Why You Spend Money the Way You Do - It’s Deeper Than You Think

Let’s face it—maintaining a positive relationship with money isn’t as easy as it sounds. One day, you’ve got KES 100,000 sitting comfortably in your bank, and before you know it, it’s all gone. It feels like a never-ending cycle.

But here’s the thing: Our relationship with money is emotional, shaped by experiences. Understanding your money attachment style could be a game-changer.

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Discover Your Money Attachment Style:

1. Secure Attachment – The Financially Confident
     People with a secure attachment style have a healthy and balanced relationship with money. They’re comfortable discussing finances, approach spending and saving wisely, and trust their ability to make sound financial decisions.
2. Anxious Attachment – The Worrier Spender
     Those with an anxious attachment style often overspend to feel secure or worthy. They frequently worry about running out of money and struggle to make financial decisions without seeking reassurance.
3. Avoidant Attachment – The Money Evader
     Avoidant attachers do exactly that—they avoid money matters altogether. They shy away from budgeting, dislike talking about finances, and often use money as a way to maintain independence without considering future financial stability.
   

Read Also: 6 Ways to Build a Positive Money Mindset ‍

What Shapes Our Money Attachment Style?

• Early Childhood Experiences: Our first encounters with money—whether witnessing how parents managed finances or the conversations we overheard—leave a lasting impact.
• Cultural Beliefs: In some cultures, money is considered “evil” or a source of conflict. These beliefs can shape how we view and handle finances as adults.
• Life Events: Significant financial experiences, such as job loss, debt, or unexpected windfalls, can shift our money mindset.
• Personality Traits: Naturally anxious or insecure individuals are more likely to develop an anxious attachment to money. 

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How to Improve Your Relationship with Money

• Self-Awareness: The first step is understanding your attachment style. Once you’re aware of your habits, you can work on changing them.
• Professional Support: Seeking help from financial planners, coaches, or even therapists who specialize in financial behavior can help you develop healthier money habits.
• Continuous Learning: Educate yourself about personal finance. The more you know, the more confident and secure you’ll feel about managing your money. 

Money isn’t just about earning and spending—it’s about the emotions, beliefs, and experiences that shape our relationship with it. By recognizing your attachment style, you can transform your financial habits, reduce stress, and create a more secure and fulfilling financial future.