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MONEY TRAUMA often stems from childhood, but you can change it.

  • Writer: Losa Patterson
    Losa Patterson
  • Jan 29, 2024
  • 2 min read

Unresolved money trauma can affect relationships in various ways. It might lead to avoiding financial responsibilities, conflicts over money decisions, or secretive financial behaviours. Individuals may struggle with overspending, hoarding, or attaching their self-worth to financial success. Open communication, seeking professional support, and understanding these patterns can help in healing and building healthier financial behaviours in relationships.


The impact of money trauma is often rooted in childhood experiences, where early impressions and observations shape one's beliefs and attitudes toward money. Being born into a financial environment can influence long-term perspectives on finances, security, and one's relationship with money.



While the roots of money trauma may be embedded in the past, the empowering truth is that change is possible. Here's how you can navigate and transform money trauma:



1. Self-Reflection:

Take time to reflect on your childhood experiences with money. Identify specific incidents or messages that may have contributed to negative beliefs.



2. Awareness of Patterns:

Recognize any repeating patterns or behaviours related to money that you may have inherited. Awareness is the first step toward breaking negative cycles.


3. Challenge Beliefs:

Question and challenge limiting beliefs about money that you may have inherited. Explore where these beliefs originated and evaluate whether they align with your current values and goals.



4. Financial Education:

Invest in your financial education. Learn about budgeting, investing, and financial planning to gain a deeper understanding of money management. *Teach Me About Property - check them out.  Massey and Paula Archibald, I fully endorse.  


5. Seek Professional Guidance:

Consider seeking guidance from financial advisors or therapists who specialize in money-related issues. Professional support can provide valuable insights and strategies for overcoming money trauma.



6. Create New Money Stories:

Rewrite your narrative around money. Focus on creating positive money stories that reflect your aspirations, strengths, and capacity for financial well-being.



7. Set Healthy Boundaries:

Establish healthy boundaries around money discussions and behaviors. Recognize the impact of past experiences, but also empower yourself to make intentional choices that align with your financial goals.



8. Build Financial Confidence:

Gradually build financial confidence by taking small, manageable steps. Celebrate financial victories, no matter how small, to reinforce positive behaviours.



9. Cultivate Abundance Mindset:

Shift from a scarcity mindset to an abundance mindset. Focus on gratitude for what you have and cultivate a positive outlook toward the possibilities that financial well-being can bring.



10. Teach Positive Money Habits:

If you have children or plan to, be intentional about teaching them positive money habits. Create an environment where open conversations about money are encouraged, and financial literacy is valued.


Remember that changing money patterns takes time and effort. Be patient with yourself, celebrate progress, and recognize that you have the power to redefine your relationship with money, breaking free from the constraints of past experiences.

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