Last week, I described how you can get stuck in the second stage of change (contemplation). In this stage, you can think of multiple reasons why you should change a given money habit. But you can also think of multiple reasons why you don’t want to. Procrastination and feelings of ambivalence are common. What do […]

This post is the third in a series examining the “stages of change,” or the stages that mark your readiness to transform a habit. Last week, I presented the first stage of change (precontemplation). This week, I introduce stage two, which is called contemplation. It is when a person feels strongly pulled in two different […]

Last week I suggested that if you have decided to change one of your money habits, it is helpful to know your starting point, also known as your current stage of change (Prochaska, Norcross, & DiClemente). If you know your stage of change, it will help you design appropriate challenges or “homework” for yourself. These […]

In the last two posts, I’ve explained how people who feel “stuck” on a particular financial goal are often not quite ready to take action. They have some work to do at an earlier stage, called the contemplation stage of change (stage two), in order to shift the balance in the direction of change. One […]

Fill in the blank: “I really want to __________ (e.g., pay off my debt, save more money, make larger contributions to my retirement account), but I seem to be stuck.” When it comes to making an important change to our behavior, we’ve all gotten stuck before. We think to ourselves, “I just can’t find the motivation,” […]

This week, reporter Naomi Mannino wrote a comprehensive piece for Bankrate.com proposing several creative ways to break bad financial habits.  I was honored to be interviewed for the article.  Here is a selection: Does it really take just 21 days to change a habit? Experts say it’s not that simple. “Breaking bad habits successfully depends […]