How Our Money Habits Stem From Our Childhood

Photo by Alexander Mils on Unsplash

As we become more independent adults in this modern world, we’re called upon to be more responsible about matters such as money. Some of us, however, are much better at dealing with this than others. Some people have a tough time living within their means—and there are actually deep-rooted psychological reasons for this.

How Your Personality Was Shaped

Just like all matters of life, how we conduct ourselves daily is very much influenced by how we were raised. Our personality was shaped and influenced in our formative years, and this actually currently impacts our spending habits—or lack thereof.

Turning the Tide

However, this isn’t intended to provide a dire outlook on your future financial endeavors. In fact, it’s merely meant to keep you aware of why you make certain decisions. It’s your life, and you can do whatever you want with it. But if you’re trying to make a change in your money habits and find it difficult to do so, it can be helpful to know where the problem is coming from.

For instance, if you often have trouble spending all the money you earn and not saving it, perhaps you should dig deeper and ask yourself why you like spending the money you do. This may be beyond your area of expertise—in some cases, a therapist can help—but simply making yourself aware of this fact is the first step towards making a responsible and real change in your financial life.