Aditya Shukla, Psychologist, Cognition Today
Scripts are our beliefs about money.
We have a relationship with money based on Money Scripts.
Money scripts are beliefs and habits about money that come from culture, family values, financial status, purchasing power, scarcity, and past experiences (Klontz, 2011)
We treat money negatively. – we feel we don’t deserve it – we avoid discussing it – we sacrifice it
We think money solves all problems. – we ignore relationships and ethics for money – we obsessively desire and hype money
Our self-worth comes from money. – we flex our earnings & show off possessions – our purchases define us
We get anxious & extra careful about money. – we become hyper-savers – we sacrifice well-being for savings – we constantly worry about finances
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Personal sense of worth, accurately valuing yourself in a job, asking for promotions, etc.
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Tax compliance, Donations
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CIBIL score, interest rates, loanability
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Money-borrowing-based friendship & family conflict