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5 Tips for a Healthy Relationship with Your Money

Here are some ways to start building a positive relationship with your money.

5 Tips for a Healthy Relationship with Your MoneyMany people think that money is just a tool to help them get the things they want and need. However, if you have a positive relationship with your money, you can enjoy life a little more. Having a bad relationship with money can make getting through life a little harder. Here are some ways to start building a positive relationship with your money:

•    Don’t Ignore It. Ignoring problems will not make them go away. Pay attention to your money. Spend and save intentionally. If there are problems, face them; ignoring them will make it even worse. If you have a bill that is due and you ignore it, you will be turned over to collections. However, if you contact the creditor a lot of times they will set up a payment plan that will work for your budget.

•    Make Time for It. Set time to spend on your finances. Checking in once a week is a great habit to get into.  "Checking in" can include going over your weekly purchases, making sure any bills due in the upcoming week have been paid, balancing your bank account, or checking your balance online. Look at what you’ve spent and see if there are any spending habits you need to make in the future.

•    Prioritize It. As an adult, you need to determine how you are going to spend your time.  Make going over your finances a priority, set a time and stick to it.

•    Celebrate It. Make sure to celebrate your money successes or milestones. Did you pay off a debt or establish an emergency fund? Celebrate it.  Celebrating, even with something small, can keep you motivated to continue to work towards your financial goals.

•    Forgive Mistakes. If you make a mistake and spend more than you planned, forgive yourself and move on. It doesn’t do you any good to overanalyze and beat yourself up. Just acknowledge that you made a mistake and should do better next time.


Carrie Johnson, Ph.D., AFC®

Extension Specialist and Assistant Professor  /  Human Development and Family Science

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