Money Scripts Defined
Money scripts® are the unconscious beliefs about money. These are beliefs that are rooted in our childhood that ultimately shape our financial health. Knowing yourself better is the best starting point for making change. You learn to understand why you make the choices you do. Financial outcomes and financial behaviors are both impacted by your money scripts®.
The importance of money beliefs cannot be overstated. Money scripts® are:
Money Scripts® have been used in research and have found to be associated with:
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Klontz Money Script Inventory (KMSI)
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There are many resources available to help you improve how you manage your money. In the past, when you searched for financial counseling help, you likely came across a traditional methodology of creating a strict monthly budget and micromanaging your spending. Today, this analytic, by-the-numbers approach still survives and can add value for many adults. But if you’re an adult struggling with organizational skills, impulse-control, follow-through, attention to details, and future planning, there is another approach. Recently, this approach has gained momentum in the field—it’s called Financial Capability Counseling