Money affirmations, or money mantras, are brief sentences that encourage you to visualize a future of abundance through simple thoughts said repeatedly. Affirmations, when practiced regularly, can potentially improve your self-worth by reflecting internally on your core values.
Whether you’ve fallen on hard financial times, feel unable to accomplish your money goals, or struggle with financial literacy — these affirmations about money can help you develop your resilience and change your belief system. That way, you can feel confident to take positive actions to improve your financial life.
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A study published in the journal Social Cognitive and Affective Neuroscience led by Christopher Cascio discovered that affirmations can increase overall well-being by making people more open to behavioral changes.
So, how can you use money affirmations to change your behavior?
Your beliefs directly impact your emotions. How you feel will dictate your behaviors.
When we break a cycle of negative thoughts by repeating positive affirmations, we can break the pattern of negative or limiting beliefs.
When the inner dialogue changes, our beliefs can begin to shift and we’ll start to feel more positively about money.
Those positive feelings about money create confidence to change behaviors and take actions to shape your financial future!
The law of attraction states that our thoughts create our reality.
Belief modification, at its core, is what allows people to attract what they focus on — known as the law of attraction. This concept says before you can set goals to achieve the life you want, you have to envision it — which includes your financial life.
Repetition is key. It takes daily practice to change your inherent beliefs about something, and even longer for those beliefs to change your emotions and eventually behaviors.
Cascio discovered that repeating affirmations improves “self-processing, valuation, and systems when reflecting on future-oriented core values,” meaning we can shift our perception of the future by successfully repeating these statements.
Using the list of mantras below, pick one or two that speak to you most. Whether they inspire or frustrate you, find affirmations that spark emotion. Then, use the digital downloads to set a money affirmation as your phone background for a reminder to repeat them.
While it’s easy to fall into negative feelings about money, those adverse perceptions often limit us to finding the pattern that perpetuates the situation instead of overcoming it. If you’ve encountered financial shortcomings, find a mantra that encourages those challenges as financial lessons rather than setbacks.
Mantras about money don’t always have to reflect your current financial situation, and oftentimes they don’t. Money affirmations are a belief that a certain outcome is possible, like earning an abundance of money. These statements exist as truth you’re working towards in the future.
Money mantras should be your cheerleader. Use them to help instill resilience and bring confidence for your financial future.
By practicing money affirmations we can build resilience and self-competence that in turn, reduces emotional spending triggers.
Today, it’s not uncommon to have impulsive spending habits. You’re constantly surrounded by advertisements, social media that maintains an ideal of “keeping up with the Joneses,” and the option to shop online with the promise of one-day delivery.
Common triggers of emotional spending, like jealousy and sadness, are threatening emotions related to our self-worth.
Emotional spending is a type of impulse purchase where you buy something you don’t need, and occasionally, don’t want. In moderation, emotional spending doesn’t have a major negative impact. In chronic cases, though, this type of buying can lead to financial turmoil from overdraft fees, debt, or bankruptcy.
Common triggers for impulse spending can include:
A study in the Journal of Personality and Social Psychology notes that some people have inherently more self-resilience in regards to self-image than others. Those without this trait are often more susceptible to emotional spending, especially when they feel their image is threatened. Repeating these money affirmations can help manage emotional spending through learned resilience.
While existing money mantras can be useful, creating a personalized affirmation is more targeted towards your specific needs and therefore, has a more powerful effect on your thoughts and beliefs.
When developing your mantras, consider the elements of successful affirmations.
Your affirmations should:
Print this step-by-step worksheet to help you create personalized money affirmations that will serve your highest self.
Step 1: Reflect. Spend some time journaling and thinking about your financial accomplishments, biggest challenges, and goals.
Step 2: Refine. Look at your journal entries and find common themes or specific elements that create strong feelings — whether positive or negative. Describe the goal, concept, or emotion in six words or less.
Step 3: Repeat. Find a single statement using your refined reflection that makes you feel power and energy, write it down, and repeat it as often as you can. Add gentle reminders that you’ll see throughout your day so you can practice when you wake up, as you get ready, when you’re enjoying your meals, when you need a little extra boost, and before you go to bed.
Mantras can be used in every aspect of your life to develop a powerful and positive belief system. While repeating these money affirmations can help you change your financial mindset, you also have to act on these thoughts. It’s not enough to say you’re worthy of having more money, you have to actively look for the opportunities to create abundance in your life — like a loan with financial fairness.