Attention: Money 101 will no longer be available after May 31, 2021. After that time the Enrich financial literacy tool will be available at moving forward.

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Psychology of Money - Heart Matters


1. Self-Worth and Personal Finances

b. Create your own money mindset

Most of our beliefs are tied to a "core belief."  We will discuss core beliefs in more detail later.  For right now, however, we want to explore your core beliefs about money.  We call this belief a money mindset.  Your money mindset will influence how you behave with your money. Here are some examples of frequently quoted money mindsets: 

  • When the going gets tough, the tough go shopping.
  • Money “talks.”
  • A penny saved is a penny earned.
  • The best things in life are free.
  • Money makes the man or woman.
  • Money is a good servant but a bad master.
  • Penny wise and pound foolish.
  • Expenditures rise along with income.
  • Empty pockets never held anyone back.  Only empty heads and empty hearts can do that.
  • A fool and his/her money are soon parted.
  • A penny is a lot of money if you haven’t a penny.
  • Lend your money and lose a friend.
  • Put your money where your mouth is.
  • Time is money.
  • Money doesn’t buy happiness.
  • If money not be thy servant, it will be thy master.

Think about what Money Mindset describes your relationship with money – either from this list or others not on the list.  Write it down and see how the thought plays out in your behavior over the next week.

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