Money is at the heart of our lives. However, our relationship with money varies depending on our financial education, social background, and experiences. Understanding how our connection to money shapes our financial management can help improve our economic decisions.
Cet article fait suite à la section « Mindset financier et bases psychologiques » de l’article : CROFT 35% – Guide du challenge et planning apprentissage finances personnelles.
Before exploring the timeless financial principles from The Richest Man in Babylon, it’s essential to understand how our own relationship with money influences our decisions.
The influence of education and social background
From childhood, we develop a relationship with money by observing our parents and surroundings. A person from a wealthy background might grow up with the idea that money is abundant and accessible, while someone who has experienced financial struggles may associate it with worry and uncertainty. The lessons we learn play a key role: some are taught to save from a young age, while others adopt a more carefree approach.
The financial education we receive also influences how we make economic decisions. Someone who is taught about budgeting, investments, and savings early on is more likely to manage their finances well as an adult. On the other hand, those who never learned how to handle money may find themselves in precarious situations, not due to a lack of resources, but because of a lack of knowledge.
Money as a source of security or stress?
For many, money is primarily a means to ensure stability and meet basic needs. The idea of lacking money can cause great anxiety, especially in uncertain economic times. Some people accumulate savings not out of enjoyment, but out of fear for the future. They prefer to forgo immediate pleasures to ensure long-term security.
On the other hand, some people adopt a more relaxed, even carefree approach. They see money as something to be spent and prioritize immediate pleasure over foresight. This mindset can sometimes lead to financial difficulties, especially when it’s accompanied by excessive use of credit or a lack of budget management.
Money and the perception of success
In modern society, money is often associated with success. It becomes a way to enhance one’s social standing and access certain privileges. Some people seek to accumulate wealth not for its practical value, but for the social status it brings.
This perception can lead to competitive behaviors and an obsession with financial performance. Conversely, some people reject this materialistic view and prefer to value other forms of wealth, such as free time, human relationships, or personal fulfillment.
Conclusion
Our personal relationship with money is complex and deeply influenced by our history, experiences, and values. Some see it as a tool, while others view it as an end in itself. It can be a source of security, anxiety, or motivation. Understanding one’s relationship with money helps manage finances better and make decisions that align with true priorities.
What is your relationship with money ? Are you more of a saver or a spender ? Share your experience in the comments !
In upcoming articles, we’ll dive into the lessons from The Richest Man in Babylon and explore how to apply these principles for better financial management.