All of us have a complex relationship with regards to money. How you acquire, spend and manage money is largely due to two factors: the nurturing you received during childhood about money and values, and the way you organized this information in your mind. At each end of the spectrum is financial insecurity. On one end, you might be extremely frugal and concerned with the relative deficiency of your means, on the other, you might be very irresponsible. The way that each of us processes and organizes money messages and also the ways wherein we model money behaviors is unique. Even individuals who are raised in the same household don’t necessarily have the same opinion on money or relations with money.
Even though you might develop your financial style early, it can change with time or due to circumstances. It isn’t uncommon for somebody who is undergone significant life change to adopt a very different relationship with money. Our personal relation to emotional interaction with money is probably the most crucial relationship in the life of a person, because it plays an important role in physical, emotional, financial and overall well-being.
The thoughts and emotions regarding your financial circumstances shape your attitudes and beliefs about money and unite to create your relationship with it. Money relationships are complicated: this is why so many individuals struggle with them. These elements shape your attitudes and beliefs about money and unite to create your relationship with it.
A simple way to start to evaluate this complex issue will be to identify a word that best describes how you feel about your financial circumstances. Are there words that describe how you feel about money? For example, words like hopeless, pessimistic, or indifferent versus positive, or confident. Next, list the top numerous reasons why you chose your particular category. Those numerous reasons uncover main areas most in need of attention when starting to work to improve your financial future.
To set yourself up for future financial stability, financial well-being requires a healthy relationship with your money. If you treat your money right, your money will treat you right. Just like in a personal relationship, if you nurture, value and appreciate the other person, they will be there for you when you need them, give more of themselves to you. But, if you neglect, abuse and don’t value them, they won’t be there for you and eventually they’ll leave you. Think of money the same way.
Treat it right and you’ll have more of it, but don’t treat it right and just like that person, even money will leave you……broke! Your relationship with your money provides the basis for your money habits. It is only by knowing and understanding the thoughts and emotions on money and what money represents to you, that you’ll be in the position to develop a healthy relationship with it for the future. Take care of your money and your money will take care of you!
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