How's your money health?
Health and wellbeing is at the forefront of our minds right now as we globally face a pandemic, especially given that we are restricted from getting outside and moving around in the way we are used to. Without our usual levels of physical activity and adapting to a new way of working from home, maintaining good physical health is getting a lot of airtime.
But when was the last time you thought about your mindset, and more specifically your money health? Money might not be something you are consciously aware of at the moment, however for many people the current climate of uncertainty that we’re experiencing can be causing a lot of underlying financial stress.
It’s not breaking news that unhealthy money mindsets can wreak havoc on all aspects of life, from your relationships to your sleep and beyond, whether you’re aware of the issues that are being caused or not. Money mindsets can be unhealthy in more than one way, too. Often, people characterise a poor money mindset as someone who has spending issues or lacks control with money, but this isn’t the only sign of an unhealthy mindset; trying to exert too much control over money and clinging on too tightly to money is equally problematic from a health perspective.
If you’re wondering how your money health stacks up right now, ask yourself the following questions:
Do you find yourself in denial of money issues that you know you need to address, brushing them under the carpet instead?
Are you avoiding financial responsibility in any area of your life?
Do you avoid spending out of fear that you’ll run out of money, or guilt for spending?
Do you put money on a pedestal by clinging onto it and trying to accumulate more through not spending or investing in your life?
When money is raised in conversation, do you feel uncomfortable?
Have you avoided questions about money with your partner or your family?
Are you putting off conversations about money with your partner despite knowing that you need to broach the subject?
All of these behaviors are symptomatic of an unhealthy relationship with money and all can affect your daily life negatively, whether you are conscious or not of the impact these thoughts and actions are having. Whatever your challenge when it comes to improving your money mindset, you are capable of change and it is only when you recognise a less-than-healthy money mindset that you can make the changes that will shift the balance.
Money mindset is something I am passionate about helping women to understand, improve and take control of. I’m working on bringing you more content than ever before so if you’re ready to feel confident and unstoppable when it comes to achieving your goals, make sure you’re on my mailing list.