💰 What’s your money script?

Published On: July 14th, 2023

We tell ourselves stories everyday. Some of our tales are a little too tall, others sell ourselves a lot too short, and some stories are just plain annoying and cost us money.

Enter the fun world of money scripts. A money script is a belief we carry with us that influences how we think, feel, and handle all things money. These financial narratives often run on autopilot, without anyone directing the plot.

Research by Brad Klontz, Psy.D. and CFP, aims to change that! Klontz found we tend towards four basic money scripts – money avoidance, money worship, money status, and money vigilance – and knowing which one sways you could change how you deal with money.

Let’s look at some money script stuff to help rewrite the stories that cost you.

Let’s do this!

Today’s newsletter is 362 words, 1:45 minutes.

10 Money things worth reading this week

Money Scripts

1. Take the Money Script Inventory Test – it’s free and kinda fascinating.

2. Money Beliefs and Financial Behaviors: Development of the Klontz Money Script Inventory (research paper)

3. To improve your finances, learn your ‘money script’

4. She’s got charisma! Prof. Wendy De La Rosa answers awesome questions on splitting bills as a couple, being a bridesmaid, and how to spend guilt-free. (YouTube)

5. Why money matters to your mental health – an interview with Dr. Moira Somers, author of Advice that Sticks. (podcast)

6. The No Stupid Questions podcast answers a lot of good questions. In this episode, research psychologist Angela Duckworth (author of Grit) asks: Why is it so hard to talk about money?

7. Capitalism killed the Instant Pot ’cause it’s “simply too well made”. It doesn’t break, it doesn’t wear out, and you don’t need to upgrade it, ever. The Instant Pot and the Miracle Kitchen Devices of Yesteryear

8. 🇨🇦 The Bank of Canada just raised interest rates another 25 basis points. Ouch, again. Here’s my Interest Rate Toolkit to help.

9. NEW on the Cash and Kerry Podcast: Single and stressed? Financial advice when flying solo (this is a smart one)

10. Tweet of the week:

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