Lifetime Book Club: Mind Over Money by Claudia Hammond

Welcome to the Lifetime Book Club - this month, we’re exploring the fascinating connection between money and psychology with Mind Over Money by Claudia Hammond. If you’ve ever wondered why you make certain financial decisions - or found yourself repeating money habits you wish you could change - this book is an eye-opener.

Why We Love It

Money isn’t just about numbers; it’s deeply emotional. Mind Over Money dives into the psychology behind our financial behaviours, helping readers understand why we spend, save, and invest the way we do. Through real-life studies, behavioural experiments, and engaging storytelling, Hammond unpacks the hidden forces that shape our relationship with money.

What makes this book stand out is its balance between research and practicality. Hammond doesn’t just explain why we behave irrationally with money - she also provides actionable insights on how to make better financial choices.

Key Takeaways

1. The Power of Early Money Lessons

Many of our financial habits are formed in childhood. Recognising these early influences can help reshape the way we think about spending and saving as adults.

2. The Influence of Emotion in Financial Decisions

Fear, excitement, and even guilt can impact how we handle money. Understanding these emotional triggers can help us make more rational financial choices.

3. Why We Struggle to Save

Hammond explains why short-term gratification often wins over long-term savings - and how small changes in mindset can make saving easier.

4. The Science of Spending Happiness

More money doesn’t necessarily mean more happiness. The book explores how spending on experiences, giving to others, and making mindful purchases can lead to greater life satisfaction.

5. How to Rewire Bad Money Habits

By understanding the biases and mental shortcuts we take with money, we can reframe our thinking and build healthier financial habits.

Why You Should Read It

Mind Over Money is the perfect read for anyone looking to understand their own financial behaviour and take control of their money mindset. Whether you’re a saver, a spender, or somewhere in between, this book offers powerful insights to help you make smarter, more confident financial decisions.

At Lifetime, we believe financial wellbeing isn’t just about having more money - it’s about having the right mindset to use it wisely. This book is a great step toward mastering both.

So, if you’re ready to unlock the psychology behind your financial choices, Mind Over Money is a must-read!