P$yFi | Psychological Finance

Olivia takes you on a metaphorical nautical journey to navigate through turbulent financial waters by 1) mapping out your financial destination; 2) using your financial navigational tools; 3) understanding financial dangers; 4) regaining financial control; 5) identifying allies; and 6) recalculating. Links: www.annualcreditreport.com https://extension.usu.edu/powerpay/

Many give up on financial planning before they start, and it’s no wonder! There are so many things to know! Olivia validates and empathizes with the listener but helps focus your attention on 6 areas to explore to create some sense of direction and movement: spend-planning, tax-planning, debt management, saving/investing, retirement planning, and estate planning. FINANCIAL WELL-BEING: Civilian, Mi...

It’s graduation season, so why not gift your graduate with the gift that keeps on giving: financial knowledge! Author Freddie Grant provides a succinct, easy-to-read book for teens to understand Personal Finance. The subtitle of the book captures its essence: The Ultimate Guide to Budget, Save, and Invest for Early Financial Independence. Set up coffee dates, a book club, or mentoring sessions wit...

It’s graduation season, so why not gift your graduate with the gift that keeps on giving: financial knowledge! Author Freddie Grant provides a succinct, easy-to-read book for teens to understand Personal Finance. The subtitle of the book captures its essence: The Ultimate Guide to Budget, Save, and Invest for Early Financial Independence. Set up coffee dates, a book club, or mentoring sessions wit...

Written by Elizabeth Dunn and Michael Norton, Happy Money address that you may be spending your money wrong if it’s not bringing you joy. Olivia flips the script and applies the pay now, consume later to retirement, where the act of saving becomes an investment in our future well-being. The benefits of delayed gratification, the joy of anticipation, and making a future experience taste free are al...

Written by Elizabeth Dunn and Michael Norton, Happy Money doesn’t discourage spending in and of itself but rather encourages incorporating new spending behaviors. Olivia continues where she left off, introducing the concept of buying time and paying now/consuming later.

Written by Elizabeth Dunn and Michael Norton, Happy Money encourages the consumer to experiment with various spending habits that truly cultivate a sense of overall well-being, such as buying experiences, buying time, making purchases a treat, and practicing delayed consumption (aka Happy Money principles). Notably, these spending methodologies will not require an increase in income, but rather a...

You may not consider your finances a likely vulnerability when pondering everyday threats. Whether perpetuated intentionally or unintentionally, insider threats can manifest in the form of personal financial mismanagement or significant emotional events, such as death, divorce, job loss, or illness. Outsider threats also compromise your financial security, such as predatory lenders, identity thiev...

Financial Literacy Training: Meeting Financial Developmental Milestones Olivia and the Army Headquarters Deputy Chief of Staff, G-9’s Financial Education Program Manager, Robyn Mroszczyk, discuss what’s in it for leaders to promote financial literacy and address financial developmental milestones. We take our children in for well-child checkups to ensure physical developmental milestones are met....

Olivia and special guest Gretchen Bentler (LPC/AFC®) illuminate how Dialectical Behavior Therapy techniques can assist you in being more mindful in your spending and financial practice. Now that you’ve learned and practiced the first three modules of DBT that required “internal” practice (go back and listen), you are now ready to apply this practice “externally” with other people. Olivia and Gretc...

Olivia and special guest Gretchen Bentler (LPC/AFC®) illuminate how Dialectical Behavior Therapy techniques can assist you in being more mindful in your spending and financial practice. Be sure to listen to episodes 17 and 18 in Season 3 prior, as each skill builds on the next. Emotion dysregulation can lead to overspending and other financial addictive behaviors. Regulating emotions not only curb...

Olivia and special guest Gretchen Bentler (LPC/AFC®) illuminate how Dialectical Behavior Therapy techniques can assist you in tolerating financial distress and surviving financial crises. If you are a Redstone Arsenal employee, please call Olivia at 256-876-6299. If you are a Tobyhanna Army Depot or Picatinny Arsenal employee, please call Gretchen at 570-615-6682. For more information on Army Fina...

Olivia and special guest Gretchen Bentler (LPC/AFC®) illuminate how Dialectical Behavior Therapy techniques can assist you in being more mindful in your spending and financial practice. If you are a Redstone Arsenal employee, please call Olivia at 256-876-6299. If you are a Tobyhanna Army Depot or Picatinny Arsenal employee, please call Gretchen at 570-615-6682. For more information on Army Financ...

Although not classified by the American Psychiatric Association as a disorder , there is clear evidence we engage in disordered spending . Olivia and guest, Matt (AFC® Candidate), discuss how shopping addiction receives honorable mention as a behavioral addiction, providing a lens in which to view this as a pattern of expectant behavior where we create and accept risk that will lead to greater rew...

We all need a financial realignment from time to time. But are you aligning your goals to your values or someone else’s? Olivia and guest, Matt (AFC® Candidate), present four simple yet power-packed habits will be the swift kick in the budget you need to discover where your money’s really going, what (or who ) needs to change, and how to maintain. Assessment Tools: https://www.consumerfinance.gov/...

Olivia addresses the 5 elephants in the room when it comes to couples and money. Olivia incorporates the writings of David Bach, author of Smart Couples Finish Rich . “It doesn’t matter if you love your spouse or partner more than anything in the world. If the two of you have conflicting values about money and make financial decisions that fail to accommodate each other’s feelings about the subjec...

Olivia continues discussion on investing beyond your 401(k), applying FINRA’s four key principles of investing: 1) be informed; 2) be prudent; 3) be diversified; 4) be consistent. Olivia and Matt help you assess whether you’re ready to invest beyond the 401(k) and take a second glance at what nontraditional investments can increase your net worth and overall wellbeing. Guest contributor, Matt Zayd...

Olivia encourages you to think about investing beyond your 401(k), using FINRA’s educational platform as a rubric. Olivia and Matt help you understand the differences in saving vs. investing, active vs. passive investing, generational differences, risk tolerance, and whether you’re ready to invest beyond the 401(k). Guest contributor, Matt Zayd, is an Accredited Financial Counselor® candidate. If...

A disabling sickness or condition in the family (or extended family) can create financial and psychological distress. Olivia validates those fears, offering tools and buffers to prevent or mitigate caregiver burnout. Guest contributor, Matt Zayd, is an Accredited Financial Counselor® candidate. If you are a Redstone Arsenal military member, retiree, DoD civilian, veteran with base access, or famil...

Two therapists help you examine how you THINK with money, which impacts how you feel and ultimately behave with money. The top 10 cognitive distortions that plague our everyday thinking are generalized to money. In this episode, you will be given the tools to challenge the distorted financial thoughts with several evidence-based techniques. If it works in the clinical session, it can work in the f...

Two therapists help you examine how you THINK with money, which impacts how you feel and ultimately behave with money. The top 10 cognitive distortions that plague our everyday thinking are generalized to money. In this episode, you’ll be challenged to assess your most common distortion. “I’m always broke.” “I’ll never be good with money.” “I should be saving 30%.” “Paying down debt feels hopeless...

May is Mental Health Awareness month. In part 1 of this 3-part series, 2 therapists help you examine how you THINK with money, which impacts how you feel and ultimately behave with money. The top 10 cognitive distortions that plague our everyday thinking are generalized to money. Learn how to map your cognitive constellation and hear how it can impact the view of your financial self, world, and fu...

Whether you’re 30 years or 30 days from retirement, this 3-part book-review series will prepare you what Olivia calls a F.A.B. Retirement. She wants you to have the F inancial, A ffective, and B ehavioral skills to prepare. Most employees are aimlessly wandering toward retirement. Without true direction, you’ll likely end up somewhere you didn’t want to go. Following the book by Mitch Anthony, The...

Whether you’re 30 years or 30 days from retirement, this 3-part book-review series will prepare you what Olivia calls a F.A.B. Retirement. She wants you to have the F inancial, A ffective, and B ehavioral skills to prepare. Most employees are aimlessly wandering toward retirement. Without true direction, you’ll likely end up somewhere you didn’t want to go. Following the book by Mitch Anthony, The...

Whether you’re 30 years or 30 days from retirement, this 3-part book-review series will prepare you what Olivia calls a F.A.B. Retirement. She wants you to have the F inancial, A ffective, and B ehavioral skills to prepare. Most employees are aimlessly wandering toward retirement. Without true direction, you’ll likely end up somewhere you didn’t want to go. Following the book by Mitch Anthony, The...