How to Heal Your Relationship with Money | IAWP Holistic Wellness Coach (2024)

Money is one of those topics most of us save for those “have to” moments. If there’s no urgent need to focus on money, we’d much rather think about something else. Like dinner, laundry, or scrubbing a toilet. But when your goal is to increase your wellness holistically, it’s time to face your relationship with money.

Our relationship with money is formed early in life through a mix of experiences with other people and the world around us. Perhaps you grew up in a religious household where you often heard “money is the root of all evil” and other negative sentiments toward money. Or maybe you grew up hearing “we can’t afford that” over and over and over again.

Some of us grew up with plenty of money around, but we were taught poor management skills and never learned to save or spend cautiously. Whichever situation strikes a chord with you, the majority of us have had to wrestle with poor attitudes toward money throughout our lives.

Often, this has led us to fear, anger, frustration, and sadness around money. We hear the words “money” and “finances” and our heartbeat picks up a few paces. But if you truly want to break free of unhealthy behaviors and step into the holistic wellness space, you’ll need to focus on your relationship with money along the way.
How to Heal Your Relationship with Money | IAWP Holistic Wellness Coach (1)

What a Healthy Relationship with Money Looks Like

Most of us have seen what a poor relationship with money looks like, but we don’t even really know what a healthy relationship looks like. Imagine knowing exactly where all your money is going, when, and how much. Opening up your bank account information with neutrality or positivity, instead of worry and fear of what you’ll find.

In your work, you’re not afraid to tell clients your fees and then confidently stand by those fees. If you have an employer, you happily ask for raises and feel confident when doing so because you know how to communicate your value. Asking for money, in general, feels easy because you know you’re worth it.

At home, you only pay for things you love, that you need, and that you believe in. Frugality plays into your life, but you look at it as a mindfulness activity. The goal is to spend your money in ways that feel positive and that you believe in. When you need to buy something, you feel empowered to buy the best quality you can afford and that matches your values about sustainability and human rights.

With your family, you work to create memories and to teach your kids or the children in your care about healthy money attitudes. You live as though money flows your way easily, comes abundantly, and is meant for you. You have replaced negative comments like “we can’t afford that” with positive statements like “that sounds fun – let’s find a way to make it happen.”
Overall, you feel positively toward your relationship with money instead of fear and depression. You’ve healed your relationship with money and finances. So how do you get there?

How to Heal Your Relationship with Money

Here are a few exercises to help you get started toward a more abundant money mindset.

1. Realize that money itself is neutral.

We tend to direct our negative attitudes toward money itself. In reality, money is just a tool like your car, your computer, or your clothes. Any emotion we associate with it comes from inside us instead of from the money itself. Once you pull away all the cultural attitudes, you can start seeing it for what it is. Then you can start healing your feelings toward it and move toward abundance.

2. Weave self-value into your mindfulness practice.

We often attach our feelings of worthiness to money and get confused about where our feelings end and the money begins. Learn to pull these ideas apart and begin to think about your perception of value. The more that you feel valuable, the more confident you will feel about being worthy of receiving money. Use your mindfulness practice to work on your sense of self-value.

3. Get therapy for deep trauma that might be causing money blocks.

We tend to think of money as surface-level fluff. But really, sometimes our money blocks come from deep, deep issues that need to be resolved. Don’t be afraid to take your money issues to a good therapist who can help you heal. By healing your trauma, you might find your money attitude transform into something more positive.

4. Start a gratitude journal.

Most of us who worry about money tend to hyperfocus on lack. We might fixate on all the things in our lives that are going wrong, aren’t enough, or just aren’t right. By starting a gratitude journal, you can help shift your mindset from one of lack to one of abundance. The more abundantly you think, the more you’ll approach things from this perspective. Practicing gratitude will also help you focus on how things are going right in your life, which will encourage you to create more goodness.

5. Take time to be with your money mindset.

Having a relationship with money takes effort, just like having a relationship with a person does. Try to set yours up from a positive, trusting perspective so your relationship can flourish and grow. Remember that money itself is neutral and it’s your job to give it the beautifully positive vibes you’ll need to heal. Set up regular “dates” with your money so you can give it focus, infuse your intentions into it, and help it feel your abundant energy.

6. Be willing to learn and get professional help.

The healthiest attitude to have about money is to get curious about it. Read books that help you shift your mindset and grow your relationship with money. Attend workshops and classes in person and online. Invest in software and apps that help you grow abundant thinking and track your money in positive ways. Hire professionals who can help you get on track, invest wisely and sustainably, teach you new ways, and help you stay accountable. Don’t be afraid to stretch your abundance muscle and grow so you can invite more money into your life.

Lean Into Your Relationship With Money

Our society loves to shame those who are financially successful. If you’ve worked hard to develop a positive money mindset, healed your relationship, and invested in your self-worth, know that you’re building a healthy money mindset for life. Keep showing up for yourself and your growth and it will pay off. Over time, you’ll notice things changing in your world in big, abundant ways.

Always remember that a crucial part of wellness is financial wellness, and you’re worth investing in.

If you’re feeling the call to help others rebalance out their relationships with money, you might enjoy becoming a Wellness Coach. Our unparalleledaccredited Holistic Health and Wellness Coach certificationoffers uniquesupport and systems to ensure you start your career off right.Reach out to an admissions advisor today to discover how our program can help you achieve your goals!

How to Heal Your Relationship with Money | IAWP Holistic Wellness Coach (2024)

FAQs

How to Heal Your Relationship with Money | IAWP Holistic Wellness Coach? ›

Take time to be with your money mindset.

How can I fix my relationship with money? ›

Here are 6 ways you can repair your relationship with money and fall back in love with your finances:
  1. Show up for yourself and your money.
  2. Don't be afraid of the hard stuff.
  3. Be open to change.
  4. Celebrate your wins―and forgive your losses.
  5. Make it a priority.
  6. Create open communication.

How to develop a healthy relationship with money? ›

7 Steps to Build a Healthy Relationship with Money
  1. Ask Yourself the Hard Questions. ...
  2. Improve Your Mindset. ...
  3. Set a Goal for Your Relationship with Money. ...
  4. Forgive and Accept Yourself. ...
  5. Educate Yourself. ...
  6. Seek Professional Guidance. ...
  7. Make Money Work for You.
Mar 14, 2024

How to make money as a holistic health coach? ›

Most Successful Health Coaches Have Multiple Income Streams

Many health coaches do 1:1 health coaching but also run group coaching programs, corporate wellness programs or online programs. They might also sell e-Books or video training programs. They might sell supplements, essential oils or herbs.

What does an unhealthy relationship with money look like? ›

"Often times, those who have an unhealthy relationship with money have a hard time spending money on themselves because they can't justify it in their head," Badillo told INSIDER. "They experience a lot of guilt for purchases that they make and they can't stop talking about it."

Can lack of money ruin a relationship? ›

One-quarter of all couples say money is their greatest relationship issue. Couples can employ various tools and strategies to pay off debt. Couples should communicate their expectations and ideas about how to raise and pay for children. A financial advisor or planner can provide couples with unbiased advice.

How do I get my life together financially? ›

Key Takeaways
  1. Set life goals—big and small, financial and lifestyle—and create a blueprint for achieving those goals.
  2. Make a budget to cover all your financial needs and stick to it.
  3. Pay off credit cards in full, carry as little debt as possible, and keep an eye on your credit score.

What does psychology say about money? ›

Some feel a positive connection to money, where it's a tool to help them build a satisfying and secure life. Others associate negative emotions like stress with money – either from not having enough or being uninformed about how to make the best use of it.

How can I be financially stable with my partner? ›

Make a plan (whether joint or separate)

Both partners should be aware of how much money is coming in and going out each month. Create a monthly budget that meets both your goals and needs. Talk about what you're comfortable spending on gifts for each other.

What does a holistic wellness coach do? ›

A certified holistic wellness coach is a professional who works with people who want to improve their overall health and life or those who have may have health risks, chronic conditions, or disease, working with them to motivate a change in their behavior to improve their wellness.

Are holistic health coaches in demand? ›

Yes! The wellness coaching industry has grown in the past couple of years. According to Marketdata, the health and wellness coaching industry was projected to grow by 2.7% in 2021 and 5.4% per year.

How do I become a successful wellness coach? ›

8 Qualities of Successful Health Coaches
  1. They have an entrepreneurial spirit. ...
  2. They practice what they preach. ...
  3. They care deeply about helping people feel their best. ...
  4. They're professional. ...
  5. They listen actively. ...
  6. They respect boundaries. ...
  7. They're goal-oriented. ...
  8. They're lifelong learners.
Feb 21, 2023

Why is my relationship with money bad? ›

Toxic relationships with money are typically associated with big or frequent spenders. However, this is not always the case. Overanalysing what you spend each month, along with the habits of those around you, could be a sign that you are fearful of spending.

Is money a reason to end a relationship? ›

Money alone might not be the main reason many couples choose to divorce, but it plays a huge role in the reduction of relationship satisfaction. A study of one hundred husbands and one hundred wives showed money as the 6th and 5th most discussed subject during marital conflict¹.

What to do when you're financially trapped in a relationship? ›

Seek financial advice

Your adviser will look at your income, savings and assets to determine exactly what you're working with. They'll also work with you to identify your life goals and lay out a plan of action to get there.

How many relationships fail because of money? ›

Money is widely known as one of the leading causes of divorce in America. It's estimated that financial problems contribute to 20-40% of all divorces. That means that for every 10 marriages that end in divorce, four of them are because of money.

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