MONEY IS EMOTIONAL (4)
by adminEconomic Hardship
Experiencing a financial disaster is another thing that can greatly affect feelings about money and how it should be spent. Have you ver lost a job and had to come home to your spouse with the bad ews? What kind of an emotional impact did that have on your family? fter the trauma of losing a job, or some other economic ardship such as illness or divorce, we often hear responses like these bout the way spending money makes people feel:
• “I just hate not feeling like I have enough money for the things I want. I get so depressed just thinking about it.”
• “Spending money makes me feel guilty, like I don’t deserve the thing I bought or that it will come back to haunt me later.”
• “My divorce has wiped me out financially. I have nothing left after I pay child support and alimony for anything I might want to get yself.”
Doug* was a young father of three when he experienced the conomic trauma of divorce. Within 12 months of the divorce, he egan paying more than $900 a month for alimony and child support. aving recently graduated with a degree in graphic design, Doug asn’t advanced enough in his career to make the kind of money he eeded to support his three children and an ex-wife. He was forced to ove in with his parents and sell his car. Even then, he barely ade nough to meet his financial obligations. The only thing he ndulged in was music, buying a CD or two every once in a while. oing so made him feel extremely guilty because he worried that indulging himself would somehow affect the happiness of his children. Doug’s economic hardship was an emotional situation that had a uge mpact on the way spending money made him feel.
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Money Mastery
When we are forced into a bad financial situation due to some kind of economic disaster, spending money can be a highly emotional ssue that causes friction in marriages and personal unhappiness.
aken from : Money Mastery “10 Principles That Will Change
Your Financial Life Forever
