Why Do We Respond to Money the Way We Do?

Take a second to stop and think about how you view money and why. Where did you first learn about money? What was it you learned? When you were young, did you learn that there was never enough money for your family so now you work and work to hoard because you are still afraid there will never be enough? Do you feel like you have to be in control of your family’s budget so that you can make sure there is enough money in the bank? Or did you come from a family where there was always plenty, so you don’t have a problem with laying down money whenever you feel the urge to spend, even if your spouse is horrified by this?

We all learn different things about money. And very often the way we react to money or the way we behave in regards to our finances is tied to our emotions dealing with money, often emotions we learned very early on. Does this mean that because Jane had a certain childhood that she can never change her spending habits and will end up sinking further and further into debt her whole life? No, not at all. Knowing what emotions we have and why we have them is the first step in being able to make necessary changes so that we can be successful with money. You’ve heard the saying that “knowing is half the battle.” How true this is! When we know why we act a certain way or why we respond to money with certain emotions, then we can figure out how to make adjustments in our lives. And we can try to start reacting to money with our minds, not our feelings. When we are able to step out and think logically about our finances, including our purchases and plans for the future, we will be much more successful than if we continue to rely on our feelings to get us through.

It can be difficult to sit down with someone and talk through your life to figure out why you handle finances the way you do today. It can be scary or embarrassing, or confusing. But once you go through the process, your life can change dramatically. You can start to free yourself from old conceptions and debts as you begin working on getting to a place of financial freedom. What a wonderful journey that can be! So don’t be scared to call on iMoneyCoach to help you tackle these issues. Saying it is worth it is an understatement. This is something you can do for yourself that will last a lifetime.

Tags: money, response to money