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Family and childhood influences of 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.
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The psychology behind money
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...
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3.67K reads
Harnessing money emotions
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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Emotion and 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.
- Common fears include fear of having too little money, fear of looking foolish, fear o...
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1.99K reads
How mental health influences your finances
Mental health problems can have a significant effect on your finances.
- Excessive use of alcohol leads to poor judgment and inattentiveness to finances.
- Depression can cause a loss of employment. People with depression also lack energy and a ...
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2.12K reads
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