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Money Psychology

Fearing The Money May Run Out: Money Vigilance

The fourth and final category of Money Scripts in this series is Money Vigilance. Those with Money Vigilance scripts tend to be watchful and guarded about their finances. They will commonly have beliefs such as, “You should not tell others how much money you...

Self-Worth and Net Worth: Status Money Scripts

For the third in this series of columns on money script categories, let’s look at Money Status. This differs from the Money Worship category in having its focus on social acceptance. People in this category generally equate net worth with their self-worth. They...

Wishing For The Midas Touch? Exploring Money Worship

In the second of this four-part series on money scripts, let’s explore the category that Dr. Brad Klontz calls Money Worship. Unless you have always envied the mythical “golden touch” of King Midas, you may be quick to dismiss the possibility of...

Money Script Categories: Money Avoidance

Money scripts are beliefs we have acquired about money and how it works. We are usually unaware of these beliefs, in part because we see them as facts—”just the way it is.” We typically hold 50 to 200 money scripts, which affect every financial decision we...

Teaching Money Skills Essential For 21st Century

For our ancestors, even as recently as the 19th Century in many places, survival skills were hands-on. If you didn’t know how to build a house, farm, hunt, butcher animals, sew, and cook, you couldn’t provide well for your family. Money skills were largely...

Eight Aspects of Financial Trauma

In a recent column, I discussed financial trauma—money-related occurrences that, either as single extreme events or chronic patterns, can overwhelm a person and become traumatic. Some emotional signs of financial trauma are depression, ambivalence, regularly reliving...