Conquering Your Money Script

Posted by CapWay in MindsetNovember 5, 2019(Last Updated December 30, 2022)2 min read
Key Takeaways
  • Your attitudes and history with money may have a bigger impact on your financial habits than you may think.
  • Money Scripts are core beliefs about money that guides your financial behavior.
  • Your money scripts are usually set in childhood and shape your financial decisions as an adult.
Are you ready to make some real money moves?

Your attitudes and history with money may have a bigger impact on your financial habits than you may think. Money Scripts are core beliefs about money that guides your financial behavior. Your money scripts are usually set in childhood and shape your financial decisions as an adult. The four money scripts are money avoidance, money worship, money status, and money vigilance. 

 

If you are not aware of their influence, then your money scripts can keep you from reaching your financial goals. You have the power to change your money narrative. Here are three strategies to help you reach your goals regardless of your money script: 

 

Know Your Money Script 

 

The first step to change is understanding how your money script impacts your relationship with money. Check out this article for an overview of the money scripts. 

 

Once you identify your money script, the next step is to identify situations that trigger unhealthy responses. For example, not feeling in control of your finances may push you to the avoidance money script. 

 

Get Real About Your Money

 

You must work on your money script by getting real about your  financial standing. Take a look at your numbers, understand where you are, and set financial goals to help you improve your finances. 

 

You can get started by diagnosing your budget, starting to track expenses, understanding if your debt is too high, or setting a savings goal

 

Work on Your Mindset 

 

Your money scripts thrive when you don’t feel good about your finances. Work on developing a growth mindset when it comes to your money. Celebrate the successes (big or small) and work on getting better when you fall short of your goals. 

 

If you make a regular habit of setting and evaluating your financial goals, then that can help your money mindset. It allows you to remain grounded in your numbers and goals instead of allowing unhelpful narratives to run your actions. 

 

If you need a quick boost with your money mindset, then make a list of your financial accomplishments. Remember, you are capable of creating positive change in your life. 

 

What helps you to overcome your money scripts? 

 

Leave a comment below or chat with us on social, TwitterInstagramFacebook, and YouTube.

Was this content helpful?
Comments (0)

Sign In to leave a comment.

Download the CapWay App

Access more features to your Money Account

  • Money Goals
  • Request Money
  • Categorize Spending
  • Money Talk

The CapWay, Inc Debit Visa Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.

1. For Money Account holders with a negative balance, the CapWay debit card will go into freeze until funds are deposited to bring account back to current. See terms and conditions

2. Sending or receiving money from other CapWay account holders will be instant. Transfers from other accounts could take up to 48 hours, depending on the financial institution.

3. Early access to funds requires direct deposit. Early payment is not guaranteed and is dependent on the timing of payer's submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date.

4. Money Goals allows account holders to save money towards financial goals created within the CapWay platform. Funds can be transferred from your Money Account or saved through the rounding up of your transactions from purchases.

5. CapWay offers financial content through Learn Money free of charge, but may include advertisements through affiliates. Phunds, CapWay's literacy program and session, is paid content or co-branded content.

© 2019-2024 CapWay Inc. All Rights Reserved.