money Habitudes is a fun and easy way to discover the role money […]

Community college and university personal financial literacy classes

Financial literacy may not be a graduation requirement at a university, college or community college. However, it is important that students have real financial capability. Why does personal financial literacy matter for university and community college students? According to the 2008 Jump$tart Coalition personal financial literacy survey, funded by Merrill Lynch Foundation, high school seniors […]

Prisoner reentry programs and financial education

Prisoner reentry programs often include personal financial education within a variety of other life skills classes. This may be in prisons, jails or community programs. They may include money management in a variety of ways, but the rationale is much the same: Why prisoner reentry programs include personal financial education: With most offender reentry programs, […]

Money Fight: learning how to talk about money

Couples often find themselves engaged in a money fight. To this end, fighting about money comes up in two recent surveys: Yahoo! Finance Financially Fit Survey from Yahoo! and Fitness Magazine (November 2011) YourTango.com Survey Both reassert what we already know: often couples fight about money. Further, it’s difficult for couples to talk about money. […]

Talk About Money: 6 Money Languages

There are a variety of personality tests and inventories that are used in marriage and relationship education. A popular one is Gary Chapman’s 5 Love Languages. As the book explains: As people come in all varieties, shapes, and sizes, so do their choices of personal expressions of love. But more often than not, the giver […]

For couples: How to talk about money

Many financial articles begin, “Start by talking about money with your spouse, partner or fiancé.” Much of the advice from financial professionals also begins this way. It may be, “You should talk about money and then … make a budget.” enroll in a debt management course.” take the following steps to work on your family’s […]