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Search resuls for: "Vicky Reynal"


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Vicky Reynal, a financial psychotherapist and author of "Money on Your Mind," told CNBC Make It that there are psychological reasons behind our spending habits, and many of these attitudes stem from childhood experiences. Whereas someone who experienced childhood neglect may grow up with low self-esteem and act this out through money behaviors. This could include feeling guilty when spending money because they don't feel they deserve good things, or splashing the cash to impress because they feel unworthy of attention. A scarcity mindset means someone might struggle to enjoy the money they've earned and be anxious about spending it, Reynal added. Alternatively, there are people who grew up with little but became wealthy, and are now very careless with money.
Persons: Vicky Reynal, Reynal, they've, couldn't Organizations: CNBC
Harel-Cohen advised against scrutinizing every penny spent because it's not possible to always meet your financial goals. Meanwhile, Sarah Coles, head of personal finance at Hargreaves Lansdown, said there’s always room for improvement where money management is concerned. However, this approach leaves you vulnerable to neglecting key aspects of your finances,” Coles said. CNBC Make It asked four financial experts for their top tips on reflection and money management as the end of the year approaches. Understanding where you are financially within these five key areas can help you create the foundations of a budget and new money goals, Coles added.
Persons: ” Tamara Harel, Cohen, Harel, it's, Sarah Coles, Hargreaves Lansdown, there’s, you’re, ” Coles, Vicky Reynal, ” Reynal, , Reynal, ’ Hargreaves Lansdown’s Coles, Coles, ” Harel, Organizations: Smart, of America, CNBC Locations: U.S, ,
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