How Your Spending Habits Are Connected to Your Mental Health

 

Photo by Artem Bali on Unsplash

 

What you spend our money on says a lot about how you feel about yourself. While it’s okay to spend your money on alcohol, parties, etc once in a while when that becomes your main source of fun and spending money, it could be an indicator of a deeply rooted issue. There are many ways in which how you spend your money reflects your mental health. These 3 are some of the most common.

 

1. Relationships and Money

Money is one of the biggest stressors in a relationship. You can either be the person who is afraid of not having enough so you’re afraid to spend it or you could be with someone who uses yours or their money to manipulate and control the relationship. The challenges money can bring to a relationship can quickly diminish a healthy one. You may give your partner money often, potentially enabling a bad behavior or habit or you may allow your partner to control the spending of your own money. Neither practice is indicative of a confident and mentally strong individual.

 

2. Emotions and Money

impulsive spending habits are reflective of someone who may have grown up in a controlling home. Impulsive spending is a form of rebellion. While you may not consciously be thinking you’re spiting the person who controlled the finances when you were younger, subconsciously you’re reliving the time when you didn’t have control over what you wanted. Many people spend impulsively on alcohol, drugs, clothes, trips, etc. While an impulse splurge is okay once in a while, you’re allowed to live, it becomes a problem when you can’t control the impulse. The inability to control the impulse may indicate a deeper problem is going on. Something deeper than a 70% off shoe sale.

 

3. Core Beliefs and Money

Emotions are a reaction to something happening in our lives. A core belief is something you hold true to your heart. However, you can have emotional responses to your core beliefs. Growing up in a healthy environment you learned core beliefs like, “I am worthy” or “I am safe” which means that you never really felt like the world was against you. Those who grew up in an unsafe environment may not feel this way and their spending habits will reflect that. You might be afraid to spend because you have a core belief that people are not innately good or are out to get you.

 

If you’re struggling with your spending habits, it could be something bigger. Self-control is not always innate and is often times learned. At North Brooklyn Therapy, we can help you objectively look at some of your spending habits and connect them to your emotions. If you’re curious about how your mental health is impacting how you’re spending your money, contact us today to schedule an appointment.

 

 

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