Understanding Your Money Mindset
Have you ever thought about your relationship to money? I say relationship because we all have a story about money.
I grew up thinking we were poor. There never seemed to be enough money for what I wanted.
Now mind you, I never went without food, decent clothing, anything really. But as a kid, I wanted certain things, as all kids do.
There never seemed to be enough when I wanted things like candy or a toy. I didn’t get an allowance so I would ask my parents for money when I wanted something. The answer was sometimes yes, but most of the time, no. Sounds normal, right?
But as a kid, I made up the story that I couldn’t have those things because we were poor. And my mind took it one step further down the victim trail to, “I can’t have what I want but my brothers always get what they want.”
What my mind failed to realize is that my brothers are 5 and 6 years older than me. They worked on a local farm or at the 5 & 10 store and earned their own money so they could buy what they wanted.
But my mind was determined to hold onto this scarcity mentality.
Fast forward to adulthood. I perpetuated this story by putting all of my families needs above my own. The kids needed new school clothes, ok. My husband wanted to go on his annual fishing trip, of course.
But when I even had the thought of spending any money on myself, my mind immediately went to, “No! You can’t have what you want! Remember, there isn’t enough for you!”
So I became resentful.
When I had enough of my resentment, I would just go and buy what I wanted. Then, guilt set in.
I felt so much guilt from spending anything on myself, I would sometimes not tell my husband what I bought. I thought he certainly wouldn’t understand spending $40 on a tube of face cream.
That left me feeling dishonest and like I was stealing from my family.
I knew I needed to break this pattern of behavior before I could really welcome any amount of abundance into my life.
My best friend, a former financial broker, suggested that in order to break through this, I simply needed some mad money. A certain amount of money each week, I could call my own.
My mad money was mine to do with what I wanted. I could burn it, give it away, buy a bunch of little things or save it for something bigger.
This made so much sense to me and immediately lifted a weight off my shoulders. I know this sounds crazy but this “allowance,” so to speak, opened up possibilities for me to not only get what I wanted but to give up the destructive pattern of guilt and resentment.
By releasing the emotional tie it had on me, I no longer let money control my life.
Now I’m rewriting my money story from a perspective of abundance and having all of my needs met. Even if it’s candy!
What is your “money mindset?” What would you like your relationship to money to be? What is something you can do today to begin a shift toward your new “money mindset?”