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    How to Have a Healthy Relationship with Your Money

    enJuly 11, 2024
    What are the negative effects of hormone disruptors?
    How does Hormone Harmony aim to support women's hormonal health?
    What is the significance of recognizing attachment styles with money?
    How can emotions impact financial decision-making?
    What strategies can help manage impulsive financial behaviors?

    • Hormonal health, Money anxietiesHormonal health can be impacted by environmental hormone disruptors, and financial stress can lead to anxieties and toxic patterns. Consider using science-backed herbal solutions for hormonal balance and addressing attachment styles and patterns for financial peace.

      Our environment is filled with hormone disruptors that can negatively impact our hormonal health, but there's a solution. Introducing Hormone Harmony by Happy Mammoth, an herbal formula designed to reduce hormonal symptoms in women of all ages. The company is committed to using only science-backed ingredients. Meanwhile, when it comes to money, many of us have complex relationships with it. Money can bring up feelings of shame, anxiety, and even toxicity. Financial therapist Amanda, a returning guest, shared her experience of having tens of thousands of dollars in credit card debt and how it led her to a new career direction. She emphasized the importance of recognizing and addressing our attachment styles and patterns with money. And for those dealing with money anxieties, Amanda is here to help. Take the short survey at bit.ly/thedoughsurvey for a chance to win a $100 Visa gift card and continue the conversation.

    • Financial rock bottomReaching financial rock bottom can trigger emotional transformation and lead to seeking help and adopting a spending plan to address the emotional and behavioral aspects of money management.

      Hitting rock bottom financially can be a transformative experience. For Amanda, this moment came when she could no longer ignore her mounting debt and the consequences of her spending habits became apparent in a very visible way – a bad haircut from her mom. This realization led her to seek help and adopt a spending plan as a means to identify and prioritize her needs. Financial therapists play a crucial role in this process by helping individuals understand the emotional significance of their financial challenges and developing strategies to address both the behavioral and emotional aspects of money management. Money is emotional, and recognizing and addressing the emotional drivers behind our financial decisions can lead to lasting change.

    • Attachment Styles and MoneyOur attachment styles, formed by our early caregiving experiences, impact how we relate to money. Secure attachment leads to trust and belief in meeting needs, while avoidant or anxious attachment may result in mistrust and difficulty identifying needs.

      Our early experiences with caregivers shape our attachment styles, which in turn impact how we relate to money. Those with secure attachment styles, formed when caregivers are responsive and attentive, approach money with trust and a belief in their ability to meet their needs. In contrast, those with avoidant or anxious attachment styles, formed when caregiving is unreliable or chaotic, may struggle to trust in the availability of resources and have a harder time identifying and meeting their needs. Understanding our attachment styles can provide valuable insights into our financial behaviors and help us work towards healthier relationships with money. Additionally, starting a fundraiser through GoFundMe.com/Do gives listeners a free coaching session and the opportunity to improve their financial situation. Meanwhile, Hormone Harmony by Happy Mammoth offers relief for women dealing with hormonal symptoms through science-backed adaptogens.

    • Child's sense of security and self-worthA caregiver's ability to meet a child's needs instills trust and validation, while inconsistency or inability can lead to feelings of insecurity and shame.

      A child's sense of security and self-worth can be significantly influenced by their experiences of having their needs met by their caregivers. The speaker shares how her mother's ability to provide for her needs, no matter the circumstances, instilled in her a sense of trust and validation. This supportive environment allowed her to focus on her social development and feel secure enough to ask for help when needed. Contrastingly, if a caregiver is overwhelmed or unable to provide, it can lead to feelings of insecurity and shame, potentially shaping a child's relationship with money and their own worth. The speaker also acknowledges her own privilege and the importance of recognizing and addressing the potential impact of unequal access to resources on individuals' development.

    • Impulse ControlImpulses can lead to negative consequences if not managed properly. Building a structure or environment can help provide boundaries and keep impulses in check for healthy and sustainable financial choices.

      Impulses are a natural emotion, but they can lead to negative consequences if not managed properly. Impulses, such as the desire to spend money or make a purchase, can feel good in the moment, but can lead to stress and debt if not balanced with a full understanding of financial circumstances. Building a structure or environment, such as bringing in a trusted advisor or business manager, can help provide boundaries and keep impulses in check. It's important to make financial decisions from a regulated and secure headspace, considering the context of all factors in your life. This approach allows for healthy and sustainable financial choices.

    • Emotional management and financial decisionsAsking ourselves questions about values and priorities, and creating a system for safely exploring desires and impulses, can help us make intentional and effective financial choices.

      Managing our emotions is a crucial aspect of making informed financial decisions. Many people experience anxiety or stress when it comes to dealing with money, leading them to avoid looking at their finances altogether. This "drive-by money" approach can result in impulsive purchases and a lack of clarity about our financial priorities. To make decisions from a regulated and secure headspace, it's essential to ask ourselves questions about our values and priorities, and consider where else our money could be used. Additionally, creating a system for safely exploring our desires and impulses, such as saving items in a cart or keeping a wish list, can help us avoid impulse buys while still allowing us to experience the pleasure of shopping. By recognizing and addressing our emotions, we can make more intentional and effective financial choices.

    • Money management emotionsSeeking support and strategic planning are crucial for effective money management, as it's a complex emotional process with potential for deep emotional weight.

      Money management is a complex emotional process that requires self-awareness and strategic planning. Financial therapist Amanda Clayman emphasizes the importance of moving beyond impulsive financial decisions and instead, thinking and behaving strategically. She encourages seeking support and community when dealing with financial struggles, as money issues can carry deep emotional weight. Amanda can be found at amandaclayman.com and on Instagram, and resources such as Debtors Anonymous and Under Earners Anonymous offer safe spaces for those dealing with debt and related shame. Remember, it's okay to ask for help and recognize that financial growth is a journey.

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