In this, the week of World Health Day, we are all encouraged to think of our physical health. How many green vegetables do we eat? Do you take regular exercise? How many hours of sleep do we get? Of equal importance, however, is the health of our mindset. In this blog so I wanted to focus your mind on your relationship with money.
It is no secret that money matters can cause stress, tension and anxiety. Financial worry can cause lack of sleep, put pressure on our relationship and can affect our self-image. If not addressed, it can lead to depression and other mental health issues.
The money behaviours
The first step in having a healthy money relationship is to be aware of our current behaviours. Only by understanding where we are now can we take action to gain a more healthy money attitude. So, take a look at these three types of unhelpful money behaviors. Do you think any of them apply to you.
- Resistance behaviours – these include denial of money issues, abdication of responsibility for money to someone else, avoiding spending out of fear or guilt and not feeling worthy of the money you have
- Adulation behaviours – these include the expectation that money will affect random events, a reluctance to spend money or excessive risk taking, especially to compensate for the past.
- Inter-personal behaviours – these include keeping secrets from people about money situations, a fear of financial education or planning, the belief that others will take care of money matters or relying on them for financial assistance.
Of course, from time to time we all experience some of these types of behaviours. This is only a matter for concern if these behaviour patterns are frequent or habitual.
Test your relationship with money
To better understand whether you may have an unhealthy relationship with money, you can download the form below. This will allow you to assess yourself in more detail.