Our relationship with money - Deepstash
The Psychology of Money

Learn more about psychology with this collection

How to develop a healthy relationship with money

How to create a budget

The impact of emotions on financial decisions

The Psychology of Money

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Our relationship with money

Our relationship with money

It’s worth thinking about money as something with which you have a complex relationship. Your money is not a fixed entity, but rather a complex of data points, challenges, and opportunities you circle around, interact with, and have feelings about.

You make decisions about money that impact your financial situation and these impacts in turn reciprocally affect your feelings and future behaviors. And it’s a relationship that evolves over a lifetime.

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Psychology of money: 3 key things

Here are three key things to know about the psychology behind our personal relationships with money:

  • Emotion plays a huge role.
  • Anxiety and avoidance create a vicious cycle.
  • Psychologically, you can’t entirely escape your family and your past....

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Every family has its own particular psychology of money

What can be talked about, who should be in control, what money responsibilities are assigned to what gender, how important money is or is not.

Additionally, there are always stories about money that are part of a family’s identity.

Maybe a serial entrepreneur grandfather...

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Mental health and mental illness

Mental health and mental illness

  • Excessive use of alcohol or other substances leads to poor judgment, inattentiveness to finances, employment jeopardy, and secretiveness.
  • Depression can cause careers to stall or even job disability. Depressed people are often unable to face financial responsibilities because of a la...

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Examples of shameful feelings related to money

  • I don’t have enough money.
  • I’ve avoided thinking about finances.
  • I’ve avoided doing what I’m supposed to do about finances (creating a safety net, planning for retirement, sensible budgeting).
  • I’m really ignorant about all of this.

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How to harness money emotions

How to harness money emotions

  • Emotion isn’t all bad. It tells you what you’re passionate about, and what really matters to you. It makes you feel alive.
  • Anxiety isn’t all bad either. Mild to moderate levels of anxiety are motivating. Harness them to tackle what you need to face and know that you will feel better...

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Psychology of money: Emotion and money

Psychology of money: Emotion and money

The most important emotions in relation to money are fear, guilt, shame, and envy.

  • Common fears include the fear of not having enough, the fear of looking stupid, the fear of provoking envy, and the fear of being exposed or humiliated.

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CURATED FROM

CURATED BY

apron

Recruitment consultant

The psychology of money: understanding that no one is entirely rational when it comes to money.

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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 psych...

Your EQ And The Relationship With Money

Your EQ And The Relationship With Money

  • EQ means emotional intelligence, our ability to understand emotions and handle them without letting them overpower us.
  • EQ is a powerful social skill that helps us recognize, understand and distinguish the feelings of ourselves and the people around us.
  • Money EQ is...

Your relationship with money

The idea behind kakeibo is to help you understand the relationship with money by keeping a ledger with all incoming and outgoing transactions.

The difference from other budgeting systems is that kakeibo emphasizes the importance of physically writing things down as a way to observe your ...

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