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Tag: money matters

  • New year, new way to deduct charitable donations

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    WINSTON-SALEM, N.C. — Changes to how charitable donations are taxed are coming in 2026.

    “I think that the winners are definitely going to be those that take a standard deduction,” said Jahad Zenith, chief financial officer of Ummah Tax Solutions in Winston-Salem.

    What You Need To Know

    • The way charitable donations are treated on income tax returns is changing in the new year

    • Depending on tax bracket, those who do not itemize can deduct cash donations to charity of up to $1,000 for single filers and up to $2,000 for joint filers

    • Itemized charitable donations will be capped at 35%




    Depending on tax bracket, starting Jan. 1, those who don’t itemize will be allowed to deduct charitable cash donations of up to $1,000 for single filers and up to $2,000 for those who file jointly. Itemized charitable donations will be capped at 35% and a new floor has been set regarding deductions for itemizers and corporations. 

    “If your [adjusted gross income] is $100,000, 0.5% of that is $500, you have to go above the $500 in order to get any credit,” Zenith said. “You have to meet a certain number before any deductions even count.”

    Reports show nearly one-third of charitable donations are made in December. It’s typically a busy time of year for nonprofits such as Goodwill to receive donations. 

    “It’s not unlikely for us to get hundreds of donations a day,” said Renee Rohrer, director of marketing for Goodwill Industries of Northwest N.C.

    Goodwill accepts gently used clothing, furniture, household goods and electronics, and 87 cents of every dollar received go toward the nonprofit’s mission programs.  

    “When you make a donation to Goodwill, you can receive a receipt,” Rohrer said. “[It’s a] tax-deductible receipt. It also has cool reminders on the back of what we can accept and what we can’t accept, and what our most needed items are.”

    Although the holiday season creates a rush, recently imposed tariffs have also led to an increase in those shopping at Goodwill. The new tax codes may move some to donate even more.

    “We still see an incredible amount of donations because people are just already in the swing of things this time of year to go through stuff in their houses, whether or not they’re able to write that off on their taxes,” Rohrer said. 

    With tax season around the corner, experts recommend consulting with a tax professional to make sure you get the most out of your return. Some organizations offer free estimates. 

    Follow us on Instagram at spectrumnews1nc for news and other happenings across North Carolina.

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    Zach Tucker

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  • N.C.’s 2026 economic outlook preview shows strength, economist says

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    RALEIGH, N.C. — Last-minute holiday shoppers filed into ABC stores and retail centers across the state Wednesday, many feeling the weight of higher prices as they wrapped up their holiday purchases.

    But even as inflation, tariffs and rising insurance rates have strained budgets this year, one economist says North Carolina may be heading into 2026 on stronger footing than many expect.

    What You Need To Know

    • The U.S. economy grew at a 4.3% annual rate in the third quarter of 2025, according to new Bureau of Economic Analysis data, driven by consumer spending, exports and government spending

    • Prices also continued rising, with the broad index for gross domestic purchases increasing during the quarter, underscoring the inflation pressures North Carolina families reported during holiday shopping

    • Several key inflation measures are up about a full percentage point year over year, while wages have not kept pace and businesses are passing along higher tariff-related costs to consumers

    • Despite national economic uncertainty, economist Michael Walden says North Carolina remains in a strong position heading into 2026, with the Triangle outperforming state and national trends; his full economic outlook report is expected early next year


    “It’s been a tough year for a lot of families,” said Ricky Stevens, who was picking up holiday beverages in Fayetteville. “People stressed out with jobs, short hours, some jobs closing. They want to see their own family and take a social drink or whatever.”

    Other shoppers said it’s not just holiday items, but everyday essentials that feel more expensive.

    “You get in line and you’re paying like $50 more than you used to,” said Aleisa Washington.

    For Steve Stevenson, the strain is part of a longer pattern.

    “Things have been kicked down the road for a long time,” he said. “Somebody’s gotta pay the price eventually, and unfortunately, it’s us right now.”

    Inflation up, wages lagging behind

    A new economic report released this week shows several key inflation measures rising a full percentage point year over year, with wages failing to keep pace, a trend that worries families heading into the new year.

    “The way it impacts people is not so much in whether they can buy things, but whether their salaries keep up with those prices,” said Michael Walden, an economist at North Carolina State University. “And we have seen that not happening for a lot of people.”

    Tariffs still raising costs for consumers

    Walden says another factor affecting household budgets is tariffs on imported goods, including many alcoholic beverages.

    “American businesses have been paying these billions of dollars that are going into the tariff fund,” Walden said. “And they’re increasingly passing those on to consumers.”

    He noted that the holidays are typically the busiest time of year for alcohol sales, and some shoppers temporarily put aside cost concerns for Christmas and New Year’s celebrations.

    “People tend to put those cost concerns aside,” he said. “This is a time for celebration for family, for friends, for the end of the year.”

    North Carolina’s economy remains resilient

    Despite the challenges, Walden says his early analysis shows North Carolina is in a stronger position than much of the country heading into 2026. He is preparing his annual economic outlook report, which will be released early next year.

    “I’ve been doing this for almost 50 years,” he said. “North Carolina always looks better on virtually every metric. And here in the Triangle, probably another step higher than that.”

    Walden says the state’s steady population growth, diversified industries and resilient job market continue to set it apart.

    “We are in a good place to weather some of these economic challenges here in North Carolina,” he said, “and especially in the Triangle.”

    Looking ahead

    As families celebrate Christmas and look toward the new year, Walden says cautious optimism may be justified, even with rising prices still affecting the cost of daily life.

    His full 2026 economic outlook presentation is expected to be released in the coming weeks.

    Follow us on Instagram at spectrumnews1nc for news and other happenings across North Carolina.

     

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    Sarah Rudlang

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  • As prices rise, child care remains a major expense for families

    As prices rise, child care remains a major expense for families

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    RALEIGH, N.C. — While children are preparing to head back to school this month after the summer break, the cost of child care remains a concern for parents.

    Financial experts say it can cost $21,000 per year for two working parents to raise one child in North Carolina.

    What You Need To Know

    • While children are preparing to head back to school, the cost for child care remains a concern for parents
    • Financial experts say it can cost $21,000 a year for two working parents to raise a child in North Carolina
    • Financial professional Wes White of Patriot Wealth Management in Raleigh says overall costs are continuing to rise because of inflation, which affects everything from housing to food


    Financial professional Wes White with Patriot Wealth Management in Raleigh says overall costs are continuing to rise because of inflation, which affects everything from housing to food. 

    “One of the biggest expenses families face is child care. It’s become so expensive that the average cost of child care for one kid is more expensive than rent in every U.S. state,” he said.

    White says the three most common things parents spend money on when raising children are housing, food and child care.

    On average, parents spend about 33% of their income on housing, he says.

    “Food is another major cost. Families spend anywhere from $975 to more than $1,500 on food per month,” White said.

    White says there are ways to support your children besides giving them money. He stresses teaching them good money management skills and encouraging them to create a financial plan for themselves. 

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    Siobhan Riley

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  • Hina Khan on how to escape habits that get in the way of success – MoneySense

    Hina Khan on how to escape habits that get in the way of success – MoneySense

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    Who are your money heroes?

    My money hero is my dear friend Bob Proctor. I met him in 2014, and—because we lived in the same city—we became friends. He became one of my greatest mentors. The celebrated self-help author and lecturer, who had only one month of high-school education, taught me so much about money. I understood what money truly is, the law of compensation and so much more. 

    The law of compensation has three parts: the need for what you do, your ability to do it and the difficulty there is in replacing you. The part that an individual needs to focus on is the second part: your ability to do it, and getting better at what you do. This is why I tell people it is important to get your reps in. I am forever learning and growing and getting more effective at what I do.

    How do you like to spend your free time? 

    I have changed my relationship to time and I don’t think of having “free time.” I think in terms of activities and being present. For example, I love writing on the weekend. Some may look at that and say I should not be working on the weekend. But for me, it doesn’t feel like that. It is simply time. We all get the same amount, and it can’t be managed. We can manage our activities, and that is what I focus on. I have a lot of space in my calendar that might be considered free time but I don’t look at it that way. So, I have no need to fill it.

    Perhaps it is like this: All of my time is free time. I have the freedom to choose how I will spend the time.

    If money were no object, what would you be doing right now?

    I am so grateful to say I would be doing exactly what I am doing now. Every week, Monday to Friday, I run The Rise calls. These calls are from 6 a.m. to 7 a.m. EST. We start with writing our goal and then some teaching. These calls create a peak state for my clients, which they then carry with them throughout the day.

    When I talk about a peak state, I mean they are connected to their goal and what they want to create. It is not about working hard; it is the opposite. They are focused to they can create their day based on the clarity of their goal and it fuels them for the day. They have order in their mind. They are not starting the day in a reactive state.

    I often say my clients get more done by 10 a.m. than most people do in an eight-hour day. When you control your mornings, you control your day. And that is one of the reasons our clients are incredibly successful. Regardless of my finances, I would be setting my alarm to do these calls.

    What was your first memory about money?

    This is such a great question. I think my early memories around money were that it caused tension. It was a source of conflict in our home. I think that created a belief that money was not good, that it led to conflict, that it created complications and could damage relationships. The impact that had was in my revenue. Raising prices and receiving money used to be difficult for me. And that is not a great thing when you are an entrepreneur.

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    MoneySense Editors

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  • Ellyce Fulmore is putting the personal back into personal finance – MoneySense

    Ellyce Fulmore is putting the personal back into personal finance – MoneySense

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    What was the biggest money lesson you learned as an adult? 

    The understanding of how big a role your identity plays in your finances. Finance is deeply personal and intersectional, and your money is directly impacted by aspects of your identity such as privilege, race, gender, sexual orientation, mental health, disability, systems of oppression and more. The identities you hold will impact how you view, understand, spend and approach your money. 

    I didn’t fully understand this until I came out as queer and was diagnosed with ADHD. These realizations helped me make sense of a lot of my money behaviours and challenges. For example, I struggled with impulse spending for years, and ended up with $15,000 of high-interest debt because of that. I felt so ashamed of this debt, but I didn’t know that having ADHD makes me four times more likely to impulse spend than someone without ADHD. By understanding who you are, the privilege you hold and/or barriers you face, your lived experience and your trauma, you can begin to change your relationship with money and create a financial plan that makes sense for your life.

    Learning this lesson is what inspired me to write a book and start my financial literacy company, Queerd Co., where our approach to financial literacy goes beyond the conventional, giving folks permission to be full human beings—not just numbers on a spreadsheet. At Queerd Co., our goal is financial equity, and every course we create, resource we recommend, space we hold and discussions we lead will aim to take a shame-free and identity-based approach to money.

    What’s the best money advice you’ve ever received?

    That your financial situation is not your fault, and the shame you feel around money is not solely your shame to carry. I learned this inside of the Trauma of Money certification program, where we spent time examining and unpacking the idea of shame and responsibility when it comes to our money. The reality is that many of us inherit money trauma and learn our financial behaviours and habits from our caregivers. We also have to consider the government policies, financial institutions, and larger societal systems such as capitalism, and how those play a role in the decisions we make and the financial challenges we are subjected to. In the Trauma of Money, we were taught to ask ourselves, “Whose shame is this?” to help call attention to the fact that some of the shame we feel has been placed upon us, despite it not being our shame to carry. This advice really helped me reframe the way I felt about my past financial decisions.

    What’s the worst money advice you’ve ever received?

    I tell this story in chapter 1 of my book, which is all about finding safe spaces: The first time I went to talk to a financial advisor at the bank, the advisor made a misogynistic comment along the lines of, “When you have a husband, he will take care of this for you.” This was his response when I tried to ask questions about some financial terms he had briefly mentioned. This was horrible advice because: a) it was misogynistic; and b) it was encouraging me to not be in control of my own financial situation. I cannot stress enough how important it is to have financial autonomy, even within a marriage. If you ever find yourself in an abusive relationship, having access to your own money will give you the freedom to leave.

    Would you rather receive a large sum of money all at once or a smaller amount regularly for life? 

    It would depend on the amount. If the smaller amount was enough to cover my monthly expenses, then I would choose that option, because it would give me the immense privilege of never again stressing about paying my bills. It would also take a lot of pressure off my business and allow me to explore more creative pursuits. But if the amount wasn’t enough to cover my bills, then I’d prefer the lump sum. I could actually make more money from the lump sum in the long term by investing it, but the first example would be a better decision emotionally. 

    What do you think is the most underrated financial advice?

    Gamify your finances. This is great advice for almost everyone, but especially for anyone who is neurodivergent. If you can make managing your money fun and enjoyable, you’ll be more likely to actually keep up with it, and have greater success with reaching your goals.

    What is the biggest misconception people have about growing money?

    That being “good with money” and building wealth is just a math game, and that all you need to do is manipulate the numbers—it’s so much more than that. Creating the perfect spreadsheet, debt repayment plan or investment strategy will never address the root of your money issues. We’ve been taught that if we follow the formulaic system for success, we will be wealthy and happy. But there’s no magic formula for success, because everyone’s lived experience, values, goals and definitions of wealth are different.

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    MoneySense Editors

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  • 7 money-based new year resolutions you'll actually stick to in 2024

    7 money-based new year resolutions you'll actually stick to in 2024

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    If you – like most of us – have splurged over the festive period, you may be thinking about the best money-based new year resolutions to take with you into 2024. While we hope ‘tackling the cost of living crisis’ is top of Rishi Sunak’s new year resolutions list, there are still plenty of actionable goals we can work towards as individuals.

    Everyone could benefit from a healthier relationship with their finances, but there are plenty of factors holding us back, from rocketing rent and house prices to feeling ashamed of our spending habits. In fact, the TikTok girlies have been turning to #GirlMath – e.g. returning items you’ve already bought is making a profit – to justify their financial splurges.

    We don’t need to infantilise ourselves to feel better about how we spend our cash, but we can set ourselves easy financial goals. GLAMOUR spoke to the founders of Female Invest – Emma Due Bitz, Camilla Falkenberg and Anna-Sophie Hartgivsen – who share their top money-based new year resolutions to revolutionise your spending.

    Money-based new year resolutions ideas:

    1. Create a budget

    Commit to making a detailed budget that outlines your income, expenses, and savings goals. Stick to it throughout the year to better manage your finances.

    2. Reduce debt

    Set a goal to pay off a certain amount of debt, whether it’s credit cards, student loans, or any other outstanding balances. Consider creating a repayment plan to tackle this efficiently.

    3. Save more

    Aim to increase your savings by a specific percentage or amount each month. Set up automatic transfers to a savings account to make it easier to save consistently.

    4. Invest wisely

    Educate yourself about different investment options and make a plan to invest your money wisely. Consider seeking advice from a financial advisor to align your investments with your long-term goals.

    5. Cut unnecessary expenses

    Review your expenses and identify areas where you can cut back. This could involve reducing dining out, cancelling unused subscriptions, or finding more cost-effective alternatives for everyday purchases.

    Resolve to build an emergency fund if you don’t already have one. Aim to save a specific amount that covers several months’ worth of living expenses, providing a safety net in case of unexpected financial challenges.

    7. Track spending habits

    Make a resolution to track every expense diligently. Use apps or spreadsheets to monitor where your money goes, which can help you identify patterns and areas for improvement in your spending habits.

    A final word of advice from Female Invest: “Each of these resolutions can contribute significantly to your financial health and stability, but remember, it’s essential to set realistic goals and be consistent throughout the year to achieve them.”

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    Lucy Morgan

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  • The UK’s birth rate has plummeted, but we literally cannot afford to have more children

    The UK’s birth rate has plummeted, but we literally cannot afford to have more children

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    But those nursery fees are on the lower end of the spectrum, thanks in part to the fact that we live in the north. One friend who lives down south pays a day rate a few pence shy of £80. Bearing in mind that the National Minimum Wage currently stands at £10.42 per hour for those 23 and over, it means that a parent working the average eight-hour shift on minimum wage would just make enough to match the day’s childcare fees . After deducting tax, pension, national insurance and travel costs… not only have they not made a profit, they’re in debt. And that’s just for one child. God forbid the parent is 20 or under; then they can be legally paid just £7.49 an hour, or £5.28 if they’re under 18.

    According to Pregnant Then Screwed, the UK has one of the most expensive childcare systems in the world, with costs continuing to rise: 41% of parents have had an increase of 5-10% in their childcare fees, while 14% say theirs have risen by more than 10% in the last 10 months. The inaffordability is clear to see.

    Ella Delancey Jones, 31, is the host of You, Still, a podcast exploring postpartum identity. She’s a friend (our daughters were born exactly two months apart), and tells me: “The financial implications of having a second child one day are the number one reason we’re put off. We can comfortably afford our daughter with me doing the bulk of the childcare, but even with her doing just one day a week at nursery we don’t know how it will be feasible to add another baby to the mix.

    “Even if we waited until my daughter was of school age,, doing so would impact my career again for several years,” Ella adds. “It’s so unfair that our choice of whether to add to our family or not is being dictated by a government who refuses to invest in the future leaders of our country.”

    To those who suggest it’s her responsibility to breed for the sake of the economy, she says: “If we are to have more babies to support our ageing population and retirees, we need much more give and take – not just take. I don’t want to hear ‘why should I pay for your child?’ if you want them to pay for your pension. We need those in charge to put value on those who are going to keep things running, and those who are raising them, and stop ignoring us until everything falls apart. Because it won’t be our children’s fault.”

    Joeli Brearley, founder of Pregnant Then Screwed, is not coy with the truth. She tells me: “We’ve got women terminating pregnancies and thousands more deciding not to have children. Women falling out of the workforce in droves; and children being pushed into poverty. All because of an unaffordable, inaccessible, dysfunctional childcare sector that has been neglected for the past decade by this Government.

    “The Autumn Statement saw the national living wage increased, which is great in theory,” she added, “but funding for nurseries was not increased alongside this announcement. More women will drop out of the workforce and fewer will be able to afford to have kids as a result.”

    For myself, Ella and many more mothers and families, further children are not something we can afford at the moment. Whether this government will acknowledge that we need a functioning, well-considered solution is yet to be seen. I’m not optimistic.

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    Grace Holliday

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  • Figuring out your ‘financial love language’ could drastically improve your money situation

    Figuring out your ‘financial love language’ could drastically improve your money situation

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    If you’ve got a penchant for deep-diving into the psychology behind people’s behaviour, you’ll be well-versed in the concept of love languages, which was created by Gary Chapman.

    The relationship guru defined 5 Love Languages, which represent five different ways that we express and receive love, including words of affirmation, physical touch, acts of service, quality time and receiving gifts – and his concept went completely viral and has helped people decode their relationships since the 90s.

    But it seems love languages don’t exclusively effect how you behave in a relationship; they can also impact your career and your attitude to money.

    GLAMOUR has already written about how love languages might well be adapted to improve the quality of your work connections, and now we’re delving into how your love language can help your financial wellbeing.

    According to finance expert Georgia Galloway at Finbri, each of the five love languages can affect your attitude to money in different ways, and recognising and understanding yours can benefit your finances – from gifting your future self with savings, to spending quality time having open conversations about money worries with loved ones.

    Here’s how to work out your financial love language and how you can use it to your advantage to improve your money situation:

    WORDS OF AFFIRMATION

    If your love language is words of affirmation, you appreciate verbal expressions of appreciation and love, so when it comes to money, positive self-talk and self-encouragement is for you. “Celebrate your financial achievements, like hitting a savings goal or paying off debt, and be kind to yourself at times when your finances aren’t so good,” Georgia suggests. “Don’t beat yourself up for occasionally overspending or not sticking to your budget last week – focus on the positive things you did instead, no matter how small, like taking lunch to work every day this week instead of buying it out or resisting an impulse purchase.”

    ACTS OF SERVICE

    People whose love language is acts of service appreciate when their partner does things for them, like cooking dinner or running errands, but doing some financial admin is the act of service you can do for yourself, for your finances. “Do a daily bank account check to keep an eye on outgoings, and set aside some time, perhaps once a week or once a month, to review your budget,” says Georgia. Not all budgeting methods work for everyone, so it’s important to keep an eye on it and make changes as necessary.

    RECEIVING GIFTS

    If your love language is receiving gifts (hi!), what better gift is there than a gift to yourself in the future? “Spend some time to educate yourself about finances by reading a book, listening to a podcast, or even just scrolling through #FinTok. Set up automatic savings transfers or use a round up account so you can put away some money without even noticing. Take some time to look at your pension; it’s important to review it regularly to make sure you’re on track, and you might need to adjust your contributions if your circumstances have changed,” says Georgia. Even if you can only afford to contribute a small amount each month, future you will be very grateful.

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  • A simple pensions guide to ensure you can retire on your own terms

    A simple pensions guide to ensure you can retire on your own terms

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    Of all of the things about personal finance that can feel a bit abstract and out of reach, pensions are the easiest to forget about, or put off thinking about. In our twenties and thirties, retirement still feels a long way off, and we feel that we have other priorities, from big financial goals like home ownership, to enjoyment spending like holidays and hobbies. Putting more into our pensions is not usually at the front of our minds, and we can either tick along contributing the minimum or automatic amount set by our employers or, for self-employed people, not contributing to a pension at all.

    So far, so dry. But here, we have pulled together a simple pensions guide with the essential things to know.

    So, what is a pension?

    It seems like a very basic question, but lots of people don’t really understand pensions. Your pension is the money that you will have to live off when you choose to stop working, whenever that might be. Most pension funds are essentially very long-term investments, which include a great tax break from the government. As well as your workplace or private pension, retirees currently have a state pension(£175.20 per week), as long as they have made at least the minimum national insurance contributions over their lifetime.

    If you are employed and earning over £10,000 per year, you will be automatically opted into a workplace pension, where 5% of your pre-tax salary is paid into your pension, with an employer contribution of 3%. You can opt out manually, but you will be re-enrolled at the start of each tax year and will have to opt out again. If you opt out, your employer will not contribute anything to your pension, either.

    If you’re self-employed, you are the only person contributing to your pension – but it’s still worth creating a private pension fund to safeguard your future, and help to ensure that you’re not still writing articles, laminating eyebrows or designing brochures on your 90th birthday.

    How much should I be paying into my pension?

    Ask most people this question, and they will say, “as much as possible”. Some figures that are often floated can feel a little daunting – for instance, many experts will say that a good rule of thumb, if you’ve never paid into a pension before, is to halve your age and pay that percentage of your income into your pension until you retire. For example, I’m thirty-one, so if I’d never paid into a pension before, my ideal contribution would be 15.5% of my income.

    If that sounds like too much, which it will to many people, look at what you can afford. If you could feasibly put in an extra percentage of your monthly income, try that. You can always gradually increase.

    You could also speak to your company’s HR or finance department about this if you’re employed – many companies use providers who will happily come in to explain their specific pension scheme to teams.

    What about if I’m self-employed?

    For a long time, pensions have been the monster under the bed for self-employed people. Research published in the Guardian in 2019 showed that 60% of self-employed people, compared to 30% of employees, were not paying anything into long-term savings or pension schemes.

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    Clare Seal

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  • How developing a ‘money mindset’ could help you save thousands

    How developing a ‘money mindset’ could help you save thousands

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    With most things in life, if we are trying to achieve or change something, we often have ensure we are mentally ‘there.’ Our mindset can drastically shape a lot of things – whether we think we are good enough for a pay rise or that new job, do we really believe in ourselves enough to make it happen? In fact, our mindset can have a huge influence over our finances too and the ways in which we think about money.

    Lesley Thomas, Financial Mindset Strategist and founder of The Money Confidence Academy, explains how talking more about money can help us all become better at money management and help tackle emotional issues surrounding our attitudes, from dealing with debt to saving woes. Here, she explains what having a ‘Money Mindset’ really means and how it can help you.

    What is a ‘Money Mindset’?

    ‌’Money Mindset’ refers to a person’s beliefs, attitudes, and thoughts about money. It encompasses how a person thinks about and relates to money, wealth, and financial success. A person’s money mindset can have a significant impact on their financial decisions, behaviours and the results they see, or don’t see.

    ‌Our Money Mindset usually forms between the ages of 0 and 7, usually as a result of our parents, or main caregiver’s relationship with money. As small children we soak up information like a sponge and this include what our parents say and don’t say about money, and about people who have, and don’t have money. This all forms the basis of our Money Mindset, which gets further layered on a we grow older and all the experiences we have as children and then as adults.

    ‌The key element to be aware of is our Money Mindset, is directly linked to our sense of self-value, self-worth and self-confidence. Some people tie their self-esteem to their financial success, leading to a fear of failure or a drive to constantly achieve more. Others may believe that money doesn’t define their worth as a person.

    ‌Money mindset also affects how people view and handle debt. Some may see debt as a necessary tool for achieving their goals, while others may view it as a burden to be avoided at all costs.

    ‌Money mindset influences the types of financial goals individuals set for themselves. Some may prioritise saving and investing for the future, while others may focus on immediate gratification in the here and now.

    ‌People with different money mindsets may have varying levels of risk tolerance. Those with a more conservative mindset may be risk-averse and prefer safe, low-return investments, while those with a more adventurous mindset may be willing to take on higher risks for potentially higher rewards.

    ‌Money mindset can also be shaped by a person’s level of financial education and exposure to financial theories and ideas. Those with a growth mindset may be more open to learning about finances and improving their financial literacy.

    ‌

    How can we change our ‘Money Mindset’ to help us better handle our finances?

    There are a number of keys ways to help you change and alter your money mindset, from identifying negative triggers to positive affirmation, here are my top 10 ways to help create a better attitude towards money.

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    Annabelle Spranklen

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