Psychology of Money: Your Beliefs About Money Can Impact how you Manage it

Have you ever spent money on something you knew was stupid, silly, or ill-advised? Have you ever known what you “should” do with your money, and then not done it? Do you procrastinate about important financial decisions, afraid you’ll make the wrong move? And then beat yourself up about it?

Here are two pieces of good news. You’re normal. And these are issues that can be solved.

We all have beliefs about money. Many of those beliefs were formed when we were young, maybe before we even knew what money really was. Sometimes those beliefs get in the way of our financial peace of mind.