Having a relationship with money can be just as complicated. It can present problems in your life if you don’t know how to handle your finances properly. At some point, you need to realize if it’s affecting you and your human relationships as well. You can begin to assess the one you have by looking at how you express your positive emotions when you’re in a relationship. In a way, it can reveal something about yourself as well.
The following are some of the ways on how you can evaluate your behavior towards your finances.
- Your Inherited Beliefs About Money From Parents
Your parents or guardians may be the primary influences in your life while growing up. Children may often hear or witness how the adults in their lives handle daily finances, and they pick up beliefs and habits as they grow up. Those close to their parents are likely to learn money-saving tips and investing ideas to achieve financial wellness. These lessons are also called money scripts which you can learn from other people. If you can recall what money was like as you grow up, from your parents and the lessons you were taught, you can trace the formation of your financial thinking.
- Take A Test To Determine Your Financial Relationship
Financial websites online can help you determine how you look at certain situations related to money. As mentioned, each individual has money scripts or lessons learned throughout life. They’re a combination of income, debt, and decision-making, among others. Taking a quiz may help you identify a core belief or a mix of views. You can even challenge your family members to take the quiz to help them identify their thoughts as well. It may help a household, especially if multiple people are making financial decisions under one roof.
- Based On Important Events
A person’s overall experience with money can change depending on the circumstances that happen throughout their lives. A financial style may develop early on or later in life, and it can be shaped by various events that can affect how you deal with issues related to your finances. People can experience both extraordinary and traumatic instances that can instantly change how they deal with money.
For example, if you’ve been in an accident that almost took your life, you may start spending more because you suddenly believed that life is too short. Married couples who are beginning to plan a family or a person fresh out of college may want to own a business and, therefore, start saving.
People who invest or save for the long term to buy a condo for retirement will acquire various strategies. They would develop a plan and stick to their decision until they get what they want. At the same time, they’ll make adjustments once they’ve made a financial decision.
- How You Feel About Money-Related Activities
Some people don’t think much about handling money and seeing it as an object to get what they want or need. It’s a sign of a bad relationship with money, just like how you would treat the people in your life. Emotions affect how you behave towards any relationship. How do you feel about the following activities?
- Do you feel worried, resentment, or a sense of lack when grocery shopping, paying bills, and debts?
- Are you comfortable when people talk about money?
- Do you feel happy, embarrassed, or uncomfortable when you receive a gift of money?
- Are you glad to have enough money to pay for unexpected expenses or annoyed because you have no choice but to pay out of necessity?
- How do you feel about wealthy people and those who have little to spare? Do you have any negative feelings for their situation, such as guilt or jealousy?
Answering these questions will help you know how you feel about the things that are related to money. Having a good mindset will help you improve your relationship with money.
- Wealth Mentality
Most people might think that it’s all about investing and getting rich, but it’s actually about how much a person needs to feel secure. A personal pursuit of acquiring wealth can affect your relationship with money. Do you work hard and spend overtime to get extra pay? Are you working two to three jobs? Is your job position require little work for more income? And then some break the law to get the money they want.
Depending on how one gets their money also depends on how they tend to hold or let go of it in a wink of an eye.
Your relationship with money is a mix of inherited and personal beliefs. It also reveals more about you. It’s essential to take the time to reflect on how your behavior towards money is affecting you so you can work towards solutions to self-defeating patterns. Repeated incurring debt, the inability to save and prepare, and mindless spending are negative behaviors towards money. The first step to healing yourself off of the following is to admit that you have a problem that needs to be addressed.