TETRA IMAGES/ GETTY IMAGES | The price of anything is the amount of life you exchange for it

How Money Changes the Way You Think and Feel

Business March 20, 2023

TETRA IMAGES/ GETTY IMAGES | The price of anything is the amount of life you exchange for it

Money is a powerful force that can change how we think and feel. Whether we have a lot of it or very little, money impacts our lives in numerous ways. Here are some of the ways money can change the way we think and feel:

Increases Confidence

Having money can increase our sense of confidence and self-worth. Having financial resources, we may feel more secure in handling unexpected expenses and achieving our goals. This can lead to greater confidence in ourselves and our ability to navigate the world.

Karkhu/ Fotofermer | Never spend your money before you have it

Creates Stress

On the other hand, money can also create stress and anxiety. When we don’t have enough money to meet our basic needs or cover unexpected expenses, it can cause significant financial strain. This can lead to feelings of worry, fear, and helplessness.

Influences Our Priorities

Money can also influence our priorities and values. When we have a lot of money, we may place a higher value on material possessions and status symbols. Conversely, when we don’t have a lot of money, we may prioritize more practical needs such as housing, food, and healthcare.

Shapes Our Identity

Money can also shape our identity and sense of self. Our financial situation can impact our social status, the types of relationships we form, and our overall sense of worth. This can create a complex relationship between our finances and sense of self.

Joe Howard/ Pinterest | Don’t go broke trying to look rich

It affects Our Mental Health.

Money can also have a significant impact on our mental health. Financial stress and insecurity can lead to anxiety, depression, and other mental health problems. Conversely, having financial resources can lead to feelings of happiness and satisfaction.

Influences Our Relationships

Money can also influence our relationships with others. When we have more money than those around us, it can create resentment and jealousy. On the other hand, when we don’t have as much money as those around us, it can lead to feelings of inadequacy or inferiority.

Impacts Our Decision-Making

Finally, money can impact our decision-making. When we have more money, we may be more likely to take risks and make big purchases. Conversely, when we don’t have as much money, we may be more conservative and cautious in our decision-making.

Jonathan Kantor/ Self | A penny saved is a penny earned

Final Thoughts

Money is a powerful force that can change how we think and feel. It can increase our confidence and self-worth but also create stress and anxiety. It can influence our priorities and values, shape our identity, and affect our mental health. However, it’s important to remember that money is just one aspect of our lives.

While it may impact our thoughts and feelings, it’s not the only factor that defines us. Building positive relationships, engaging in meaningful work, and prioritizing our mental health and well-being can create a more fulfilling and balanced life, regardless of our financial situation.

Ultimately, the key to managing the impact of money on our thoughts and feelings is to cultivate a sense of mindfulness and perspective. By being aware of our thoughts and emotions about money and developing healthy coping strategies, we can create a healthier and more fulfilling relationship with our finances.