Simple Truths About Money

8. Your Money Personality Affects Your Money Behavior. Study Your Past To Understand Your Financial Habits and Practices.

Are you a spender or a saver? Are you afraid of money or do you embrace it? Do you find it easy to receive money or does it embarrass you? Do you always pick up the check or buy expensive gifts you can't afford, go shopping when stressed out, or check your bank balance every night before going to bed?

Many of our money attitudes and habits are learned from our past. You may have listened to your parents fight over money, or been denied things you wanted because there wasn't enough money to go around. Have you ever heard the phrases, "Money doesn't grow on trees", or "Do you think I'm made of money", or "Sure honey, you can have anything you want"? The point is, we learned about money growing up and observing how our parents and other adults handled money. For some of us, this may have created a very rational and mature platform for dealing with money, but for many, this is not the case.

The bottom line is, if you understand your behavior around money, you have a better chance of improving your habits around it.

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