M
oney is not about how much you have but how you think about it and manage it. It could be because of your money mindset if you’re struggling to save money, pay off your debts, or invest in a retirement fund. There are various ways to discover your money mindset, as well as some factors that influence how we think about our money. Everyone experiences a different combination of the following factors regarding their attitude toward money. Here are a few ways how you can find your money mindset:
Building a Wealth Mindset: The Ultimate Guide
Discover your money beliefs
Beliefs are the foundation of our money mindset. They are the deeply held ideas and convictions shaping our perspective towards money and life. Some of these beliefs are conscious and can be traced back to specific life experiences; others are subconscious, and we aren’t fully aware of them. The first step to discovering your money beliefs is to look at your life today. Consider how your financial situation today compares with where you would like it to be. What is holding you back? What are your roadblocks? What are your money beliefs?
Try a financial behavior tracking tool.
How we act towards our money, especially when faced with stressful situations, says a lot about our money mindset. Researchers have found that humans revert to one of two basic behavioral patterns, regardless of cultural and educational background: the “promoter” and the “defender.” This behavioral pattern can be observed by tracking your financial behavior over time. This can be done with a simple spreadsheet that tracks how you spend your money. This can be especially helpful if you’re having trouble understanding why you’re not saving as much as you’d like. When you track your behavior, look for patterns. Is there anything that jumps out at you? For example, do you tend to spend more when you’re stressed, tired, or around particular people? Then, you can use that information to develop strategies for improving your money management if there are any patterns.
Meet with a financial advisor
Sometimes, the best way to understand your money mindset is to talk to an expert. A financial advisor can help you get to the bottom of your money issues by asking about your financial situation and goals. After listening to your concerns and issues, they can provide you with strategies and solutions that can help overcome your money problems. Finding a good financial advisor can be as simple as asking your friends and family for recommendations. You can also search online to see if any financial advisory services are listed in your area. You may want to consider a fiduciary advisor. This type of financial advisor is held to a higher standard of ethics, meaning they are required to put their best interest first.
Take a money personality test.
Money personality tests are online quizzes designed to help you understand your money mindset by identifying your money type. These quizzes are not accurate diagnostic tools but can help you better understand your money mindset. For example, scoring high on the “avoider” money personality type doesn’t mean you’re a terrible person. It simply means that you tend to avoid spending money when possible, and you may manage to put off making important financial decisions. You can find a money personality test by searching online. Be sure to read through the questions to see if they make sense to you, and take the test more than once to see if your results differ.
Discover how you feel about money
In addition to discovering your money beliefs and financial patterns, you can uncover your money mindset by exploring how you feel about money. Many factors influence our feelings about money, including our past experiences, cultural and social influences, and current life circumstances. If you feel anxious about money, it’s likely because you have a negative association or feeling toward it. That feeling may be rooted in your childhood, societal influences, or something specific to your current financial situation. The key to uncovering how you feel about money is to take a step back and reflect on your relationship. What do you associate with money? What is your money story? Once you understand how you feel about money, you’re in a better position to change your money mindset.
Read financial magazines and blogs.
Financial magazines and blogs are a great way to get a sense of what’s happening in finance. They cover all areas of personal finance, including debt management, savings tips, and investment advice. You can also read financial books, which are a great way to examine your money mindset. Finally, there are many economic books, from how-to guides on managing money to memoirs about people’s financial journeys.
Talk to friends about your money struggles.
You might be surprised at what others say about their money woes. Talking to friends about money can be a great way to understand how others think about their finances. You can also try asking friends about their money habits to getting insight into your money mindset. Ask them how they feel about finances and what advice they have for you.
Take a money personality test.
Another way to find your money mindset is to take a money personality test. These quizzes are shared online and are based on the theory that we all have a money personality that guides how we think about money, spend it, and save it. Some of these tests are more accurate than others, so you must find one you trust. You can also take two or three money quizzes and average the results to get a more accurate picture of your money personality. Money personality tests can be helpful because they can shed light on how you think about money, but they aren’t diagnostic tools. They can’t tell you if you have a money-related mental health issue, and they aren’t a substitute for professional help if you need it.
Track your financial behavior for one month.
Another way to find your money mindset is to track your financial behavior for one month. This means writing down everything you spend money on during one month and noting the reason for each purchase. You can do it for a more extended period if you like, but one month is enough time to get a good idea of your spending habits. You can also track your savings and debt repayment activities during this time. Tracking your spending habits can help you to identify your money mindset. For example, suppose you spend all your money on groceries and nothing on debt repayment. In that case, you probably have an abundance of money mindset. On the other hand, if you spend all your money on debt repayment and nothing on groceries, you probably have a scarcity money mindset.
Review your spending habits from the last month.
Another way to find your money mindset is to review your spending habits from the last month. For example, you might want to total up how much money you spent for the past 30 or 60 days. Alternatively, you can use a budgeting app to track your monthly spending. This will give you a good indication of your spending habits and how much money you have left to spend each month. If you struggle with budgeting or find budgeting apps confusing, try keeping a simple spreadsheet or paper notebook to track your spending.
You can see that you have much control over how you spend money. However, if you find yourself spending money on things you don’t need, or if there is something that makes your life easier and gives you more enjoyment than what you were spending money on, it’s time to change your spending habits.
This exercise aims to find out what your money mindset is like. If it’s not where it should be, start working on changing it.
Discover what triggers your emotions about money.
Another way to find your money mindset is to discover what triggers your emotions about money. For example, you might have a scarcity money mindset if you feel anxiety about money. If you feel guilty about money, you might have a scarcity money mindset. On the other hand, if you feel angry about money, you might have an abundance of money mindset. You can discover what triggers your emotions about money by keeping a money journal. A money journal is a simple notebook where you write down your thoughts and feelings about your money situation and your financial behavior. It is a great way better to understand your emotions and thought processes regarding money.
If you have a scarcity mindset, you will likely feel anxious, guilty, and angry about money. On the other hand, you will likely feel confident and happy about money if you have an abundance mindset. For example, suppose your job is stressful, and you constantly think about money. In that case, you might have a scarcity mindset because your mind is always focused on money. On the other hand, if your job is stress-free and there are no financial worries for you or the people around you (e.g., if your family is wealthy), then you might have an abundance mindset because your mind is not focused on money.
Once again, the key to change is awareness. You can begin to notice what triggers emotions about money in yourself and others so that this knowledge can be used to make positive changes in your life. Once again, the key to change is awareness.
Ask your family what they think about your money habits.
Your family may have a unique perspective on your financial habits. They may have noticed things you haven’t, or they may have a different view on specific money struggles than you do. For example, suppose you’re struggling to save money, and your family regularly asks you for financial help. In that case, they may be able to tell you why you feel that way. They may also be able to offer some advice to help you find your money mindset.
Getting feedback from people who love you and have your best interests at heart is essential. These people will tell you the truth about your money mindset and how it affects your life. Ask friends, family members, and significant others how they view your money mindset.
Ask yourself why you’re struggling with money.
One of the first things you can do to find your money mindset is to ask yourself why you’re struggling with money. It could be a variety of reasons, and a little reflection can help you to understand what they are so that you can work on improving your money mindset. For example, do you feel worried or anxious about money? Perhaps you have a lot of debt that you can’t seem to pay off. Or maybe you feel shame about not having enough money in your savings account. Any of these could be due to having an anxious money mindset. Or perhaps you feel angry because you struggle to make ends meet each month, even though you have a full-time job. Likewise, if you feel guilty when you spend money or if you avoid going shopping, that might be a sign of a guilty money mindset.
Final Thoughts on How Do I Find My Money Mindset?
Your money mindset guides your financial decisions and reflects who you are as a person. It’s how you think about money and how it impacts your life. If you want to improve your finances, it’s essential to understand your money mindset and how it affects your financial choices. The better you know your money mindset, the easier it is to make positive changes. So whether you’re trying to save more money, pay off debt, or invest for the future, it’s essential to understand your money mindset.
Do you want to learn more about “How Do I Find My Money Mindset?” Check out Building a Wealth Mindset: The Ultimate Guide.
Also, check out the Best Books on Personal Finance.

James is the editor-in-chief at wealthmindsetschool.com. James is a workaholic and an entrepreneur who has been in the tech industry for over ten years. He has worked with Microsoft, owns multiple websites, and now owns a mattress shop. Furthermore, when he has time left over, he will be in his woodworking shop building furniture as a side hustle. James has a B.S. in Business Management Information Systems and a Master’s in Business Administration from Liberty University. He is currently pursuing a Master’s in Executive Leadership, and once he completes that, he will pursue his Ph.D. in Business Administration – Entrepreneurship. James also seeks investment opportunities, putting his money to work instead of himself. James is an active believer that wealth begins with developing a wealth mindset. He now teaches, instructs, and helps others achieve that goal.