What is my Money Script?
Money is an essential part of our lives. Our beliefs and attitudes towards it can have a significant impact on our financial decisions and our well-being. Dr. Brad Klontz, a financial psychologist, has identified four main money scripts that people tend to follow. In this post, we'll explore these money scripts and how they can impact us financially and psychologically.
What are the different types of money scripts?
Money Avoidance : Money avoidance is a money script where people tend to believe that money is inherently bad or evil. They may feel guilty or anxious about having money or spending it. They may also avoid thinking about money or managing their finances, which can lead to financial difficulties.
If you have this money script, it's important to acknowledge your feelings towards money and work on changing them. You can start by creating a budget and setting financial goals for yourself. This will help you manage your finances and feel more in control of your money.
2. Money Worship : Money worship is a money script where people tend to believe that money will solve all their problems and bring them happiness. They may become overly focused on making money and spend it impulsively, leading to financial problems.
If you have this money script, it's important to recognize that money alone cannot bring happiness. It's essential to set financial goals and develop a plan to achieve them. This will help you prioritize your spending and avoid impulsive purchases that can lead to financial difficulties.
3. Money Status : Money status is a money script where people tend to use money as a way to measure their self-worth and social status. They may believe that having money and material possessions is a sign of success, and they may feel inferior to others who have more money or possessions.
If you have this money script, it's important to recognize that your self-worth is not based on your financial status. It's important to focus on your own financial goals without comparing yourself to others. Developing a plan to achieve your financial goals and regularly tracking your progress can help you feel more confident and in control of your finances.
4. Money Vigilance : Money vigilance is a money script where people tend to be highly vigilant about their finances and are often frugal and careful with their money. While this can lead to financial stability, it can also cause stress and anxiety about money.
If you have this money script, it's important to find a balance between being vigilant about your finances and not becoming overly stressed about money. Developing a budget and setting financial goals can help you manage your finances while also reducing stress and anxiety.
Talk to a New York therapist about your money script today!
Understanding your money scripts is essential for achieving financial well-being. By identifying and addressing your money script, you can develop healthier attitudes and behaviors around money. If you're struggling with your finances, consider reaching out to a financial therapist.
Individual therapy can offer added support when exploring your money script and financial goals. Our clinicians can also help with anxiety, stress, and self worth.
Getting started with our New York City therapy practice is simple:
Meet with a skilled financial therapist
Begin feeling more grounded