Impact of Negative Self-Talk on Financial Behavior

Negative self-talk following a financial mistake led Meghan to view herself as incompetent, creating a destructive cycle of behavior and self-blame. This pattern continued for 15 years, affecting her ability to manage money and causing a fear of holding onto cash. This fear led to immediate spending and further financial mistakes, perpetuating negative behaviors and self-destructive tendencies. Eventually, Meghan became a marriage and family therapist specializing in financial therapy, merging money management with mental health expertise.