Smart Moves

1Laying the foundations

YOUR MONEY MINDSET

Our money mindset and attitudes towards money ultimately shape how we handle our finances. The money mindset we have is usually shaped by how we grew up around money, our experience with it growing up and witnessing how our parents and other people interacted with money. For example, if you come from a household where your dad handled all the finances and your mum didn't make any of those decisions, then this is likely to lead to you having similar beliefs as an adult. Or if money was always scarce and a source of stress in your household, this will impact how you handle money as an adult. Improving our money mindset comes from rewiring our limiting beliefs, educating ourselves about key financial concepts and strategies, and having open discussions about our financial goals and journeys.

LIMITING BELIEFS

A lot of people tend to have a range of limiting beliefs when it comes to money — that it's too hard or too complicated and they'll just never be good with it. These are the self-doubting thoughts that we tell ourselves that set limits on what we can achieve before we even start. The problem with holding these limiting beliefs is that it places a mental block on your ability to grow and develop a positive relationship with your money. Changing your self-talk around money is a major step in reframing your limiting beliefs into ...