What if I told you that achieving a healthy relationship with money is within reach to you as a single mom? Picture a life where independence and wealth allow you to live free of the fear that there will not be enough. Imagine making financial decisions not based on the amount of money in your bank account but with the excitement of exploring the endless possibilities your money can bring.
Key Takeaways
Healthy Money Mindset for Single Moms: It’s possible for single moms to have a good relationship with money. This means thinking, feeling, and acting positively about money.
Affirmations and Positive Messaging: The words we use about money matter. Saying negative things like “I’m broke” can block money from coming our way.
Strategies for Transformation: We dive into topics like healing from Bad Money Experiences, realizing wealth is within your reach, visualizing your future, and making a plan and sticking to it.
Why is a good relationship with money important?
Adopting a healthy money mindset as a single mom involves having a healthy relationship with your money. A relationship where your thoughts, emotions, and actions regarding money align with positivity and a healthy well-being. By overcoming limiting beliefs about money, you can create a roadmap for a future where financial decisions are empowering rather than stressful.
Affirmations play a crucial role in shaping the flow of wealth in and out of our lives, with money being no exception. Your relationship with money is influenced by the messages you send to the universe. If you constantly talk about the difficulties you are having with money and say things like “I’m broke” you are subconsciously telling the universe that you have negative feelings about money, potentially blocking its flow to you. To transform your relationship with money, it’s essential to adopt a healthy money mindset.
Recognizing my own unhealthy financial thoughts around money, I came up with a strategy to manifest a good relationship with money and attract financial abundance. Instead of professing my “broke-ness” to the universe, I took a $1 dollar bill out of my purse and placed it on my refrigerator. Every day I’d walk into my kitchen and say to myself as long as that dollar is on my fridge, I am not broke. When I’d go to the store and have to deal with my impulsive spending habits, instead of saying “I’m broke, I can’t afford that”, I’d say “I have the money, but I choose not to spend it on this right now.” Three years later, with a new car and a new house, that dollar bill still sits proudly on my fridge. This simple yet powerful trick helped me change my money habits and the way I spoke about money.
Living in an abundance mindset also transforms the way our brains handle money. It gives us a sense of assurance in managing money, instead of the anxiety that comes with living on a tight budget. If you’re trying to change your relationship with money, consider making small changes first (like the dollar-on-the-fridge trick) to subtly change your money habits. Sometimes, tricking your mind is the secret to breaking a habit you’ve had for a while.
Recognize that changing your relationship with money is a gradual process and it won’t happen overnight. It requires conscious effort and may take a few months. Monitoring your thoughts and feelings about money is a form of self-care that will help you have a healthier relationship with money over time.
Realizing that I have control over the way I think, act, and feel about money has played a big part in my journey. Regardless of what I was taught growing up, my surroundings, or any limiting beliefs I may have held about money, I had to understand that the key to my financial success was in my mindset. I used to think that wealth was determined by your connections and your social circles. I realize now that having rich friends is helpful but it’s not the key to wealth. The real key is in believing that wealth is attainable for me.
There’s a saying, “If you believe you can or believe you can’t, either way you’re probably right.” I agree with this because if I keep telling myself that I’m broke, can’t buy a house, can’t get a new car, or won’t graduate from school, the universe will accept that, and I won’t reach those goals. While your journey may seem challenging and overwhelming, it’s important to understand that opening your mind to the possibility of money being attainable to you is a transformative step in itself.
One common mistake that people make when changing their relationship with money, and one mistake that I made myself is not starting sooner. Listening to society, and sometimes your friends and family will sometimes contribute to your limiting beliefs about money, causing you more problems in the end. To overcome this, it’s crucial to surround yourself with positive influences that challenge these unhealthy financial thoughts. You need to want a better financial situation for yourself and realize it’s about more than just you. When you think of how it affects not only your life but also your kids and their kids, it becomes clear that making a change is urgent. This mindset pushes you to start improving your money habits sooner rather than later.
How to have a healthy relationship with money
Now, let’s dive into how to transform your relationship with money. When I decided to make this change, I focused on four key strategies.
- Heal from Money Trauma: Many of us have experiences with money from childhood or young adulthood that left a negative impact. These memories might be so overwhelming that we avoid dealing with them as adults. To build a healthy relationship with money, consider seeking help from financial therapists. They can guide you through these traumatic experiences, helping redefine how you think, act, and feel about money. Visit the AFC website to find a financial therapist in your local area.
- Realize It’s Within Your Reach: It might be challenging to imagine a life without financial difficulties, especially if you’ve always experienced them or don’t have positive examples around you. But again, wealth is achievable. Read books from financial influencers you admire, and understand their stories, motivations, and journey to financial freedom. My personal favorite is listening to podcasts featuring money experts interviewing people from various backgrounds who can also provide valuable insights. Learning from those who have walked a similar path can keep you motivated on your financial journey.
- Visualize Your Future: Picture your life without money issues. Envision the car you’d drive, the house you’d live in, where your children would go to school, and the clothes you’d wear. While vision boards are common, it’s crucial to connect emotionally with your goals. Simply hanging a board isn’t good enough; feel the emotions tied to achieving those goals. Whether it’s real estate investment or other financial aspirations, connect with the feelings of success.
- Make a Plan and Stick to It: Reverse engineer your vision of success. Break down the steps you think it took to get there and display them where you’ll see them daily. Take it a step further by breaking those steps into smaller, manageable pieces with set dates. Following a plan establishes a money routine that shapes your thoughts, actions, and feelings about money over time.
Summary
If you’re a single mom, it’s important to take a healthy approach to money. Simple things like putting a dollar on your fridge can help you change your habits and lower your stress. Going from feeling like you don’t have control over your money to feeling more confident in managing it is a long process that takes time and self-care.
It’s important to remember that you have control over your thoughts and actions, and understanding how it affects you and your kids makes it even more important to make changes. Getting help from a financial therapist, learning from experts, connecting with influencers, and having a plan are all great ways to help you heal from money trauma and feel more confident in managing your money. Remember, it’s all about your mindset, and with hard work, positive change isn’t just possible – it’s inevitable.
If you’re looking for support and inspiration, why not join the community? Connect with other people who are on the same journey as you and share your stories, learn from each other, and work together to create a better financial outlook.
Frequently Asked Questions
What are the signs of a healthy relationship with money?
Having a good attitude toward money is all about having positive thoughts, and feelings, and how you approach money. It means feeling good about how you manage your money, making smart financial choices, and feeling like you have lots of money instead of just a few. It’s all about making sure your mindset is in line with your financial health and exploring what money can do for you, so you don’t have to worry as much about making financial decisions.
How do you reframe a relationship with money?
The first step to reframing your money mindset is to break down the barriers that hold you back. You can start by affirming your money mindset and consciously choosing positive language. Challenge yourself to think about money in a positive way. Replace negative thoughts about money with positive statements that empower you. Set financial goals, create a vision board, and create a plan of action. Small changes, such as changing your daily language around money, can make a big difference in your overall financial outlook.
What does an unhealthy relationship with money look like?
Signs of an unhealthy financial relationship include constant fear of losing money, negative self-talk about being “broke”, and impulsive spending habits. Lack of control over money and the need to stick to a tight budget can lead to anxiety. These are the signs you need to recognize in order to make positive changes and develop a healthier financial outlook.
What is toxic money mindset?
Toxic money mindset is a set of destructive ideas and behaviors around money. It’s a set of beliefs that prevent you from growing your money. For example, you may think that money is impossible to achieve or that money is associated with stress and negative emotions. You may also think that money is something you can’t spend or that you shouldn’t spend it. You may even think that you can avoid spending money by overspending it or avoiding paying your bills. To overcome toxic money mindset, you need to challenge and change these negative beliefs to create a more positive, empowering financial outlook.
What is money trauma?
Money trauma is a set of negative experiences or memories about money that have a lasting impact on how you think, feel, and act about money. Money trauma can occur in childhood or early adulthood, and it’s important to recognize and address it. Working with a financial therapist can help you heal from money trauma, redefine your relationship with money, and create healthier financial habits.
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