Please stay tuned for important disclosure information at the conclusion of this episode.

Welcome to a special episode of Investing Insights.

I'm your host, Ivana Hampton.

Many people have made resolutions to create a financial plan this year.

Morningstar, Inc. Director of Financial Psychology,

Sarah Newcomb talked about how to rethink budgeting and overcome overspending in last week's

episode. So check out part one in case you missed it. Part two focuses on another way to improve

your financial health. How to Stop Fighting About Money. Here's the second part of our conversation.

All right.

So now there's discussion you brought up earlier that our financial habits, our histories, come with us, wherever we go to the store.

What kind of financial habits or histories do we tend to bring into relationships? Well, so each one of us

has a whole financial narrative that we're walking around with and we think that it's just the

truth with a capital T. And so you have two people sitting down to work on a budget or two people approaching

their financial lives.

And each of them is a whole collection of different beliefs and attitudes and experiences

with money.

And yet we don't, we're not conditioned at all to talk about these things.

It's most pronounced when you have people coming from different

class backgrounds into a relationship. But even people who grew up in the same socioeconomic

situation can still have very different attitudes towards money depending on the examples that

they've seen, the situations that they've been through. And so understanding that your personal history is walking around with you and your attitudes

and beliefs about money are a perspective.

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