Simple Truths About Money
8. We each have a money personality that affects how we deal with money issues.
Many people find it difficult to think and talk about their habits and attitudes regarding money. They may feel shame that they don’t have enough, or embarrassment over the debt they have accumulated, or feel that the subject of money is shallow. But because of the influence that money has on our ability to lead satisfying lives, it is important to understand how your money personality affects your decision making and actions. This knowledge can open up new ways to approach money management and many life issues.
Many of our money attitudes are learned in our past. You may have heard phrases like money doesn’t buy happiness, money doesn’t grow on trees, money is the root of all evil, we can’t afford it , do you think I’m made of money?, rich people are greedy. You also learn about money habits from observing how your parents and other adults handled money. This early conditioning won’t go away, but if you gain an awareness for why you don’t ask for that raise when you know you deserve it, or why splurging on new clothes makes you feel so good, you have a better chance of thinking rationally about money and making better decisions.