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Money, Emotion and the Monetary Blueprint

By Ivy H. Menchel

As we discussed last month, money attitudes are deeply ingrained in all of us, based on our cultural and psychological backgrounds. The effects of these traits on decision-making during the divorce process should not be underestimated.

Professional engagements with clients should begin by asking them what is most important to them. In recent years, I find myself spending more time trying to understand what money truly means to the particular individuals in front of me: who they are, from a fiscal perspective. Their history, beliefs and behavior make up their monetary blueprint and will significantly impact the processes we will go through together.

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