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! 🔗 Connect with Vicky: Linkedin - https://www.linkedin.com/in/vicky-reynal-4070ba133 Instagram - https://www.instagram.com/vickyreynalpsychotherapy 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet Check out our partner who is offering an Instant Savings Account Earning 4.07% AER Variable for your Business: Tide - https://tide.onelink.me/IS48/SavvyWallet T&Cs Apply. Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️ (The investing platform I use) Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Learn AI, Cybersecurity, Project Management, Data Science & more with the education platform that I use: 📚Coursera https://imp.i384100.net/savvywallet Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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