Money management is an essential life skill, but there is no one-size-fits-all approach to managing money. We may all achieve the same/similar results, but the path to getting there may vary from one culture or family to another.  Great discussion with Oma Wilson who is a Financial Advisor and very passionate about her profession. 

Many cultures think outside the box and use creative practices to manage money.  See some visual guide to give yourself an idea of how people from around the world deal with money. 

Most of us struggle with money and weight management.  Interestingly, our emotional brain responds to the word budget the same way it responds to the word diet.  Just like dieting, budgeting gives us images of suffering, giving things up (good things, like cakes/ice cream and shopping!) and making forced sacrifices. In reality, budget = awareness. So instead of thinking about the real reason you’re budgeting (i.e. saving for a new house /car that will make you happy), all you’re thinking about is what you can’t have (a new item from Amazon or maybe I-phone).

I would love to hear from you as well so share your story about your money experience as sharing gives hope… we learn from each other, together we are stronger. Here are some questions if it helps you to start the conversation. "Do you budget to better manage your finances? Do you feel most people around you are afraid to speak about money? If you have kids, how do you approach teaching your kids about money?"

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