How to improve my relationship with money

When we talk about health and well-being, we think of exercising, following a diet with foods rich in nutrients, getting enough sleep, etc. We don't usually think of money as a factor that influences our health. But financial wellness is a component of overall wellness. If money occupies a large part of your worries and is a source of stress and anxiety in your life, try identify problem behaviors related to money and create solutions to build a relationship healthier.

Financial health is about having a conscious and determined relationship with money that is satisfying and does not cause too much stress. "How to improve my relationship with money"It is a question that arises to us on many occasions, in this Psychology-Online article we will give you the best tips and tricks.

Index

1. What does it mean to have a good relationship with money?
2. Signs of a bad relationship with money
3. Ideas and tips to heal your relationship with money

A good relationship with money includes:

• Spend money based on your values
• Have no or few reasonable debts
• Save money for certain goals
• Have money saved for possible emergencies

We must bear in mind that our current relationship with money is influenced by our childhood, at which point we develop our money scripts, that is, our beliefs about the money based on direct experience, family histories, and parents' attitudes toward the money.

Some signs that may indicate that you do not have a good relationship with money are:

1. Your financial situation does not improve

An indicator that your relationship with money is not adequate is that at the end of each month your financial situation is the same, or worse. Despite trying to change it, it becomes a consolidated habit. In this case, it is not a question of money, but a behavioral one, that is, a series of behaviors related to money have been consolidated.

2. You avoid making plans for the future

You don't have a long-term plan with your money. People can make up excuses to justify themselves. For example: saying that you have no money, that you will solve it later, there is time, etc.

Something that is not a good sign is when faced with the option of starting to save for various reasons such as retirement from work, person says he's too young, I'll do it... That procrastination is an indicator that your relationship with money may not be good.

3. You do not have consistent strategies in relation to money

In case of having a debt, the person does not have consistent strategies to solve it. In the absence of a plan, each month is approached in a different way and with a different priority. There is no roadmap and therefore, there is no progress. You must pay attention to what you do to create a more consistent plan that follows a single direction.

Once you have detected that something is not quite right in relation to your economy, it is time to learn how to improve your relationship with money, Here are 4 very effective ideas:

1. Watch your habits

First, take some time to observe how and when you spend money. In this way you will identify your patterns, the motivations when buying things, your triggers, etc. A good way to observe your habits is to record your purchases in a notebook for a month. Understanding or having more information about how and why you spend money is essential to be able to make changes.

2. Avoid comparing

We tend to compare our salary with that of others and we are only satisfied if it is higher. If they offer us a land increase, but also other people, we are less satisfied than if it had only been offered to us. This comparison is an inexhaustible source of dissatisfaction. Take some time to reflect on what you want without considering other people. Focus on what you can improve and feel the work satisfaction Get the job done right and improve your skills.

3. Adjust your goals

Value your budget. Most of what we need in our life is not about money, we can have a good life and not spend much. If you have financial problems, it is about changing what you usually do. For example, if our expectations increase as our income increases, you can change that and instead of wanting more expensive things and in more quantity, you can choose to save money. Instead of buying things, having money saved can give you more security.

One way to help you change your spending habits is to set incentives that motivate you to reach your goals. These incentives can be rewards for meeting goals or punishments when you don't. This way it will be easier for you to persist until you meet your goal.

4. Check how you spend money

Spending money on material things does not always bring happiness. But there are ways to spend money that can make you happy:

• Spend money on others: There are experiments that show that when people spend “extra” money on material goods, their happiness, but when they spend it on someone else or donate it, they experience a significant increase in their feeling from wellness.
• "Spend money to buy time"- Think of ways you can get more time in your life to have fun and make friends. For example, if you are a father or mother, you can invest the money in a nanny who can take care of your child to enjoy time for you, your partner, friends ...

This article is merely informative, in Psychology-Online we do not have the power to make a diagnosis or recommend a treatment. We invite you to go to a psychologist to treat your particular case.

If you want to read more articles similar to How to improve my relationship with money, we recommend that you enter our category of Personal growth and self-help.