When it comes to money memories from my childhood, I remember hearing the grown-ups wonder how so-and-so could afford such-and-such and how having said such-and-such was a reckless waste of money. Yet one of my godmothers bought me what my mother terms “too expensive” clothing for a growing child.
I remember being told to save at least half of all the money I received as gifts, found unexpectedly, or worked hard to earn since I didn’t have any bills to pay and didn’t need more than what I already had.
I remember overhearing an argument where someone was just money hungry and would sell ANYTHING if it was salable.
What I don’t remember is talking openly about what money meant, beyond the love of it being evil and how riches would keep me from passing through the eye of a needle.
I also don’t recall any explicit teaching on how to manage and control money, instead of it managing and controlling me.
Money WAS NOT a subject meant to be discussed openly and fully, even with close family members. It especially wasn’t discussed when someone had MORE than you.
How much of this has changed? Does money still control you? Can you have a conversation about what you do and don’t have, money wise, without feelings of anger, shame, guilt, and frustration, possibly even jealousy or envy?
According to several different sources, money is a skill, that can be learned. Each of those links goes to a different resource with different types of financial literacy training for kids through adults.
If you feel you’ve got skills already, but your money is controlling you, instead of you controlling it, you may want to practice these four concepts to money mastery instead.