3 Money Mindsets to Cultivate this Spring
The year comes with natural cycles; your energy may ebb and flow or feel different throughout the seasons. Rather than expecting yourself to feel and act the same way all year, you can take advantage of the natural seasons to cultivate positive money mindsets. Here are three money mindsets worth cultivating now:
Growth Mindset
Spring is full of new growth—you don’t need to look further than your own backyard to see the greenery returning and blossoming. You can embrace the feeling of growth all around you by cultivating a growth mindset. When you are in a growth mindset, you actively seek out learning opportunities. You are open to new ways of doing things and don’t shy away from opportunities that stretch you out of your comfort zone. You feel like you have the ability to expand your horizons and become someone with a wider skill set. The opposite of a growth mindset is a fixed mindset. When you are in a fixed mindset, you may feel static and unable to change your habits.
Try this:
Read a personal finance book
Listen to a personal finance podcast on a new-to-you topic
Choose one financial action to take that will motivate you to learn something new
Renewal Mindset
The urge for renewal or rebirth implies that there is some aspect of your life that you’d like to leave behind. What habits, thoughts, and feelings are not serving you? To move on, you need to acknowledge what you want to leave behind and make peace with it. This may mean forgiving yourself for past financial mistakes or forgiving your family for what they did—or did not—teach you about money.
Try this:
Write a letter to your past self about forgiveness for a financial mistake
Use magic wish paper to write down the thoughts or feelings you want to release
Consciously schedule time to do something that rejuvenates you
Playful Mindset
After winter, spring brings a measure of levity to life. Milder weather and more daylight make it appealing to spend time outside enjoying the changes. With a playful mindset, you don’t take things too seriously. You are willing to try things just for the fun of it without the pressure of success or failure. Play is meant to be solely for enjoyment, so rather than think about what you should do, choose what sounds fun. The opposite of a playful mindset is a competitive mindset. A competitive mindset is characterized by intense focus and the desire to achieve.
Try this:
Start a fun savings challenge
Make a colorful chart to track your progress on a goal
Indulge in an activity that you enjoyed as a kid
Final Thoughts
Different thoughts are likely to lead to different actions so if you’ve been feeling stuck, try cultivating a new mindset to jumpstart your progress.
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