Ep 8: How Emotions Influence Your Money Habits

Emotions influence your savings habits. 

In this episode, we cover:

• How your experiences influence how you feel about personal finance
• How to identify your emotions about money, and how to move through those emotions in a healthy way
• How to break unhealthy cycles around money so that you can save

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“Finances are a deeply emotional experience…. By sitting with these emotions, you’ll be able to see where some of your money blocks are and how you get into certain cycles.”

In this episode, we focus on how different life experiences affect the way that we feel about money, and how those feelings influence our saving habits. 

Many life experiences contribute to how we feel about money, and as a result how we talk about money. For example, our experiences with our families or employers may dictate how we think we can talk about money. 

However, not talking about money can be as hard as talking openly about it.

Join us as we discuss the many facets of emotions that people have when it comes to money and how we can cope with these emotions. When we cope with our emotions, we can consciously move forward in your savings journey.

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RESOURCES MENTIONED:

• The secret shame of middle class Americans
• 7 Steps to jump start your savings journey
• America Saves pledge
• Military Saves pledge
• Financial coaching and counseling
• Saving for an opportunity fund

Be sure to send your questions to save@americasaves.com and we’ll answer them in a future episode!

THIS WEEK’S THINK LIKE A SAVER CHALLENGE:

Take some time to identify what your emotions are around money. Whatever the emotions, make space for them and acknowledge what they’re telling you. Take time to learn from them, and decide which ones to let go as you move forward in your savings journey.