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Three tips to improve your relationship with money (and why it matters)

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By Capital Partners Lifestyle

It’s no secret that your experiences can shape your relationships – especially with money.

From your upbringing, to significant emotional events, including separation or loss of a loved one, these all have the power to impact this relationship.

Your relationship with money has many touchpoints. It can dictate how you feel about the future, how you make decisions and your sense of fulfilment. This is where financial self-care can prove invaluable.

We know that when you give your relationship with money the attention it deserves, you can improve your overall well-being and take charge of your financial journey.

1. Revolve every decision around your goals

Improving your relationship with money begins when you’re clear on what matters most.

That’s because when you’re clear on what you want and where you are going, the reactionary trade-offs faced in day-to-day life disappear, becoming holistic, informed choices.

It’s natural for your relationship with your finances to ebb and flow over time, but it’s important to recognise that it doesn’t have to. It is with knowledge and empowerment that you can better understand your relationship and make choices that support you in achieving true prosperity.

2. Take an interest, be involved

Over the years, we have found that those with a positive relationship with money want to be involved and those that don’t, shy away.

If you find yourself in a position of resistance, an opportunity exists for you to take the relationship to a more fulfilling place by leaning into money conversations.

Your relationship with finances is an intimate one, with you being the best-placed person to say what is right for yourself and your future. It is important to remember your value in the relationship and not be afraid to be involved. If you have the added value of being guided by a strategy, take charge with this certainty, and let yourself enjoy your wealth.

3. Celebrate your wins and success

Successful wealth management is an ongoing process that requires regular reflection and management. But what is all the work for if you don’t celebrate the wins and success along the way?

Celebrating your successes can support you in building a healthy, positive relationship with your finances. It can remove barriers, allowing you to see the results of your hard work come to life!

Life is to be enjoyed, and part of building a healthy and empowered relationship with your money is celebrating the milestones and moments that matter.

The best time to start a project is yesterday, and the second best is right now. There will never be a better time to arm yourself with the information and the tools you need to feel empowered and in control. We have learnt through hundreds of conversations that money is not what makes people happy. Stability, commitment, and comfort do. Your money will lead you to a richer and happier life when it is managed with purpose. When you begin to reflect on your relationship with money and take action to make it the best it can be, you initiate your journey towards living your most fulfilled life.

The information provided on this site is of a general nature only and may not be relevant to your particular circumstances. The circumstances of each investor are different and you should seek advice from a financial planner who can consider if these strategies and products are right for you.

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