Your parents taught you something about money, even if they didn't mean to.
After speaking with several hundred individuals in the last two years about their relationships with money, I've found that money woes start early in childhood.
Children watch their parents and learn much more than they're overtly taught. Children learn reactions, emotions, stress, gratitude, and much more from simple observation.
What did you learn from your parents about money?
In this episode, we go over four different kinds of family money management methods and ask questions to see which one you might fit into.
The four money management methods are:
1. Open communication & unstable finances
2. Open communication & secure finances
3. Closed communication & unstable finances
4. Closed communication & secure finances
Which one are you from?
More importantly, which method will you bring into your own family?
Did you feel like your parents had enough money or that they were stressed out or anxious about the cost of things?
Were your parents spenders or savers? How is that affecting how you relate to money now?
Did your parents fight about money often or did they agree on how to manage their money?
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