Dialing Back the Emotion in Your Relationship With Money

In an article about being financially fearless, Prudy Gourguechon suggests the most important emotions in relation to money are fear, guilt, shame, and envy.

We fear not having enough money, not providing well enough for our family, not planning well enough for retirement, and potentially being a burden on family or state.

Fear

Learning good financial skills and financial literacy is a good first step.

Guilt

Guilt is closely tied to spending for many of us, especially spending on ourselves.

Other sources of guilt may stem from having more money than your friends, or feeling that you don’t deserve the money you have

Shame

We feel shame when we perceive we are less financially successful than we should be when we feel our salary is too low, or we’ve made bad decisions around financial planning.

Envy

We feel shame when we perceive we are less financially successful than we should be when we feel our salary is too low, or we’ve made bad decisions around financial planning.

Money Management

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