A financial psychology it's not a very well known concept yet. Most people haven't even heard of it. As a result, this group may end up getting lost in dealing with their own money.

Therefore, it is fundamental that this subject be more disseminated. Thus, it is possible to discuss about all the important points that surround it. Of course, this is a process that requires a lot of research.

So, we decided to make your job easier. Here, you will know the theme in detail. see how to financial psychology directly affects your pocket.

You must know that person who spends without any limits. She only realizes that she has passed the point when a purchase is not authorized. Now many have another completely different characteristic.

Thus, they write down absolutely everything they buy. This even prevents them from enjoying some simple pleasures. There are also cases of people who are very afraid of investments in general.

Therefore, they only have savings. In fact, the latter has no risk at all. On the other hand, its income is minimal. These 3 examples are types of financial profiles. You must fit at least one of them.

It is common to believe that there is a right path when it comes to financial planning. In reality, this does not apply. Of course, we're not talking about anything illegal. Other than that, "wrong" is subjective. What exists is the most suitable route for each individual.

There's no way to define just one journey. After all, each person has their income, their expenses and so on. That's why making financial decisions is difficult most of the time. For this, it is important that you find the answers within yourself.

The way you see life greatly influences this process. That's where the financial psychology. She helps you have a more prosperous journey. This is independent of luxury cars and mansions. It's about working within your reality in the best way possible.

Thus, your goals that will be the determining factors in your journey. After all, without them, you will always be lost, even accumulating money.

In this way, this concept helps you to face all these questions. All in a logical and practical way. That's why he is so important.

This relationship is directly linked to the way in which you face your financial reality. To better understand this topic, let's take the example of the psychoanalyst Márcia Tolotti.

The professional's family dealt with money in a not so healthy way. That way, she decided that she would not follow the same path. With that, she avoided debt, learned to plan and got rid of the so-called “consumption triggers”.

Her success was so significant that today she helps others to deal with their financial lives. So, Márcia has several books where she teaches how to handle accounts and change emotional habits.

Thus, she comes to the conclusion that financial behavior is a reflection of unconscious beliefs. One of his biggest claims is that there are 2 big reasons someone doesn't have money.

Thus, the first is that this person actually earns little. After all, a minimum wage today to support a family is far from being enough. The second reason is that the individual is trapped in a “self-sabotage cycle”.

Knowing yourself is the first step to managing your money well. That's why the financial psychology hit that key so hard. Returning to the term self sabotage, you need to understand when this happens in your life.

This is the only way to avoid making bad decisions. While this does not happen, it will hardly be possible to change behavior. So, to help you with this identification process, follow the top 4 financial profiles.

Here, the individual believes that he is simply not worthy of anything. Thus, you will not be able to keep your financial life healthy and balanced. As a consequence, the person will only make decisions that follow this same logic of reasoning.

That way, you are in a cycle where she will never have money. It is one of the most popular profiles and also one of the most harmful. Limiting belief is also directly related to self-esteem.

Do you realize how important knowing yourself is to start working on these anchor points? That kind of certainty prevents you from even trying to organize your finances. It's the famous phrase ′′ try what if I won't make it?

This profile is about people who, despite not being in debt, do not have any money at the end of the month. So they acquire new debt constantly.

As a result, they run the risk of defaulting. Therefore, any unforeseen event can leave this group in very complicated situations. Therefore, even if they are not in the red, they never manage to take a step forward.

Here, you become able to repay your debt. However, he has no motivation to trade the latter for something more interesting. An investment would be a good alternative.

Also, the debt slave hardly ever buys anything in cash. Installment always seems to be the best option. Thus, it becomes more complicated to get rid of this situation.

The profile has a very interesting feature. People called active debtors are constantly in the red. In a year, they manage to enter and leave this status several times.

Thus, there are several triggers that awaken this type of behavior. Emotional indebtedness is usually the main one. The latter is a consequence of feelings of guilt and insecurity.

Note that all of them are directly linked with someone who has low self-esteem. So to let go of that requires both a mental and an emotional shift.

Otherwise, the individual's situation will remain the same, with no prospect of improvement. Therefore, the financial psychology encourages the practice of therapy.

The latter is considered the worst mental model. The financial victim is that person who is in default and has several debts. In fact, many of these debts are practically impossible to pay off.

Furthermore, she believes that the complicated relationship with money is always someone's fault. As a result, he is unable to take responsibility for his actions. So, you keep getting into complicated situations. All of them by choice.

Thus, these people always have an answer to justify their status. When they feel exposed, they keep distilling these excuses as a way to protect and reassert themselves.

Psychological treatment is the best recommendation for those with this type of profile. However, most of the time, even this is not able to effect a real change. Of course, nothing is impossible.

You don't get your financial autonomy without first practicing self-knowledge. This is how your relationship with money can be understood and analyzed. Remember that spending too much is not interesting, as well as saving excessively.

Both sides prevent you from having a pleasant and peaceful life. All of this is related to the topic of this article. Understanding the details of financial psychology is not always so simple.

However, there are 3 steps that will make everything more didactic. Check each of them in detail in the next topics.

Financial education is linked to management and care. That's why it's important to be aware of all your needs and shortcomings. That way, you get answers about why you don't take care of yourself so much in this regard.

So, imagine the following situation. You've been feeling pretty insecure lately. So, trying to get rid of it, ended up spending more than it should.

That's because he believed shopping would improve his self-esteem. In this way, realize that in this case, you are experiencing a moment of fragility. It's like there's a need to fill a void.

However, this is a failed attempt. After all, this gap is connected with your feelings. So it's interesting to try to identify if this has happened to you.

Then, look for ways to avoid a kind of repetition. This is fundamental, especially if you realize that you are acquiring larger debts. Your situation can quickly escalate into a huge snowball.

Keep in mind that a one-off issue doesn't always stay in this category. So, many times, it starts to include a scenario of chronic lack of management.

Having control of how much you have is not that complicated. For this, it is necessary to do some math like addition and subtraction. Being stricter in this regard is not a problem.

In addition, your money includes other relevant aspects. They deserve to be better discussed within financial psychology. That way, income gives you a certain purchasing power.

Of course, this depends on each individual's social status. In some cases this power is greater than in others. However, the conclusion is the same. The emotional aspects of money are much more potent.

That's because he can both distance and bring people closer to you. Also, money has to do with organization. After all, having a healthy financial life requires you to have great control of all your expenses.

Also, your resources are related to your personal focus. Imagine that you want to buy something of great value, like a new car. So for that, a lot of planning and strategy is needed.

This is in addition to being aware that some immediate pleasures need to be cut. When you are fully aware of this, you are able to acquire your own security.

That way, you know what you need to do and can stick to a plan. In summary, there are many feelings that permeate this subject.

The most interesting thing is that they are all linked to your behavior. That's why the calculation part is always the easiest to deal with, oddly enough.

By now, you may have noticed that your psychology is fundamental to achieving your financial autonomy. That's why self-knowledge needs to be a well-used tool for those seeking this type of position.

Imagine being able to figure out everything that could put you in debt. Thus, people who find themselves in a situation like this need to work a lot on some issues.

Believe me, an expense spreadsheet will not be nearly enough. It is necessary to go beyond the “what you spend vs. what you earn” thinking. In this way, the main thing can be defined in one keyword: balance.

You must take care of your mental health. At the same time, it is important to put the division of your income at the tip of the pencil. One strategy needs the other to work, and separately will not help you efficiently.

So, you must have heard that emotion and reason need to go together. As cliché as it sounds, that's exactly the point. Thus, it is possible to make the following division:

That's what the financial psychology it works. With it, you acquire elements that will help you maintain that balance. Don't think it's a simple task. However, believe me, the result never disappoints.

By now, you're pretty much an expert on the subject. So, have you noticed the benefits that the theme of this post can bring to your life. Now, you need to work hard to implement new habits. Follow some tips below.

Finally, that's all you need to know about it. Do not hesitate to apply financial psychology in your life. Over time, you'll notice that it makes everything lighter and simpler to resolve.