Money Games

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In the process of doing research for this blog and for my website, I have done a lot of reading. My latest book was titled “Beat the Emotional Games That Sabotage Your Finances.” It was written by Thomas C. Manheim. Manheim talks about the fifteen Money Games people play and the reasons he believes people handle their money the way they do. I found this book to be very interesting reading.

If you are a saver and are wondering what makes you that way or if you try to hide your finances from you spouse this book will give you some incite into why you feel confortable with those habits. It can also help you changes those actions if you so desire.

Manheim says America must be one of the most money conscious countries on earth. This statement is followed by these facts:

Ninety percent of divorces are said to be related to financial problems (source: Adrian Furnham and Michael Argyle, The Psychology of Money).

One in 100 households per year will declare personal bankruptcy (The New York Times).

Nearly 70 percent of consumers live from paycheck to paycheck (The Wall Street Journal).

The average household owes more than $8,000 in credit card balances (Nataline Jenkins, et al., You Paid How Much for That?).

More than 62 percent of Americans retire on an annual incomes below $10,000 (U.S. Census Bureau).

About 55 percent of all Americans “always or sometimes worry about their money” (USA Today).

These facts may make you think twice before you go out and buy another pair of shoes or eat out at that new trendy restaurant.