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Money Moments – How Your Family Shapes Your Money Relationship

Have you ever taken a moment to explore the ways your childhood shaped your relationship with money?

If you grew up around role models who had a healthy relationship with money, you were very lucky.

But if money has been an area of struggle for you, it pays to look back at your early family experiences.

Let’s look at a few ways old family dynamics can play out in your work and earning choices.

Some people grow up in affluent families, bonded mainly by the presence of family money. The knowledge that someone will always rescue them, either by gift or inheritance, extinguishes the fire in their belly for making their own way in the world.

Other people grow up with modest means and as adults feel deep guilt for wanting a financial life bigger than the one from childhood. They may minimize their desire for a bigger life and judge these dreams as shallow or selfish.

Family messages can also come to bear. Just think, did you hear any of the following from your family member(s):

You...

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Money Moments – Why Strict Money Plans Don’t Work

Many people on the road to financial recovery assume—at first anyway—that looking at your finances means you will no longer get to enjoy anything fun.

You imagine creating a list of what you are “allowed” to buy—and signing your soul over to a financial prison where it’s all work and no play. No wonder people put off addressing their finances!

If giving up all the fun, pleasurable things forever was required to heal your relationship with money, who would want to do this?

Strict narrow thinking and rigid spending plans make it impossible to stay the course. This is why I advocate a financial recovery process that feels good, and that revolves around your specific needs.

My friend Angela figured this out while looking for a new apartment. Her first impulse was to spend the bare minimum on rent. I remember her words, all she needed was “a box on a bus line”.

But as Angela looked at apartments within her original price range, she realized...

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