How bad is commuting for your mental health?

Many of us acknowledge that the journey to work is a real drag, that arduous commute, changing from 1st gear to 2nd, or jammed into a stuffy bus or tube train.  That is no way to make you feel uplifted and positive about the day to come – far from it!

How has commuting changed?

According to research by the University of West of England (analysing 26,000 people over 5 years), not only has the commute time increased by 25%, but 1 in 7 spend more than 2 hours commuting every day – that is 10 hours a week!

What is the impact of commuting on your mental health

An increase in stress and worsening of mental health for workers (not to mention the impact that then has on their families).  There are of course only 24 hours in each day – so choosing how to spend them is a very important task indeed. Continue reading “How bad is commuting for your mental health?”

What should I teach my children about money ?

‘Parenting & finance’, ‘pocket money’, ‘treats’, ‘can I have’, all things which crop up frequently once you have children.

You may think that children only hear and see what we want them to, however, how many times have you listened or watched them playing, and thought ‘oh my – that sounds just like me’ or even more shuddering sometimes ‘wow, they sound just like my parents’.

Where do our children learn their money habits ?

Most of us, and our children may have learned these lessons about money from our role models (Mum and Dad), and so the cycle goes on.   Continue reading “What should I teach my children about money ?”

How easy is it to save money?

Is saving money just like losing weight?

Well there is a question – and in short, yes – the principle is the same, and here is why…

How do most people go about losing weight?

Generally, people start by getting good idea of how heavy they are, figuring out where they want to get to, and start to monitor their progress. The progress is made by changes to behaviour, an approach of what is consumed, and how much energy is spent.

Is saving and weight loss just about will-power?

A disciplined approach to weight-loss is something many of us recognise, and in a way, is no different to how perhaps you should approach a disciplined structure to money management.

Discipline and structure is how to save

By figuring out how much money is needed to be saved, how the budget needs to be trimmed, or a particular financial focus is needed, you have the equivalent of a weight-loss goal.

Awareness of consumption is important

Follow this up with a mindful and intentional structure and monitoring of expenditure, the spending behaviour may well change (just like by eating apples instead of cakes for example). Less money is consumed (like less food), and perhaps less is spent (or at least spent in a more intentional manner).

Do I need a support group or mentor?

A sustained, monitored and coached approach is of huge benefit for many people with regards their finances in order to avoid the monetary equivalent of yo-yo dieting, yet it doesn’t seem to be widespread.  People happily spend over £4 a day on take away coffee, and another £6 on lunch, yet many would baulk at the idea of paying to be coached around their money.

Do people pay for financial coaching?

A good number of our Serenity clients around the UK, although they have accumulated wealth, may have done so by accident (through an inheritance perhaps, or even having it retained within their business), yet still need significant ongoing support and coaching to retain their understanding and reality of money. This is the value our clients find in our relationship with them – and that is what it is, a relationship with our clients, not their money.

Do I need investments to have financial coaching?

In fact, more and more people are now paying for financial planning, coaching and support and not even having investments in place.  Instead, they see the real value in changing their habits and being supported on a regular basis to keep them moving towards their goals.

That is what matters most – people arriving at their goals, and sustaining them.

Together we can bring some Serenity to your life