Our relationship with money is emotional

Our relationship with money is emotional

Money is so much more than dollars and cents. Our relationship with money is emotional. Hopes and fears, guilt, and shame can all play a significant role in our financial life.

And those feelings can be tied to lots of things: our upbringing, our environment, and all the money messaging in the world and the media.

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Emotions, Money, And What It Means To Be 'Financially Whole'

npr.org

MORE IDEAS FROM THE ARTICLE

Financial wholeness happens when all aspects of your financial life (budgeting, savings, debt, credit, learning to earn, investing, insurance, net worth) are working congruently for your greatest good, your biggest benefit and your richest life.

It doesn't matter how much you make. Financial wholeness can be achieved by everyone. It is just a holistic view of what to do with my money and how to maximize and make the most of it.

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Before spending money on something, ask yourself: Do I need it? Do I love it? Do I like it? Do I want it?

  • Needs relate to: food, shelter, clothing, water. Things you must have to maintain your health and safety. 
  • Loves will continue to give you joy six months to a year from now. 
  • Lkes give you temporary joy, in under six months you might not remember. 
  • Wants are fleeting.

Take care of your health and safety and loves that give you lasting joy, and less money toward likes and wants. The more money you spend on likes and wants, the less money you have for needs and loves.

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  • You can't break something that you don't acknowledge and see. Ask yourself: what is the habit that I'm seeing in myself?
  • Explore where it came from. 
  • Practice in a safe environment.

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RELATED IDEAS

We don't really need massive amounts of money to live a happy life.

A good level of freedom and self-confidence can be attained by a relatively small figure of money.

We can take the middle path, doing things that we enjoy, carving a decent earning while attaining an enviable work-life balance.

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Money and Confidence are Interchangeable

mrmoneymustache.com

“Success” isn’t just having lots of money. 

Success is continuously improving who you are, how you live, how you serve, and how you relate.

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23 Smart Ways To Increase Your Confidence, Productivity, and Income - Medium

medium.com

Measure your expenses

Take a hard look at how much you are spending day to day. Every time you spend money, write it down as it happens in a little notebook or log it into an app.

Alternatively, use the envelope method. Make an envelope for each of your non-fixed expenses, like groceries, clothes, entertainment and budget a certain amount of money for each envelope. When an envelope is empty, you have no more money to spend until the following month.

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It's About Time You Stop Wasting Money

listenmoneymatters.com