Why Are We So Emotional about Money?

If money brings up a lot of emotions for you, you’re not alone. Financial expert Ramit Sethi explains our relationship with money is just as personal and valuable as any other relationship in our life. Here are some ways to build a healthier relationship with money.

• First, know that it’s okay to feel emotional about money. Use them to understand your values, your fears, your needs, and your wants.
• Then, start educating yourself about money. Understand what terms like credit, loan, compound interest, etc. mean. Often, the fear of money comes from a lack of knowledge or awareness about it.
• Finally, be inspired by money. Instead of focusing on what you don’t have, think about what money can buy. Don’t just focus on the materialistic aspects but also the experiences it affords you.