![]() Understanding the symptoms of that stress is key to eliminating damaging money scripts. and Canada) were more stressed about finances in 2022 than they were in 2021. According to a December 2022 study by Canada’s Financial Wellness Lab at Western, 60% of North American employees (U.S. “Avoidance, money worship, money status and money vigilance: These are all money scripts that can manifest as a result of childhood trauma,” added Reynolds.īut it’s not just childhood trauma that can create these money scripts - your experiences as an adult can also induce trauma.Īnd the consequences can lead to serious psychological distress. This advertisement has not loaded yet, but your article continues below. Reynolds goes on to explain these attachment styles play out in our relationship with money through patterns, or what are known as “money scripts,” which are essentially our unconscious beliefs about money. While a secure attachment is the ideal, in reality, not everyone is lucky enough to have always felt supported, protected and cared for in early childhood. Whether you’re anxious, avoidant, disorganized or secure, your attachment style will often dictate how you relate to money, says Reynolds. ![]() To understand how trauma impacts your money habits, Michael Reynolds, a financial advisor and therapist and founder of Elevation Financial, points to the different attachment styles people develop when they’re young. Understanding your attachment style to money She also co-founded the Trauma of Money Method, a platform that helps clients with money issues, and trains financial professionals and therapists.Īcknowledging trauma and tackling financial hangups can be challenging, but as Chapman’s experience shows, breaking those patterns opens up the possibility of a stronger financial future. Inspired by her realization, Chapman has spent the past 15 years working as a financial literacy educator. Activate your Online Access Now Article content If you are a Home delivery print subscriber, unlimited online access is included in your subscription.
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