Introduction

In this, the week of World Health Day, we are all encouraged to think of our physical health. How many green vegetables do we eat? Do you take regular exercise? How many hours of sleep do we get? Of equal importance, however, is the health of our mindset. In this blog, I wanted to focus your mind on your relationship with money.

Why Money Health Matters

It is no secret that money matters can cause stress, tension, and anxiety. Financial worry can cause lack of sleep, put pressure on our relationships, and affect our self-image. If not addressed, it can lead to depression and other mental health issues. Assessing your money health is crucial for overall well-being.

Identifying Unhealthy Money Behaviors

The first step in having a healthy money relationship is to be aware of our current behaviors. Only by understanding where we are now can we take action to gain a healthier money attitude. Here are three types of unhelpful money behaviors:

1. Resistance Behaviors: These include denial of money issues, abdication of responsibility for money to someone else, avoiding spending out of fear or guilt, and not feeling worthy of the money you have.
2. Adulation Behaviors: These include the expectation that money will affect random events, a reluctance to spend money, or excessive risk-taking, especially to compensate for the past.
3. Interpersonal Behaviors: These include keeping secrets from people about money situations, a fear of financial education or planning, the belief that others will take care of money matters, or relying on them for financial assistance.

From time to time, we all experience some of these behaviors. However, it becomes concerning if these patterns are frequent or habitual.

Steps to Improve Your Money Health

1. Self-Assessment: Download and complete the money health survey to understand your current relationship with money.
2. Seek Education: Learn about personal finance to make informed decisions.
3. Set Goals: Define clear financial goals and create a plan to achieve them.
4. Build Healthy Habits: Practice budgeting, saving, and mindful spending.
5. Seek Support: Talk to a financial advisor or join a community that supports financial well-being.

Personal Anecdote

I once struggled with resistance behaviors, often avoiding money discussions out of fear. By educating myself and seeking support, I transformed my money health. Today, I feel more confident and empowered in my financial decisions.

Take The Money Quiz

Ready to uncover the secrets of your financial personality? Take our Money Quiz today and gain valuable insights into your relationship with money. Understanding your Money Archetype can empower you to make smarter financial decisions and navigate your financial journey with confidence. Click here to take the quiz and start transforming your financial future now!