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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