Which Money Script Do You Live By?
Your money script is a story you tell yourself about money. This story, the way you approach your finances, an outlook on a certain segment of your life, can have a significant effect on your behavior. In the growing field of financial psychology, the money script is a key element for clients and patients. Financial psychology is not quite a mainstream field of psychology yet, nor is it an approach that financial advisers normally consider. For clients who work with financial psychologists, however, there is a clear benefit. Addressing stress-related issues from a financial behavior angle has been shown to be effective. For those who undergo this type of counseling, psychological distress decreases. When the practitioner is trained, clients come away with a better psychological relationship
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