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Habits That Sabotage Your Money Mindset

Are you guilty of these habits that sabotage your money mindset? Find out now!

I recently shared wealth affirmation coloring pages to help you develop an abundant money mindset.

Affirmations are a fantastic tool, but not a substitute for examining your current money mindset and any limiting beliefs or self-sabotaging habits you may have. 

Another important step along the path of changing your money mindset is examining any habits that sabotage your money mindset.

The 6 habits keeping you broke

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Here are six habits that might be sabotaging your money mindset. It’s important to identify any self-sabotaging habits you may have so you can successfully develop an abundant mindset!

Is your clutter because of a poor money mindset?

Not treating your money or possessions with respect

Is your house a mess? Your car full of junk? Or maybe your wallet is crammed full of old receipts and expired cards?

As we discussed in this post about how to change your money mindset, holding onto stuff is a sign of a poverty mindset.

Even if you don’t intentionally hold onto things you could still be sabotaging your success by not making room for abundance in your life. Too much clutter can signal the Universe that you don’t have space for anything more in your life – it’s already full! It also shows a lack of respect for what you already have.

Just like you wouldn’t want to give another nice present to a person who treated your last gift with disrespect, the Universe isn’t inclined to send more your way if you don’t appreciate what you have now.

Need more help with developing an abundant mindset? Join my free 11 day challenge Inviting Abundance! Learn more about the abundance challenge here.

Spending Everything You Make

Many people make the mistake of spending every dollar they earn (or worse – spending more than they earn!). A poll showed this poor habit is more common than you might guess – about half of Americans fessed up to spending everything they earn or more.  

Living paycheck to paycheck, or charging expenses, means you’re worrying about money constantly and can never quite seem to catch up, much less get ahead. Like attracts like – if you are constantly stressed about money, life will send you more things to stress about.

Sometimes unexpected events mean you need to spend more for a month or two. (Plane tickets, a rental car, and hotel rooms for my sister’s wedding this fall took a huge chunk out of money last month!) If living paycheck to paycheck is normal for you, it’s important to break this cycle as quickly as possible by putting away at least some small amount of money every month.

I know this can be difficult – I truly do – but believing that you are capable of saving at least some money each month can help you develop an abundant money mindset. 

are these habits sabotaging your money mindset

Letting Your Expenses Grow with Your Income

This is a huge reason why so many people are trapped in the paycheck to paycheck lifestyle.

You earn a raise at work but a month later, you still feel just as broke as before. You wonder what happened. You know you have “extra” money but why doesn’t it feel like you have extra?

Or maybe your first job out of college was “just enough” to get by. Since then, you’ve moved on to a higher paying job, but somehow it’s still “just enough” to get by.

Many people find that their wants/needs grow their their means. When you earn more, you can “afford” a bigger house, a more expensive car, pricier clothes, etc. There is absolutely nothing wrong with celebrating a raise or buying high-quality items, the problem is when you unconsciously level up your spending to match your income.

True abundance occurs when you realize that happiness is an inside job. You don’t need to keep up with anyone or get stuck on the hamster wheel of wanting and lack. 



Not Having an Emergency Fund

If your car breaks down when you’re on the way to work tomorrow, what would you do? Would your first thought be one of panic because you can’t afford repairs? Would you wonder which credit card you’ll have to use?

A survey showed that 40% of American adults could not cover an unexpected $400 expense. Yikes!

Worrying about what you’d do if an unexpected expense came up can keep you in a poverty mindset rut.

You can combat this by starting an emergency fun right away. It doesn’t have to be huge – anything is better than nothing! If you can save slightly more than a dollar each day for a year, you’d be able to cover a $400 expense. This will save you even more money in the long run because you won’t have to pay credit card interest! Knowing you have this money put away helps you feel more abundant.

If you’re ready to kick your savings into high gear, look online for a 52 week savings challenge like this challenge from Dollar Sprout

Not Planning for Periodic Expenses

This is a subset habit for not having an ’emergency fund’ or spending everything you make. It frequently goes hand in hand with one or both of these other habits.

Many people fail to play for expenses like Christmas presents or property taxes. It takes planning and discipline to set aside money each month for expenses that only come up once a year! 

The way to end this cycle is to plan for events like Christmas, birthdays, property taxes, and other periodic expenses. If you’re still paying off last Christmas, pay off that debt ASAP and then start saving for next year so you can break the cycle. You might have to cut back on gift giving for a year or two until you get on track, but it will be worth it. 

If you haven’t already, make sure to stop by this post and download your free printable bill trackers to help you keep tabs on your finances. 

Blaming and Complaining

These are habits that can keep you trapped in a poor money mindset.

Blaming and complaining turn you into a victim of circumstance instead of the master of your own destiny. Until you can see yourself as responsible for your life and actions, you won’t see yourself as capable of changing your situation.

I’m a recovering blamer and complainer. Reading the book Complaint Free World by Will Bowen was eye opening for me. It’s seriously life-changing stuff. I read it for free on Kindle through our library, but I ended up buying a copy just to highlight and make notes.

A Complaint Free World: How to Stop Complaining and Start Enjoying the Life...
  • A Complaint Free World: How to Stop Complaining and Start Enjoying the Life You Always Wanted
  • Bowen, Will (Author)
  • English (Publication Language)

I talked about this book and the toxic habit of blaming/complaining/criticizing a lot in this post on changing your money mindset, so please head over there if you want to read more!

invest in yourself

Not investing in yourself

Not investing in yourself can take a variety of different forms. It may mean you don’t attend a yoga class you want to do because you feel bad about spending the money. It may look like not taking time for self care, not attending a workshop, or not taking a class.

Not investing in yourself can also mean not trying to uplevel your life by reading personal development books or listening to audio books/podcasts about living a more joyful, abundant life.

If you haven’t already signed up for Audible, you can get two free audiobooks. You can work to uplevel your money mindset without even feeling guilty about spending money. 😉

I think it can be easy to feel silly about seeking out personal development or “self-help” books, but they can be incredibly helpful. A few of the books that have helped me most include Complaint Free World, which I already mentioned, Judgement Detox, The Big Leap, and Conscious Living.

Judgment Detox is by Gabrielle Bernstein and really helped me forgive myself for judging myself and others. It contains actionable steps to help you get over your judgement habit.

Judgment Detox: Release the Beliefs That Hold You Back from Living A Better...
  • Hardcover Book
  • Bernstein, Gabrielle (Author)
  • English (Publication Language)

The Big Leap and Conscious Living are both by Gay Hendricks, one of my favorite personal development authors. At the time of writing, The Big Leap was recently added to Kindle Unlimited program. 

The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level
  • The Big Leap Conquer Your Hidden Fear and Take Life to the Next Level
  • Hendricks, Gay (Author)
  • English (Publication Language)

Always expanding your horizons and being open to new knowledge and points of view is an important way to improve your mindset and experience of life, not just the way you view money.

Journaling to improve your money mindset

Thinking about your own poor habits is uncomfortable, but incredibly beneficial.

I created a little page with three prompts to get you thinking and writing about your poor money mindset habits. Putting pen to paper and observing your thoughts is an important step in learning to change your money mindset!

You can download the money mindset journal PDF for free right here.

questions about your money mindset habits

More mindset resources

How to change your money mindset

Finally heal your money mindset

Change your life with this Gratitude Challenge


Wealth affirmation coloring pages

{ 1 comment… add one }
  • Kathy Kaul November 28, 2019, 09:51

    Thank you Natasha for sharing such a valuable piece of content on the website. Amazing!

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