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Understanding Money Scripts


money scripts are beliefs we have about money that drive all our behavior
❝Every financial decision makes perfect sense when we understand our underlying beliefs, our Money Scripts.❞ -Rick Kahler

Mary and Frank's kids close their bedroom door and hide their heads under their pillows. Mary and Frank are in the middle of a vicious fight about money. Mary just discovered that Frank has been spending money without telling her. She asked him about it, and Frank went berserk. Voices were raised, and their kids ran upstairs crying.


Growing up, Mary's parents sat down and talked about money as a family regularly. The topic of the conversation changed depending on how old she was, but they were open and honest about money and how it worked in their household. Mary grew up with a good grasp of how money works. She developed beliefs that both saving money and talking about money are important.


When Frank was growing up, money was a taboo topic. The only time he remembers money being discussed was during a fight between his parents. He remembers getting yelled at and grounded for asking his friend's dad how much money he made. Frank's logical conclusion is that talking about money leads to fighting and other negative consequences.


Frank's spending money without talking to his wife makes sense when we consider his belief that you don't talk about money. Mary getting upset upon learning about Frank's