PODCAST: Identify Your Money Archetype and Take Control of Your Financial Future

Carrie Casden is a business manager, Certified Money Coach, and the founder of Summit Financial Management. She joins Stacy Francis to discuss the eight money archetypes and how to identify them, becoming the driver on the road to financial security, and how to spend wisely.

• Your money archetype is the facet of your personality that involves your relationship with money. The money archetypes are: the innocent; the victim; the martyr; the warrior; the fool; the artist; the tyrant; and the magician.
• Carrie has observed that the divorce process often triggers a breakdown in women’s lives. She recommends employing a financial coach as well as an attorney so you can make informed decisions about your financial future and feel more in control.
• Parents should not try to buy their children’s affection during divorce. “Children need love,” Carrie says. “The majority of what they need is free and our guilt does them a disservice. When we get divorced and feel guilty, they need more love, not more stuff.”
• Parents should be open and honest with their children about money and their needs, but not burden them with the details of potential financial distress.

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