I wanted to shed light on a complex topic that can hinder our ability to achieve our financial goals. We need to identify the root cause behind our spending patterns and challenge the underlying assumptions behind these beliefs.
Money triggers that initially appear to be keeping up with the Joneses are actually much deeper than what’s shown at the surface, often rooted in family values like security, experiences, generosity, and providing the best for our children.
- Buying too much house and car for our budget = "I want my family to be safe"
- Purchasing dinners and vacations on credit = "I want to create experiences with my family"
- Sending cash remittances to family while racking up debt = "I have family and cultural expectations"
- Putting private schools and kids' activities on credit cards = "I want to provide the best for my kids"
I challenge you to question whether living out these values necessarily means pushing the boundaries of what we can comfortably afford, or if we can achieve the same outcomes with a different, creative approach.
I’d argue that modeling financial intentionality and responsibility is a greater legacy for our children, setting up the entire family for long-term economic success.
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