MONEYYIS EMOTIONAL (9)
by adminToday the Smiths have stopped overspending and have actually begun saving an extra $300 each month. They have begun to look at very expenditure as an emotional decision, determining whether he object of their spending is something that fits their financial riorities or not.
We encourage you to think deeply about the first Money Mastery principle by looking at how you emotionally spend your money. Take he challenge to complete the following short assignment before going n to Chapter 2. It will help you go further in your commitment o make important changes to your life. Go ahead! Take the hallenge! You’re worth it!
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Money Is Emotional
Pinpoint the last time dealing with money became a dramatic xperience that deeply impacted you. It could be the last time you ade a major purchase such as a car, or sent a child off to college— or the last time you examined your paycheck and realized how much ou’re paying in Social Security and federal income taxes. Note: The xperience may or may not be negative; it simply needs to be ignificant.
1. Write down at least three emotions you felt during that event.
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2. What was your attitude toward spending money at the time the event took place? Were you affected by consumerism and/or economic hardship?
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3. Who or what was responsible for the way the event turned out? How much did your monthly take-home pay affect the outcome?
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Challenge #1
Look at Your Own Emotions
Behind Spending
aken from : Money Mastery “10 Principles That Will Change
Your Financial Life Forever
