You can have a healthy relationship with Money
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By Bromwich+Smith Staff | 505 words | Reading Time: 2 minutes and 31 sec | Date: 2022/02/10
February is the month of love and with that comes reflection on our relationships. One of the more challenging relationships for many of us can be our relationship with money.
Money occupies an enormous amount of space in our brain that is very similar to the way food, movement or work can. Many of us may have a relationship with money that isn’t good. Consider your thoughts, reactions or emotions that occur when the topic of money comes up. How does it make you feel? Is there a recurring pattern of thoughts that arise? When our relationship with money is unhealthy you will be triggered by words like; budget, debt, or finances. These patterns and feelings are telling you that your relationship with money is not a good one. A healthy money relationship is honest, transparent and leaves you feeling confident and satisfied.
We don’t believe anyone is bad with money, but we can definitely have unhealthy relationships with money. An unhealthy relationship with money is different for everyone, however, generally speaking it is about experiencing a sense of powerlessness over money. Which can manifest itself as financial anxiety or financial shame.
If you are feeling these feelings when you think of your money relationship it's time to start taking steps to transform it.
Five steps to change your relationship with Money
- Assess your current relationship with money. If you aren't sure, we recommend taking note of your thoughts and feelings when interacting with money or financial tasks. Knowing where you are now can help with where you want to be.
- Identify what a healthy relationship with money looks like for you. You may feel that a good money relationship for you feels confident and calm. Ultimately, it's thinking about how you want a healthy relationship with money to be.
- Decide what healthy financial thoughts or practices you want to adopt. Does looking at your bank account weekly feel like a healthy financial habit? What about starting your day with a mantra like, "I'm confident enough to understand money."?
- Create a plan to implement changes. Create small, manageable steps to get there, and practice at a cadence that works for you, be it daily, weekly, or monthly.
Taking these steps will get you on the right track to building a relationship with money that is healthy and sustainable. Enabling you to be in charge of your finances instead of worry and fear dominating your decisions.
We also want you to know you don’t have to go at it alone. We have many resources available to you at Bromwichandsmith.com which include our informative blogs, our budget planner and debt calculator. We also have partnered with Cacheflo who offers a free monthly webinar as part of their Financial Capability Series - register now!
Remember, we’re here for you. At Bromwich+Smith, we offer an initial free, no obligation, confidential consultation by phone 1-855-884-9243 or video. You can also request a call back at our contact us page. Feeling safe and secure financially rebuilds your worth and sustains your personal prosperity and self-confidence.