5 Good Cash Behaviors – How do You Rate?

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by Carrie Rattle

5 Good Cash Behaviors – How do You Rate?

Sarah Fallaw is CEO of Data Points, and also the daughter of Thomas J. Stanley, author of The Millionaire Next Door. I’m a fan of hers, and I have lived my life by that book. For anyone who has worked in a company where you have a job description, Sarah has come up with a brilliant, simple job description for managing our everyday cash.

5 Good Household Cash Behaviors

  1. Social Indifference

The more you care about what people think of you, and the more time you spend on Facebook/Instagram etc. getting “likes”, the more you will spend cash based on peer pressure.

HOW TO CHANGE: Define your own dreams instead of following others.

  1. Conscientiousness

Means paying attention to details, sticking to a spending plan and doing what you say you will. No exceptions, no special rules, no letting yourself off the hook.

HOW TO CHANGE: Start with small rules, like paying cash for everything under $50.

  1. Focus

Means keeping your eye on your goals.

HOW TO CHANGE: Set aside time to review your money regularly – as in once a week or once a month, not once a year.

  1. Empathy/Agreeableness

Is the ability to work through issues with your partner by understanding their needs and wants as well as your own.

HOW TO CHANGE: Understand their money beliefs and family money history.

  1. Financial Literacy

Is the ability to make financial decisions that contribute to your financial well-being by having the necessary tools and understanding. Click here for basics.

Having these behaviors means you exhibit them most of the time.  How are you doing so far as Chief Household Cash Manager?  Stay tuned for the final 5 behaviors in my next blog.

Your Personal Money Coach


Information shown is for illustrative purposes only and is not intended as investment, legal or tax planning advice. Please consult a financial adviser, attorney or tax specialist for advice specific to your financial situation. Behavioral Cents, LLC and any third parties listed, linked to or otherwise appearing in this message are separate and unaffiliated and are not responsible for each other’s products, services or policies.

Carrie Rattle is a Master Money Coach & Founder of Behavioral Cents. She is a 30-year veteran executive of financial services. Behavioral Cents helps women achieve independence, freedom, and a bigger voice in the world. With a fatter bank account women can confidently walk away from a bad job, build a business to change the world, or live their own dreams. We work in a private, non-judgmental atmosphere with a program tailored to change your money behaviors for the better – without deprivation. Thoughts always welcome: carrierattle@behavioralcents.com



  • Carrie Rattle

    Carrie Rattle is a North American money behavior specialist and veteran financial executive, with multi-country experience in banking, brokerage and credit card practices. During her career, Carrie witnessed heart-breaking events where women had their freedom restricted, got into heavy debt, or had to commit fraud to get out of a terrible situation. Lacking the funds to have choices and independence destroyed their lives. Carrie built Behavioral Cents to help women write happy endings to their money stories. Financial knowledge is a start but does not always guarantee success. Understanding individual money beliefs and nurturing behavior change provides a more powerful path to truly help people align their money with their life’s dreams. Learn more at http://www.behavioralcents.com/

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