10 Ways to Develop and Keep a Positive Money Mindset

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Trying to keep a positive attitude about money can be difficult, especially if you are living paycheck to paycheck and struggling to make ends meet.

There could be many different negative thoughts going through your mind about your situation and relationship with money like:

  • I’m never going to be able to stop living paycheck to paycheck.
  • I’m never going to have enough money.
  • I’m never going to get out of debt.
  • I’m never going to be able to retire.

Today I’m going to help you to find some ways to put a stop to the negativity and begin to turn those negative thoughts into positive ones that will help you get on the right track to a better relationship with money.

First, though, you should understand what a positive money mindset is. When someone refers to money mindset, they are referring to the thoughts and feelings you have in relation to your money.

These thoughts and feelings are what guide and influence your behaviors with how you use your money from day to day.

So as you can imagine, people that have negative thoughts regarding money tend to not use their money in a way that is going to be helpful to their financial situation.  

When negative thoughts are present, it makes it difficult to make good decisions about money.

A negative money mindset tends to develop over time and can sometimes be a product of how you were brought up. Were your parents always complaining about not having enough money?

Did you see your parents struggling with their finances and never really taking action to fix them?

Many times people don’t know how to fix their financial situation which causes a vicious cycle of negativity and difficulty with making good financial choices.

Learning the basics of personal finance can help you take control and empower you to turn those negative thoughts and feelings around.

People that have positive thoughts and feelings about money tend to utilize their money in ways that promote financial wellness. They are making good decisions about money from day to day.

Even people with a positive mindset have debt, but they are taking action to work towards paying down their debt and improving their financial situations.

Here are some tips you can use to help change your money mindset from negative to positive and keep it positive.

Of course, not all of these ideas will work for everyone, but I hope you can use some of them to get you started on thinking positively and putting a stop to negative thoughts.

Disclosure: This post may contain affiliate links.  If you click and make a purchase, I may receive a small commission at no extra cost to you.  As an Amazon Associate, I earn from qualifying purchases.  You can read my full disclosure here.  

10 Ways to Develop and Keep a Positive Money Mindset

#1 Visualize your long-term life goals

What do you want your finances to look like in one year, five years, ten years, etc? What are you dreaming about being able to do with your life once you reach your financial goals?

Do you want to retire? Do you want to be able to decrease your hours at your current job to part-time? Do you want to be able to stay at home to raise a family?

These are examples of long-term life goals around which to focus your long-term financial goals. Visualizing your life goals will help you to figure out your “why” for your financial goals.

Write these goals down and read them frequently to keep yourself motivated and keep a positive money mindset.

#2 Create realistic short-term financial goals for yourself

As I said in the previous section, writing your life goals to reread frequently to help refocus yourself is important. However, it is also important to make your short-term money goals realistic and attainable.

You see, it is the baby steps that will help you stay motivated to work toward those long-term goals that can take years to achieve.

Seeing progress being made and feeling each success as it occurs is key to keeping a positive money mindset.

#3 Find inspiration to motivate yourself

Find a few personal finance blogs that really speak to you and follow them to keep you inspired and keep your mind working on new ideas for your situation.

Find some money quotes or words to live by, memorize them, and say them to yourself when you find your thoughts turning negative. Or you can write them down and keep them handy to read them when times get tough.

#4 Surround yourself with other people who have a positive mindset about money

Suppose you have friends that always seem to have a positive attitude about money, spend time with them and pick their brains. Find out what they do to keep positive about money.

Chances are they will love talking about how they got to where they are, and they may be able to offer you some ideas.

Spend time with other people that have a positive money mindset.

#5 Limit time around people that always seem to be negative or complain about money

Let’s face it, being negative is much easier than being positive, especially if you are going through a tough time. Negativity also spreads like wildfire, so limiting time with those people who you know are usually negative will help you stay in a positive frame of mind.

#6 Start a journal to express your feelings about money

Sometimes you have to get things off your chest. If you are starting to have negative thoughts, or if something has happened that was out of your control, write about it, and then let it go.

After you get the negativity out, make sure you counter it with positive thoughts, as well as actions you can take to get your mindset and financial situation back on track.

#7 Educate yourself

In order to keep a positive money mindset, it will really benefit you to know the basics of budgeting and saving. Being knowledgeable about money basics will help you to make good decisions about allocating and spending your money.

You could strive to read one new article or blog post on personal finance per day to help you to broaden your knowledge base.

Or, if you enjoy reading books, check out some of these top personal finance books to help educate and motivate yourself:

The book that started my obsession with personal finance is Smart Couples Finish Rich by David Bach. I highly recommend it if you and your spouse or partner start at square one with your finances as we did.

Knowledge will help to empower you to make better decisions, which will, in turn, help keep your money mindset positive.

#8 Create a budget

Creating a monthly budget and sticking to it will help you to meet your short-term financial goals. Budgets help you to make good decisions about where to spend your money.

They help you get started on the path to financial wellness, which will help you to keep that positive money mindset.

If you need help starting a budget, check out my post on creating a budget. You can also download my Budgeting Workbook to help you create a budget that works for you.

#9 Spend wisely

So let’s say you have a budget and have been doing an awesome job sticking to it. You even started paying more on your debt and started to put some money into an emergency fund every month!

You decided you want to reward yourself and feel you deserve to spend some money on yourself. But you are wondering if this is okay.

Yes, it is!

I strongly believe everyone deserves to treat themselves once in a while. You should not feel like you are depriving yourself of things you really want because that definitely won’t help you maintain your positive mindset.

You could become frustrated, feel like things are unfair, and decide to give up on your goals. We do not want that to happen!

That being said, it is super important to think about what you are going to spend your money on. If you are going to spend money on something, take time to really think about your purchase and figure out what will bring you the most joy and happiness.

Wait to buy the item for 2 or 3 days to make sure you still really want it. Limit yourself to spending your money on things that really deserve a place in your life and your home, and that will be special to you for years to come.

#10 Give to a good cause or charity  

Donating your time through volunteering, donating your unique skills or expertise, or donating money, no matter what amount, to a good cause will go a long way to helping you keep a positive outlook on life and feel better about yourself.

When you feel good about yourself, you will radiate positivity, which will carry over to all aspects of your life, including your money mindset.

Take the time to choose a charity that resonates with your life, and you will help to make a positive difference in someone else’s life.

Final Thoughts

Developing and keeping a positive money mindset about money can be difficult, especially if you are in a lot of debt and living paycheck to paycheck.

However, you can definitely do it.

By determining your long-term and short-term goals, creating a budget, keeping yourself motivated, surrounding yourself with positive people, and educating yourself, you will set yourself up for financial success and improve your money mindset.

How do you keep a positive money mindset? Please let me know in the comments! 

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