The Financial Therapy Podcast - It's Not Just About The Money cover image

The Financial Therapy Podcast - It's Not Just About The Money

#17 – Money Scripts and Emotions Can Raise Your Taxes

Aug 24, 2021
This podcast explores the impact of money scripts and emotions on tax deductions, discussing how over-emphasizing deductions may cost more than they save. It also delves into the concept of money disorders and how they are developed, as well as the connection between money scripts and traumatic experiences. Additionally, it addresses therapists' concerns with behavioral disorders and the consequences of financial denial and underspending. The podcast provides insights on understanding and modifying common money behaviors rooted in emotional wounding.
23:01

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Quick takeaways

  • Money disorders and problematic money behaviors stem from underlying emotional wounds and past traumas.
  • Understanding the roots of money behaviors and exploring associated beliefs is key to addressing and modifying them.

Deep dives

Money Disorders and Problematic Money Behaviors

Money disorders and problematic money behaviors are rooted in traumas or dramas experienced in our lives. These traumas shape our stories and behaviors around money, leading to the formation of certain beliefs and scripts. These money scripts become habitual behaviors that organize our financial decision-making. Some examples of money disorders include workaholism, compulsive buying, gambling addiction, hoarding, and financial dependence.

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