mobile-menu mobile-menu-arrow Menu
 

Money Mindsets: Why they matter so much!

 
Blog Filters

Recent Posts

 

This post may contain some affiliate links. Please read my full disclosure policy.
 

Money Mindsets: Why they matter so much!

Money mindsets – a trendy buzzword phrase or something really important?  I began exploring my own money mindset a few years ago, when I realised that I was permanently feeling crap about money.  I hated money, and constantly worried about it.  But why?  We had enough money to pay the bills; we were not poor or destitute; we had a roof over our heads.  Surely I had a lot to be thankful for, but it just didn’t feel like that to me.

What was the problem?

Fun was the thing that was falling by the wayside.  Pre-kids we were used to spending as much money as we wanted, on the things that we wanted, but post-kids our disposable income was hugely reduced.  The one thing that I really missed out on was fun – we stopped going abroad because we “couldn’t afford it”, I said no to nights out or weekends away, because “I couldn’t afford it.”  Even getting out for a pint had been put on hold, because money always seemed to be tight.

money mindsets and alchohol

It had begun to make me unhappy.

I began to search for the answer.  I discovered an course about money mindsets, and signed up there and then. Thankfully it turned out to be an amazing course, and I haven’t looked back since.

The online course was packed full of exercises and ideas that really made me evaluate my own money mindset.  I always thought that I was “good” with money, so there was nothing that I could do better, but how wrong was I?  By looking at my attitude, emotions and values around money, I learned so much about myself and the impact that I was having on my own situation.

The first 3 things that I discovered were:

“I can’t afford it” made me miserable

I realised that the more I said “I can’t afford it”, the more true that statement became!  The more I focused on how little we had, the less we seemed to have.  However, when I opened my eyes to the possibilities, I realised that I was the one in control.  I could make decisions about how I wanted to spend my money, and I was the one that was making myself miserable!  That simple realisation was enough to spur me into action.  I began to change my words from “I can’t afford it” to “How can I afford it?”.  Simple, but VERY powerful.

Habits

I started examining all my habits that were money related to see if there was room for improvement there.  I was in the habit of meeting friends for coffee each Friday morning.  I would browse the shops before meeting them, and EVERY SINGLE FRIDAY, I would buy something.  Clothes, trainers, perfume, something for the kids, blah, blah, blah.  The solution to that was dead easy.  Stay at home until it was time to meet!  £100 per month saving.

sunny holiday money mindset

What was most important to me?

When doing a values exercise I found that the money we were setting aside for a new car was bugging me. This seemed a little bizarre, because we really wanted a new car. But thinking more deeply about it, I discovered that I only wanted a new car, because other people had got new cars and I felt we “deserved” one too.  However, I realised that I value fun and holidays far more than a new car, so we kept our 10 year old car and were perfectly happy with it.

A lovely surprise

Bizarrely, a couple of years later, we inherited a newer car, when our parents were upgrading theirs.  That was a lovely wee bonus, as our one was spending half the time in the garage, and was beginning to cost us money.  The old me, with my poor money mindsets, would have turned this offer down.  I would have felt that it was “too much” and would not have been able to accept it, despite knowing it was a genuine offer, and they were delighted for us to have it.   However, the new me, with my new money mindsets, was able to say “thanks very much!”

My money mindsets have changed so much.  I no longer worry about money.  I genuinely believe that I have, and will continue to have, enough money to do all the things that are important to me and my family.  Good things happen to us. We have received money from unexpected sources, and I honestly believe it is because I am so much more positive about money.

Money Mindsets Matter!

But how do you know if yours is causing you a problem?  And where do you even start in improving yours?  What can you do about it?

I have put together a Change Your Money Story freebie, which will help you to answer all those questions, starting right now.  Why don’t you download it today and see if changing your money mindsets can make a difference to your life?  You will get the chance to choose whether or not to sign up to my newsletter, before downloading.

money mindsets matter

Why don’t you also come and join my free Your Money Sorted group?  It’s a friendly place, where I encourage women to chat about money and improving money mindsets.

 

Eileen x

I am taking part in the Monday Money linky with Lynn from Mrs Mummy PennyFaith from Much More With Less and Emma from EmmaDrew.Info

 

 

2 responses to “Money Mindsets: Why they matter so much!”

  1. Emma Drew says:

    Love the idea of money mindset and it’s totally true. I suffer bad with “buyers guilt” and have been working hard to get over that and know it’s my own mindset holding me back. Thanks for joining #MondayMoney. Hope to see you next week.

Leave a Reply

Your email address will not be published. Required fields are marked *

 
Blog Filters

About Eileen Adamson

I am Eileen Adamson, a Your Money, Sorted coach, working online with UK based women, helping you to develop a better relationship with money. I can help you to understand your money mindset and implement changes which will allow you to feel calm, positive and confident as you become happier, healthier and wealthier.

Get In Touch

Freebies

How to manage your money better These freebies will help you learn how to manage your money better, and be happier, healthier and wealthier.  Please click on the relevant button to download. I promise not to bombard you with rubbish emails, or share your details with anyone else.

Freebies
SHOMOs 2018

9 hours ago

Your Money Sorted

Go out and see the world. For tips on how to manage your finances in order to lead the life you want, download this freebie bit.ly/2LiYg5i ... See MoreSee Less

Go out and see the world. For tips on how to manage your finances in order to lead the life you want, download this freebie  http://bit.ly/2LiYg5i
 
 

Coaching Services


Finance for Freedom - Master your money in 28 days

How would you feel if you had enough money to allow you to live the life you want? Work out your path to financial freedom and feel happier, healthier and wealthier

Learn More

Teachers' Pensions Retirement Planning

Imagine being able to put more money towards your retirement, while still creating wonderful opportunities for you and your family, today and every day.

Learn More

"It's been just excellent and it's changed my life. I didn't feel I had a life - I was so bogged down I was drowning. You have totally changed my life."

Fran, Dumfries
© 2018 Your Money Sorted | Web design by Creatomatic