One of the foundational practices I work on the most with women is identifying damaging money patterns and replacing them with sustainable, healthy ones.
These patterns are so automatic that most women are completely unaware of them. That is why I wanted to share some case studies that illustrate 3 layers of damaging money patterns. I use the term layers because there are surface layers you can recognize easily and there are deeper layers that are more complex and may require more time and attention to unlearn and replace.
The first one I want to share is probably the most common one to recognize.
Retail Therapy…How many times have you been upset or angry and spent money completely mindlessly on food, clothes, or alcohol?
You’ve probably done it at one point in time or another and it’s so commonplace in our culture that it’s even joked about among women like it’s something to take lightly. Meanwhile you’re spending money that could be covering your monthly expenses, paying down your debt, or paying for your vacation with your family or that special retreat for you.
In the moment it seems like you’re getting what you want, but at what cost?
The second damaging money pattern I want to mention is playing the victim. Have you ever told yourself:
- I’m just bad with money.
- I’m always going to be broke.
- I’m always going to struggle with money. That’s just the way it is.
- I can’t believe this is happening to me again!
These are excuses your unconscious mind uses to keep you stuck in an unhealthy relationship with your money. They give you permission to stay a victim instead of having the courage to take personal responsibility for changing your money situation.
It is important to acknowledge that there may be situations that are beyond your control, but if you reflect on your most challenging money experiences in your adult life, you will find that there were circumstances that you had control of that could have changed the situation or kept it from happening.
To be clear this is not about accepting blame or letting anyone get away with any harm they have done. It’s about objective observation about what behaviors and actions you can own in your relationship with money.
The last money pattern is one of the heavy hitters for women business owners. It’s denying your worth. You undercharge for your services, you overgive of your time and energy, and you berate yourself for not having it all perfect.
This pattern keeps you “busy” doing all kinds of things that are important, except the things that make you money. If you have a family, this is the pattern that keeps you from asking them for support in creating space for you to work on your business. It’s the pattern that keeps your earnings inconsistent.
As a business owner, I still fight my battles with this one because it’s deep in there and identifying, unlearning, and replacing old damaging money patterns takes time.
And I’m here to help you every step of the way!
Much love and respect,
PS: Don’t forget my free 45 minute teleseminar Breaking Damaging Money Patterns on Wednesday February 12th at 7pm. Click on the button below to sign up!
PSS: And if you’re ready for some help you identify and overcoming your damaging money patterns, use this link schedule a time to talk to me one on one. I’ll give you the steps you need to attract more money and manage it in way that brings you the financial freedom you want.
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