Which of These Four Stories Do You Tell Yourself About Money?

Paul Sullivan wrote an interesting New York Times piece, Stressed by Money? Get on the Couch, about people going

through “financial therapy” to get a better grip on their emotions and

behavior around money.

Sullivan cites financial psychologist Brad Klontz for the notion that people have four basic “money scripts,” that is, stories that we tell ourselves about

money. Which describes you?

Money Avoidance:

People who try to distance themselvesfrom money, and in doing so,

often undermine their financial well-being

Money Worship:

People who believe that if they had more money,it would solve all their problems.

Money Status:

People who tie their money to their self of well-being,

“net worth = self worth.”

Money Vigilance:People who are cautious about spending and pay

debts promptly; they’re the ones who may refuse to spend for no rational reason.

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