Financial Emotions
What emotion do people most often feel after making impulsive purchases?
Guilt
What are "money scripts"?
Unconscious beliefs about money formed in childhood
How does stress affect impulsive spending?
Stress can trigger emotional purchases as a way to cope.
"True or False: 'Money is the root of all evil' is a common limiting belief.
True
What does it mean to have a "mindful money mindset"?
Being aware of your emotions and habits around money without judgment.
How can someone identify anxiety when dealing with financial matters?
Rapid heartbeat, procrastination, or avoidance of financial discussions
How can the "money avoidance" script impact your life?
It may cause you to avoid budgeting, saving, or talking about finances.
What is "retail therapy," and how can it be harmful?
Shopping to feel better emotionally, but it often leads to regret or financial strain.
What limiting belief is at play when someone says, 'I’ll never be good with money.
Low self-efficacy, low confidence, or self-doubt
True or False: Setting unrealistic financial goals can lead to feelings of failure and overwhelm
True
What positive emotions can arise from creating a savings plan?
Security, relief, empowerment
What is a "money worship" script, and how can it lead to financial stress?
The belief that more money will solve all problems, which can lead to overspending.
Name one healthier alternative to coping with financial stress instead of shopping.
prayer, exercise, or journaling, talking/spending time with a trusted friend.
How can journaling help identify limiting beliefs about money?
It provides insight into subconscious thoughts and patterns
How can mental wellness support achieving long-term financial goals?
Good mental health promotes better decision-making and persistence.
How can comparing your finances to others harm your mental health?
It can cause feelings of inadequacy or shame, leading to anxiety or depression
How can someone rewrite negative money scripts?
By identifying harmful beliefs, practicing mindfulness, and adopting healthier attitudes toward money.
How does debt contribute to mental health issues?
Debt can cause chronic stress, anxiety, and even depression.
What is a financial 'scarcity mindset,' and how can it be harmful?
The belief that there’s never enough money, which can lead to fear-based decisions.
Name one technique to build mindful spending habits.
Pause before making a purchase and ask if it aligns with your goals. ( without any fear)
How can someone begin to work through financial shame and start a journey toward healthier money habits
There is no right or wrong; only GROWTH
How does financial freedom affect emotional well-being?
It can lead to reduced stress, increased happiness, and a sense of security.
Name one common money script and a technique to overcome it.
I don't deserve money" – using affirmations and setting small financial goals can help
What is 'financial avoidance,' and why is it unhealthy?
Avoiding financial issues due to fear or anxiety, which leads to larger issues down the road.
What is one way to shift from a scarcity mindset to an abundance mindset?
Acceptance for what you have (hunt the good things) and setting clear, achievable financial goals for where you want to go.
What mental health practice can help reframe negative money beliefs?
Cognitive restructuring. ( The renewing of your mind)
Reflect on your own relationship with money. What is one belief or habit you'd like to change, and what mental health strategy could help you make that shift
There is no right or wrong; only GROWTH