Handling money isn’t just about learning the dos and don’ts. It’s more about our inner feelings towards cash. Weirdly, these emotions can sometimes make us do odd things with our cash. Dr. Alex Melkumian thinks that to really get a grip on our finances, we need to first grasp these deep-rooted emotions.
Another pro in the field, Dr. Bradley Klontz, coined the term “money scripts” for these emotions. Think of them as silent money rules we’ve always had but never realized.
Here are a couple of these “money scripts” to ponder:
- Money Avoidance: Some people get antsy about having a lot of money. They might associate wealth with negative traits. Because of this, they might shy away from money matters. Klontz’s advice? Look at kind-hearted rich folks and notice the good they do with their wealth.
- Money Worship: This is when you believe that cash holds the answer to life’s happiness. More money equals a better life, right? But here’s the twist: Money can’t purchase every type of happiness. Klontz’s tip? Focus on stuff that truly sparks joy, not just the stuff that’s pricey.
