The psychology of money

How does money make you feel - stressed, anxious, happy, excited, empowered? All these feelings are normal and we all go through them. Although we often associate money with spending, saving and planning for the future, money is more than just that. Money is also psychological! Our emotions and behaviours towards money today are deeply rooted in our childhood and family influences.

The key to a healthy and positive money mindset is self-awareness. So the next time you find yourself in a negative space with money, follow these three steps: 

  1. Acknowledge and accept the facts. The hardest step as it is requires us to stop avoiding and procrastinating. 

  2. Practice gratitude. Hands down, THE quickest way to change your focus from negative to positive. 

  3. Flip the script. This is where we take action. Set some goals - big or small, just make it happen!

Tell me in the comments below what emotions and behaviours come up for you when you deal or think about money. What childhood or family experiences influence these responses? What are you going to do about them?