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Money is not a fixed entity. It is a complex of data points, challenges, and opportunities you encounter and have feelings about. Your decisions about money affect your emotions and behavior.
There are three factors you need to know about the psychology behind your relationship with money:
The most important emotions about money to become aware of are fear, guilt, and shame. Without awareness, these emotions will interfere with your rational thinking.
Other emotions that influence your handling of money include envy, greed, and over-excitement.
Mental health problems can have a significant effect on your finances.
All families have their own psychology of money: what they can talk about, who should be in control, how important money is.
You may have experienced subtle pressures to correct the injustices perpetrated or suffered by previous generations. You may feel internal pressure to go against the family money mentality, or you may the first in your family to succeed and may want to give back to the family while neglecting your own financial needs.
Emotions can be useful. They tell you what matters to you.
Mild anxiety is motivating for example. Harness your emotions to attend to what you need to face.
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