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	<title>Better Relationships &#187; personal finances</title>
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		<title>Money Troubles? How to Understand Your Relationship with Money</title>
		<link>https://www.better-relationships.com/money-troubles-how-to-understand-your-relationship-with-money/</link>
		<comments>https://www.better-relationships.com/money-troubles-how-to-understand-your-relationship-with-money/#comments</comments>
		<pubDate>Mon, 26 Nov 2018 21:18:27 +0000</pubDate>
		<dc:creator><![CDATA[Jim Swaniger]]></dc:creator>
				<category><![CDATA[FINANCES]]></category>
		<category><![CDATA[MEN'S ISSUES]]></category>
		<category><![CDATA[RELATIONSHIPS]]></category>
		<category><![CDATA[WOMEN'S ISSUES]]></category>
		<category><![CDATA[family budget]]></category>
		<category><![CDATA[family finances]]></category>
		<category><![CDATA[household finances]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[personal finances]]></category>
		<category><![CDATA[spending habits]]></category>

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		<description><![CDATA[We each have a unique relationship with money. Though not everyone recognizes the connection, there is a direct line between how you feel about money and your financial tendencies. Not only does your relationship with money influence financial decisions but it also plays a role in your self-worth. Thus, making it a topic worth exploring. Especially since money affects most areas of your life. When you understand your relationship with money, you can then begin to change it, allowing money to have a more healthy impact on your life. Consider these ideas for understanding your relationship with money and changing your financial future. Reflect on What Influences Your Relationship Money We’ve all had people and events in our lives that influence our relationship with money in both positive and negative ways. For example, did you have a parent that always seemed to be spending money, without any limits? Or did you experience an event that caused financial distress in your life? One event that has had a big impact in this regard is the 2008 financial crisis and recession. Research is showing that Millennials now make more conservative financial decisions because of the influence of the financial crisis. This can be both positive and negative. It means that many of us are more likely to save money. But we also may be more averse to taking major life steps such as buying a home or starting a family. Consider Your Philosophy Towards Money Once you have done some mindful reflection on your financial influences, locate within yourself some basic information, such as whether you’re a saver or a spender. This is actually an easy answer to retrieve. Simply open the books and analyze your saving and spending patterns. For example: Review your credit card statements to understand what you choose to charge. Log into your 401k/Roth IRA to see how much money you have saved. Assess your status regarding debt. (Home, car, student loans, etc.) Examine where your cash is going. (Eating out, shopping, tech gear, etc.) If this all sounds overwhelming, don’t worry. Plenty of online tools are available now [&#8230;]]]></description>
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