Investigating your deep-rooted financial beliefs sets the stage for a better economic future. These money mindset journal prompts will help you to reveal your underlying attitudes about money.
First of all, what actually is a money mindset?
It’s the general beliefs and attitudes you feel about money. Sometimes these beliefs are conscious, but frequently they are not. Your money mindset influences how you make financial decisions, both on a daily and long-term basis.
Your money mindset is often fueled by “money stories”, usually rooted in childhood. Here are a few common ones:
Money doesn’t grow on trees
I can’t afford it
It’s not polite to talk about money
I’m not good with money
Money is the root of all evil
More money more problems
Rich people are greedy and selfish
Money is meant to be spent not saved
Money is meant to be saved not spent
Maybe you recognize one of these stories immediately, but take the time to delve a little deeper.
The following money mindset journal prompts are designed to help you uncover your inner feelings about money, along with the stories you tell yourself about it.
Quick Access
Early Influences
What is your earliest memory of money?
Think back to the first time you bought something with your own money. Do you remember what it was?
Did your family struggle with finances when you were a child?
Did you receive an allowance or pocket money as a child?
Reflect on how the adults in your childhood handled their finances. Do you think your money mindset was impacted by them?
What kind of financial education did you receive in your early years? How did that education (or lack thereof) shape your current money mindset?
Self-Assessment
Would you consider your mindset around money one of abundance (there’s enough to go around) or of scarcity (there’s not enough to go around)?
What emotions come up for you when you think about money?
What fears do you have around money?
Do you have challenges with money?
Describe a financial challenge you currently face, or have faced before. What was the end result?
How can you reframe your negative beliefs about money?
Reflect on a recent purchase that brought you joy.
Reflect on a recent purchase that you regret.
Growth
How are you money stories keeping you stuck?
Focus on one money habit that you’d like to change. What steps can you take towards developing this habit?
Write down five things you are grateful for that money helped you to obtain or achieve.
Reflect upon a financial mistake you made in the past. What did you learn from the experience?
Do your current money habits reflect your personal values? What adjustments might you make?
Write down five positive words to describe money.
What are your financial goals for the future?
Reflect upon your most important financial goal for the next year. Why is it so important to you?
What are some things you can do to improve your current financial situation?
Other
Brainstorm ideas for ways you can save money.
Brainstorm ideas for ways to increase the money you make.
Keep a log of your spending for a week. Then ask yourself the following questions: Was it more or less than you expected? How do you feel about the money that you spent?
Review your last three big purchases. Do you believe they were worth it?
List out all of your monthly subscriptions and memberships. Ask yourself, do you honestly need all of them?
There’s nothing wrong with having some negative beliefs about money. But the truth is that money is neither good, nor bad — it’s a tool. The different ways in which money is used can lead to completely different outcomes.
A healthy money mindset understands that money is a tool, not a goal.
Don’t expect your relationship with money to be healed instantly, these money mindset journal prompts are just the beginning.
By regularly reflecting, you can discover financial patterns and insights into your money mindset. Let these insights guide you towards a healthier money mindset and more fulfilling financial future.
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