It’s a scary time: unemployment’s up, the economy’s down and almost everyone’s trying to bail out of debt. A third of us have lost sleep over financial stress and worry, according to a recent survey by the National Sleep Foundation.
Money is emotional, especially these days. To reduce your debt and save more, get in touch with your spending habits, both financially and emotionally, experts say. It’s time to bond with your money and pursue a healthier relationship with it.
Flip the Script
All of us have “money scripts”: underlying attitudes and beliefs that shape our relationship with money. “They drive our financial behaviors and determine our financial health,” says financial psychologist Brad Klontz, coauthor of Wired for Wealth: Change the Money Mindsets That Keep You Trapped and Unleash Your Wealth Potential.
