NDSU Extension Service - Ramsey County


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How I Feel About Money

How I Feel About Money



          Money can buy more than a cup of coffee, groceries for the week or a tank of gas. Money has a multitude of emotional ties.  For some money can buy status or friendship; be used to control or punish others or we might overspend to get even.  All of which are emotional uses of money. When hidden meanings are attached to money and they go unrecognized, conflict can quickly happen. Consider the following statements about how you use your money.  Respond true or false to each.


1. I buy things I don’t need because they are on sale.

2. I feel anxious and defensive when asked about my finances.

3. I can never have enough money saved to feel secure.

4. I buy things I donʼt need or want because they are “in.”

5. I overspend regularly on “extras.”

6. I often insist on paying more than my share at a restaurant or on a group gift.

7. I spend more freely, even foolishly, on others, but seldom on myself.

8. I feel “dumb” if I pay more for something than my neighbor did.

9. I donʼt trust others in my family to spend money wisely.

10. If I earn money, I think I should have the right to decide how it is spent.

11. If someone in my family acts selfishly in spending our money on himself/herself, I feel I have the right to do the same.



A “true” answer to questions 1-3 might mean that you feel insecure about money.

If you answered “true” to either 4 or 5, you may use money to gain status.

“True” answers to questions 6, 7, or 8 might mean that you use money to feel better about yourself.

Did you answer “true” to questions 9 or 10? You may use money to control others.

A “true” answer to question 11 may indicate you use money for retaliation.

Adapted from info from the University of Georgia College of Agriculture


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