![]() ![]() Andrea felt embarrassed when she wore tattered hand-me-downs to school but would never complain to her hard-working dad.How those messages affected Andrea growing up: “Being irresponsible with money is shameful.”.“Buying anything brand new is a waste of money.”.Even better is that creating a money genogram isn’t a complicated process, nor does it require the help of a professional. Your money genogram can bring childhood messages and experiences into your conscious awareness, revealing any beliefs and behaviors that may be interfering with your financial decision-making today. Why the Money Genogram Is a Powerful Tool That’s because our money stories are ingrained in our subconscious mind. But even though your money story is a major influence on how you feel about money, chances are you’re not even aware of it. These thoughts and beliefs might have been taught, observed, or both. Your financial behaviors and decisions are greatly affected by previous generations’ thoughts and beliefs about money. Money Stories Are an Unknown Influence on Financial Behavior Money stories and the messages within them aren’t inherently good or bad-it’s how they influence you that matters. In other words, what did family members and caregivers in previous generations teach you about money, how to manage it, and its purpose in life? These messages are part of your personal history with money, also referred to as a “money story.” The money genogram tracks this generational transmission of money messages and how they affect you today. And like the genetics in your family tree, attitudes and behaviors about money also get passed down. Instead of beating herself up, she can use a money genogram to find out why she keeps making the same mistakes-and how to stop.Ī money genogram is like a lot like a family tree diagram. Ingrained beliefs about money have been influencing her financial decisions for years. I’m trying so hard…why do I always make a mess of things? She wondered.Īndrea didn’t realize that her situation isn’t due to a character flaw. She’d been in financial jams before and was trying to turn over a new leaf-again. She didn’t spend money on herself because her sons came first. “I’ll have to call my credit card company.” She left the school clothes she’d picked out for the boys on the counter and walked away with her head down.Īll I want to do is take care of my family, she thought. After missing two payments, her card had been deactivated. “I don’t know what the problem is,” she said. Andrea stood at the cash register, flushed with humiliation. ![]()
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