unhealthy
Do you have a love-hate relationship with money? Different people feel differently about money. Sometimes you feel confident about your financial situation. Other times you feel guilty about the money you spend.
Some of us enjoy looking at our bank accounts, while some feel dreaded. Your relationship with money depends upon how you treat it. Whether you consider it your trusted friend or something that causes frustration, fear and guilt.
If you constantly worry about not having enough money, it means you suffer from a scarcity mentality. This isn’t a good way to teach your kids about frugal living.
Hoarding money and never enjoying what you can buy with it is one of the most toxic financial behaviors. To develop a healthy relationship with money, you need to perceive money as a tool that enables you to live your life to the fullest.
Your happiness should never depend on the money have or do not have. One of the most critical traits of an unhealthy financial relationship is to pin down your happiness on the money. This way, you set yourself up for disappointment.
There is no denying in the fact that everyone has his own set of cards to deal with in life, however, putting the entire blame on circumstances without making any effort to improve is one of the most toxic behaviors people have with their money.
People with poor financial status often resent rich people. The majority of the time, they are even suspicious of their source of wealth. If you want to be financially stable, you need to stop looking at what others have.
When we perceive that the rich have earned their wealth through dishonest means, we give ourselves an excuse not to prosper in life.
Another unhealthy trait most people with a toxic relationship with money have is spending on luxuries too soon. They spend over a luxurious item or service as soon as they get their first paycheck.