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Money

80 STASHED IDEAS

Our relationship with money is emotional

Money is so much more than dollars and cents. Our relationship with money is emotional. Hopes and fears, guilt, and shame can all play a significant role in our financial life.

And those feelings can be tied to lots of things: our upbringing, our environment, and all the money messaging in the world and the media.

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@lolaf

πŸ’°

Money

npr.org

One factor that will determine how we behave is where we fall on the cold or hot state of the spectrum.

A hot state is when our emotions like fear or exhaustion take over. We are so eager for something that we will grab it the moment it becomes possible. Over the last year, an enormous amount of pressure has been built up. We are about to enter a massive hot state as the pandemic shifts.

Conservatorship/ guardianship

Conservatorship/guardianship has recently come under the spotlight with the documentary about Britney Spears, along with the ongoing hearings about her own conservatorship.

Historically, conservatorships/guardianships were designed to protect people with decreasing faculties from those who want to take advantage of them by securing their resources. Independent third parties are assigned legal authority to make decisions on their behalf to best preserve their wellbeing and financial interests.

From 2008 to 2018, 41 states spent less per student after adjusting for inflation.

The increase in the number of people enrolling in college nationwide means less money is available per student.

We buy products we don't need

We often fill our lives with possessions we don't need.

This is named the Diderot Effect: the tendency to over-consume, spurred by our need for betterment.

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