To set about changing their money mindset, my clients need to understand where their mindset currently stands. A couple of exercises that help gain insight into their existing attitudes about money include:
Self-Reflection Questions. Asking questions like “What does money represent to me?”, or “What are my biggest financial fears and hopes?” Then writing down the answers and looking for patterns or themes that they not be consciously aware of.
Financial Journaling. Tracking their spending for at least a month and noting what they bought, the cost and why. Reflecting on sending habits can gain insight on their priorities and beliefs about money as well as pinpoint areas that don’t align with their goals.
I’m a great referral for the couple who need help redirecting their money beliefs so they can thrive, not just survive.
Tom Wallace - Wallace Financial Coaching