Transform Your Money Mindset: 3 Questions to Shift Your Financial Thinking

It’s time to get cozy with our thoughts and feelings around finances. Getting honest about your money mindset — the beliefs, emotions, and attitudes you hold about money — can be one of the most powerful steps toward lasting financial change.

So let’s talk money mindset. Wait, don’t run—I promise, this works! 

If you want to change your financial outcomes, you first need to change your habits, and to do that, you have to start with how you think and feel about money. Your financial mindset impacts everything from spending and saving to investing and debt management. 

Let’s take a deep breath and get reflective with three questions (and a little bonus for those of you ready to take it to the next level). Don’t worry, you probably won’t need the tissues today, think of this as just taking a baseline measurement of your money mindset.

1. How Do You Feel About Spending on Yourself?

Do you ever feel guilty for spending money on yourself, or maybe you tend to justify every purchase? Reflect on how you feel about treating yourself. 

This exercise can bring clarity to whether you feel deserving or if underlying beliefs are holding you back from financial self-care. Notice if any of these beliefs sound familiar:

• "I shouldn't spend on things I enjoy."

• "It’s selfish to prioritize my own wants."

• "I’ll only spend money on myself if it's ‘practical.’"

Identifying these patterns helps you spot limiting beliefs that might be standing in the way of a healthy financial mindset.

2. How Do You Feel About Saving, Debt, and Investing?

Think about how each of these topics — saving, debt, and investing — makes you feel. Do you feel a sense of empowerment when you save, or does it feel restrictive? Does debt cause you stress, or have you found a way to manage it with confidence? Are you excited about investing, or does it make you anxious?

Understanding these feelings can reveal what’s helping or hindering you in achieving financial goals. If debt makes you feel overwhelmed, for example, it might help to break down your repayments into manageable chunks or reframe debt as a temporary tool that helped you reach an important goal, like education or starting a business.

3. What Money Stories Did You Grow Up With?

Our money stories often start with what we saw, heard, and felt growing up. Did you hear things like, “Money doesn’t grow on trees,” or “You have to work hard for every penny”? 

Think about how these stories affect you now. Maybe they shaped a cautious approach, or maybe you’re motivated by the idea of financial freedom. Either way, being aware of your money story helps you understand what you’re bringing to the table.

Bonus: Choose One Part of Your Money Mindset to Improve

Take a moment to think about one specific area where you want to see growth. Do you want to feel more relaxed about spending? Less stressed about saving? More curious about investing? Write it down as a small commitment for yourself.

Keep Your Money Mindset Insights Handy

Jot down your answers to these questions and revisit them over time. See how your thoughts and feelings evolve as you work on building new, healthier money habits. Making these shifts can set you up for not only financial success but also greater peace of mind.

Download my free 21-Day Money Mindset Challenge! 

Build confidence through daily lessons and actionable steps to practice your new abundant money mindset. Grab your challenge now and start your journey to financial empowerment!