A Healthy Relationship with Money

???????????Like all relationships in life, your relationship with money is rarely an easy or perfect one. It has been said that financial relationships come with highs, lows and the monotony of daily budgeting in-between. That being acknowledged, it is also important to identify toxicity before there may be an opportunity for it to come between us and the ones we love. Below are five potential inflection points, to not only improve your own relationship with money, but also to be shared with those you care about to build lasting bonds with one another.

1. Take a Break

???????????Sometimes, we all need space from thinking about money. Constantly worrying about reaching financial goals or how to stretch every penny can be exhausting and wear even the most financially savvy person thin. Balance, as with so many things in life, is the key. How can you monitor your finances without obsessing over them?

2. Quite Distractions

???????????Do?you feel peer pressure to be more carefree with your money or spend it on more extravagant purchases when with others? Do co-workers tell you about their grand purchases? Do neighbors and magazine contributors seem to have opinions on your spending habits? At the same time, the Joneses always seem to have everything they, and you, want. Protect your boundaries and remind yourself to focus on you to and avoid temptation and resentful thoughts.

3. Put the Past Behind You

???????????Let’s face it, we have all made financial missteps, but life experience teaches the most profound lessons. Take the burden of what has already happened off your shoulders. Past money mistakes can only weigh you down. Remain candid and transparent. We are all on our own financial journey that may not always look perfect along the way.

4. Keep a Positive Mindset

???????????Similar to not dwelling on the past, maintaining a positive mindset can be motivational and empowering for any relationship. Celebrate financial wins in life rather than money stressors or obligations. What are you grateful or thankful for? When one can really appreciate what they have, when they know their own value and potential, they tend to purchase less “stuff” to bring themselves happiness.

5. Enjoy Your Finances

Money helps provide security and stability in life. It is also to be experienced and enjoyed. I’m an advocate for Guilt Free Spending Accounts, Date Night Funds, Annual Trips, and setting aside money for once in a lifetime experiences. When you do indulge in even the smallest of luxuries or treats, be sure you can savor them with the presence of mind to really enjoy them. Let’s face it, working solely to pay others can be a recipe for burn-out and depression. Enjoying at least some of your earnings can actually help invigorate your relationship with money creating more financial productivity and opportunity.

???????????I wish you a happy Valentine’s Day and hope with these five tips in hand, and ongoing commitment, you can strengthen your bond, improve your financial security, reach your money goals and build a stronger future in a healthy relationship with money.

PROFESSIONAL DISCLAIMER

Articles cannot, and do not, contain financial advice. The finance information is provided for general informational and educational purposes only and is not a substitute for professional advice. Accordingly, before taking any actions based upon such information, I encourage you to consult with the appropriate professionals. I do not provide any kind of finance advice. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN POSTED ARTICLES IS SOLELY AT YOUR OWN RISK.

I am currently a Citizens Colleague. Citizens has not approved and is not responsible in any way for opinions shared. Further, I am not compensated in any way for any products or services mentioned in any article to remain integral and impartial.

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