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You Can Have a Positive Money Mindset

Balance is the foundation for any healthy relationship, whether it’s with people, food, entertainment, or money. When you find that balance, it helps foster a positive approach toward those activities, people, or things. Here are five tips to help you build a positive money mindset. 

  • Figure out your money mindset. How you were raised has a lot to do with your perception of money as an adult. Growing up, what were the money conversations in your household? If talking about money was taboo, you're less likely to feel comfortable seeking the answers to financial questions you may have. Were there discussions about understanding the difference between wants vs needs? Your past experiences and feelings about money can affect your money mindset. Finding a healthy balance in your relationship with money is the key to long-lasting happiness and a positive money mindset. 
  • Money is not the silver bullet to every problem. As the old saying goes, money cannot buy happiness. And your self-worth should not be tied to your account balances or stock portfolio. Looking at money that way can lead to negative financial behaviors and terrible money decisions. Instead, look at money as nothing more than a tool to pay the bills, take vacations, and raise your kids. Instead of worrying about spending your money, consider how to spend more of your time with family and friends.  
  • Turn the tide. Any negative feelings you have toward money can become positive with a little work. Instead of focusing on budget shortfalls, look at those gaps as opportunities. Look for ways to trim your budget and/or find new and fun ways to earn some extra cash and alleviate your financial concerns. 
  • Redefine Wealth. Remind yourself that wealth is more than money. It’s also time with people and doing the things you love. When you go to work, you’re essentially selling your precious time. Make sure the tradeoff is worth the cost. 
  • Help others. Anytime you can offer help to others is a chance to improve your money mindset and the mindset of others. Sure, giving to charity is great, but also consider offering to babysit for a neighbor, clean up an elderly person’s yard, or buy someone a coffee “just because.”

Boost Your Financial Wellness

More Financial Wellness Matters blogs on topics ranging from financial self-care to protecting your financial health are coming soon.  Twice a month, we’ll dig a bit deeper into the relationship between financial health and overall well-being, shedding light on the behaviors and beliefs that drive money relationships. With simple tips and proven insights, we hope to enhance your financial well-being and help you live a healthier, happier life.

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