We all pretty much follow four different scripts, or patterns associated with money, according to Dr. Bradley T. Klontz, a financial psychologist and Certified Financial Planner.
There’s Money Vigilance, which is when you’re super careful with money, and the script we should strive for. After that:
Money Avoidance: When you convince yourself money isn’t important and you don’t care about it.
Money Status: When you equate self-worth with net worth.
Money Worship: When you think having more money will solve all of your problems.
Everyone’s habits with money are going to be different. If you want to improve yours, it’s crucial to understand your relationship with money and how you approach it so you can pinpoint bad habits. If you don’t deal with the emotional side of money management, the practical stuff might not work.
