Now is the Time to Assess Your Relationship to Money

Well we are no doubt in the midst of a recession and a phase of tremendous change. Now is the time to evaluate how you relate to money.

Our emotions are closely tied to money and consequently behaviors and habits.

Here are some questions to consider:

What is your personal definition of Money?
How is money is directly tied to your happiness or fulfillment?
What did you learn from your parents or role model(s) about money at the age of 6, 12, 24?
What habits do you see that originate from your childhood?
When you are upset, do you find yourself saving or spending? Typically how long does the saving or spending last – hint, how long do you stay in upset? How fulfilled do you feel and for what duration from saving or spending?
When you are out with friends, how do you negotiate the bill?
When someone close to you (family member or loved one) offers to pay you for something you did for them or purchased for them, do you take the money with gratitude or do you say no?
What reaction or response do you have to commercials or advertisements for something that interests you?
Given the opportunity to purchase an item brand new AND to purchase the same item lightly used, what is your preference?
When watching/reading the news or listening to people discussing the current financial climate (personal or global), how do you feel, react, respond?

These are a few questions that when answered authentically will guide you to see whether your relationship to money is one that works for you or not. This is a very different angle to evaluate how money affects you and where to make some habitual, behavioural, and emotional shifts to create a healthy relationship to money. We will dissect each of these questions with me as the lab rat..so let’s play together!