Have you ever felt like you were stuck in a negative pattern that keeps you from hitting your money goals? If so, then you may be running on your invisible money scripts. Money scripts are core beliefs about money that affects our financial behavior. The four money scripts are money avoidance, money worship, money status, and money vigilance.

According to financial psychologist Dr. Brad Klontz who created the term, “For most of us, our money scripts are unconscious, but they drive all of our financial behaviors. Money scripts are strong predictors of your level of income, your net worth, your financial behaviors, and even your credit card debt.”

You typically learn your money script as a child, or it can develop in adulthood. Money scripts can also be transgenerational, meaning your money habits can stem from generations of your family’s financial practices. Money scripts can hold you back from living a financially healthy life.

Find out your money script:

Money Avoidance  

You may have negative memories and associations and avoid thinking about your finances. 

Signs of Money Avoidance: You may avoid opening bills and letters from billcollectors. You may also avoid making calls and taking steps to work on your finances.  

Money Worship 

It feels like money will solve all your problems. You believe that money is the key to your happiness. 

Signs of Money Worship: You put the grind and work above important people and things in your life. 

Money Status 

The idea of equating your self-worth to your net worth. You believe that your self-worth and importance is related to how much money you make and the things that you have. 

Signs of Money Status: You sometimes overspend to keep your sense of status. 

Money Vigilance 

You tend to be frugal with your money. You are aware of where you are financially and you know how to pinch pennies. Too much money vigilance can keep you from enjoying the benefits of your hard work. 

Signs of Money Vigilance: You feel guilty when you spend on things that are not necessities. 

The first step to breaking the cycle of your money script is to identify it. Once you’ve identified your money script, the next step is to make the appropriate changes then to help your finances. 

Let us know. Did any of these money scripts hit home?

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