3 Habits To Transform Your Relationship With Money, By A Psychologist

A study cited in npj Mental Health Research followed Dutch households before and during COVID-19.

Changes in financial stress, not changes in actual income, predicted changes in mental health.

Financial psychologist Dr. Brad Klontz and colleagues introduced the idea of money scripts.

Money scripts are deep, often unconscious beliefs about money that are formed in childhood.

In a study of 422 participants, four money belief patterns were identified: avoidance, worship, status, and vigilance; three were linked with lower income and net worth.