Just like our language influences our perceptions of the world, the language we use around money – especially the complex jargon and market commentary that often surrounds it – can significantly impact our financial behaviours, perspectives, and, ultimately, our financial planning.

You’ve likely heard phrases like “money doesn’t grow on trees”, “time is money”, or “you have to work hard for your money”. These familiar idioms carry deeply ingrained beliefs about money that can subtly, yet powerfully shape how we interact with it. They can also reveal underlying attitudes about wealth, work, and worthiness that might unconsciously drive our financial decisions.

It’s not uncommon to have a somewhat adversarial relationship with money, often borne out of the language we use to describe it. We “fight” to earn a living, “struggle” to make ends meet, or “battle” to stay out of debt. Such combative language not only adds unnecessary stress to our lives, but it also positions money as an enemy rather than a tool to achieve our goals.

So, how can we shift these narratives and cultivate a healthier relationship with our finances?

The first step is awareness. Start by paying attention to the words and phrases you use when talking about money. Are they predominantly negative or positive? Do they reflect scarcity or abundance? Understanding your financial language is an important part of decoding your money story.

Next, challenge any limiting beliefs that may be lurking behind your money language. If you find yourself often saying “I can’t afford it”, ask yourself whether this is a true reflection of your financial situation, or a learned response. Try rephrasing this statement to something like “I choose to spend my money differently”, and notice how this shift in language can also shift your perspective.

Another powerful strategy is to replace fear-based or scarcity-driven phrases with those that affirm abundance and financial well-being. Instead of “I’m broke”, for instance, try saying “I’m pre-rich”. This may seem like a small change, but positive affirmations like this can foster a more optimistic and empowering attitude towards money.

Remember, the language we use for money doesn’t just describe our current financial situation; it also shapes our future financial behaviours. By consciously choosing words that reflect positivity, abundance, and control, we can transform our money narrative, and in turn, our financial planning.

To nurture this healthier money language, remember to bring these conversations into your everyday life. Discuss money openly with your loved ones, your children, your friends, and let them know it’s okay to talk about finances. By normalising these conversations, we not only dismantle money taboos but also pass on healthier financial habits to the next generation.

The journey to a healthier financial life isn’t just about numbers and bank accounts; it’s also about the words we use, the beliefs we hold, and the stories we tell about money. By paying attention to our financial language, we can create a more empowering, positive relationship with our finances.