What Kind of Relationship Do You Have With Your Money?

[Mika]

We have different sorts of relationships with money, it can be good, bad, and ugly. What does a good, bad and ugly relationship with money actually refer to? Having good, bad, or ugly relationship with money does not necessarily refer to how much money you have, it is all about how you are managing your cashflow.

When you have a good relationship with money, you are managing your money well. You are not only paying your bills regularly but also have savings and investment portfolios.

When you have a bad relationship, you are struggling with your finances, your liabilities are high, you have outstanding loan, and you are even struggling to pay your bills. However, despite having difficulties, you still have some assets and investment.

When your relationship with money is ugly, you have a huge debt. Your debt repayment is more than 40 percent of your income. You are unable to pay your bills in time, and your expenses are very high.

People who have bad and ugly relationship with money are too afraid of money. They are always worried about money. Maintaining a good relationship has nothing to do with how much money you are making or how much money you have. It is all about how you have designed your lifestyle. If you design your life based on how much you are making, you will never have bad and ugly relationship with your money.

 

[Augusta]

I understand your point everything in life needs a good relationship to get it working perfectly has it should be.

Even with having money it is good for one to have a good relationship with it as it will help one to be financially free and live above the debt.

when we don't have a good relationship with our money we fall into the trap of debt, borrowing brokenness and lack of money.
having a good relationship with money enable one to have good investments, have savings money in account and even a good retirement saving funds for the future.