Money Scripts and the Psychology of Money

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Shame is an emotional glue trap. It keeps us stuck in our financial behaviors, he says. People who are poor and low income can benefit the most from understanding their money scrips. Understanding that a part of why you are where you are is just a stroke of fate,. You can't help what family system you are born in. But understanding that you have the power to examine those beliefs so you can better your life.

Money worries are one of the biggest sources of anxiety in the lives of Americans. This week, we kick off our new "Money 2.0" series with psychologist Brad Klontz. He says that while external economic forces often shape our financial well-being, our unconscious beliefs about money also contribute to how well we manage our money.

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