Money Shaming: What It Is and How to Overcome It.

26/09/2023 35 min Temporada 4 Episodio 51
Money Shaming: What It Is and How to Overcome It.

Listen "Money Shaming: What It Is and How to Overcome It. "

Episode Synopsis

Send us a textMoney shaming is real - unfortunately, it's even likely something you do to yourself. Whether you struggle to make ends meet, or you have enough money but don't feel like you handle it well, money shame can negatively impact your life.Mel shares "Real Talk" about what Money Shaming is and how to over come it!1. What Is Money Shaming?2. Who Money Shames3. Why Money Shaming Occurs4. Reasons for Money Shaming5. Consequences of Money Shaming6. Contributing Factor to Suicide7. Decreased Self-Esteem8. Depression9. Impedes Success at Work10. Difficulty Managing Personal Finance11. What Makes Shaming Worse12. Stigma Around Money Talk13. Judgment From Self and Others14. Hiding Money ShameOvercoming Money ShamingHere's the good news: you can overcome money shame!You may need some help getting there, but you can create a plan to fix it once you do.Understanding Where It Comes FromKnowing where your money shame comes from can help you address the problem from its roots, not just the surface level.Getting Comfortable Talking About MoneyBeing able to talk about money is crucial to overcoming money shame. Start by getting comfortable talking to your partner about money. Make sure you're both on the same page and have an agreed set of goals.Managing Money and BudgetingFinally, managing your money properly is the best way to overcome money shame. There is no right or wrong way that works for everyone, though. Try to figure out a budget that works for you to better take charge of your money. If you can't figure out a budget, or have trouble sticking to it, consider working with a financial therapist, certified financial planner, or financial advisor to get back on track.