San Diego, CA. More than a few consumers discover their bad money habits in a deck of cards dealt out by a blackjack dealers. Now comes LifeWise, a life planning training and consulting company, out with its new deck of cards called: Money Habitudes . This unique deck of cards is an effective, novel approach that quickly reveal patterns of habits and attitudes about money which can support or sabotage achieving financial goals.
Syble Solomon is the creator of Money Habitudes. As a national speaker and the founder of LifeWise, she provides training to educate and encourage people to take personal responsibility for their actions and attitude today so they can create more options and opportunities for their future.
The Money Habitudes cards are now available through the nonprofit Institute of Consumer Financial Education (ICFE) and are in use by financial, credit and debt counselors with individuals, couples and groups. The cards are a welcome alternative to what is currently available to most counselors. Until now, they could either ask a lot of questions, which many clients felt were intrusive, or a counselor could use impersonal questionnaires which often reminded clients of the unpleasant task of taking a test.
In contrast, the Money Habitudes deck of cards help people associate the cards with a non threatening, social activity and they easily engage, relax and share insightful, productive information with the people they have come to for help in turning around very difficult financial situations such as living from paycheck to paycheck, dealing with delinquent debts, chronic over-spending, or being on a fixed income. Counselors and their clients report they enjoy manipulating the cards more than filling out a form or working on the computer.
The Money Habitudes deck includes easy-to-follow instructions for six activities using 54 statement cards. These cards describe a habit or attitude related to money such as: I rarely buy anything unless I can pay it off right away and I am proud that I live modestly and think others should too.
On the back of each card is a colorful picture to identify it with one of the six money habitudes. Each habitude is associated with predictable money management behaviors such as saving, investing, risk-taking and tolerance for debt. Examples of habitudes include: Security (money represents being safe and secure), Status (money represents a way to create a positive image), Selfless (money helps one feel good by giving to others), Free Spirit (money is not a priority for a carefree life style), Targeted Goals (money helps one achieve goals) and Spontaneous (money encourages one to enjoy the moment). Also included are user-friendly interpretation cards for each habitude with suggestions aimed at helping the user identify next steps for changing behaviors.
The Money Habitudes cards are based on the most common themes and supporting information found in current financial and psychological research and are time effective as well as fun. They were developed with input from financial planners, family and consumer specialists, credit/debt counselors, bankruptcy educators, university faculty, personal and business coaches, therapists, and counselors.
For instance, a simple fifteen-minute activity will provide the insights needed to:
1) Determine the most effective approach in working with individual clients to help them successfully manage and/or invest their money.
2) Identify the underlying challenges a client may face in spite of having a good plan.
3) Predict and understand potential money conflicts when working with couples, families or business partners and executive teams.
A Money Habitudes Guide for Professionals is included with the four decks of cards as part of the counselors package, and it offers the professional counselors additional activities and more in-depth interpretations.
Money Habitudes cards and guides can be ordered online HERE.