Starting the Journey: A Deep Dive into Money
Hey there, PNW Dad community! Today, I want to dive into something that’s at the heart of everything we do here—money. Now, I’m not talking about your everyday chat about bills or savings. I’m talking about getting real deep, and maybe even feeling a little uncomfortable. Because let’s face it, real growth happens when we push past our comfort zones, right?
Reflecting on Your Relationship with Money
Before we dive into the strategies and techniques for teaching our kids about money ( we will do this in a different post) or starting that family business, we need to take a step back and look at where we stand with money. Im sure you arent surprised when I say, it’s time to reflect on our personal relationship with money. This isn’t about judgment or comparison; it’s about self-awareness and growth. I’ve put together some questions to help you explore your financial mindset. And remember, these answers are just for you—no one else will see them, so be honest with yourself.
Grab a notebook and write down your answers.
What was your relationship with money growing up? Think back to your childhood. Was money something you worried about, or did it feel secure and plentiful? How did those early experiences shape your views on money today?
Did your parents talk about money in front of you? How open were your parents about their financial situation? Were money conversations common in your household, or was it something that was kept private?
Did they talk about money to others or was it a more private matter? Consider how your family handled money discussions outside the immediate household. Was it a casual topic, or was it kept under wraps?
Did you have an allowance or job growing up? Think about your early experiences with earning money. How did they influence your work ethic and money management skills?
When was your first job, and what did you do with the money you made? Your first job often sets the tone for how you value and manage money. What did you do with that first paycheck? Did it spark a savings habit or something else?
Do you have debt? Reflect on your current financial obligations. How does your debt affect your day-to-day life and your overall financial outlook?
Do you consider yourself financially literate? Be honest with yourself about your financial knowledge. What do you know well, and where do you feel like you need to learn more?
What does your financial picture look like now? Take a moment to assess your current financial situation. What are your assets, liabilities, and overall financial health?
What are your current spending habits? How do you manage money on a daily basis? Are you more of a saver, a spender, or somewhere in between?
Do you talk about money with your partner, kids, or other family members? If not, what’s holding you back? Understanding why these conversations might be difficult is the first step to making them easier.
Taking It to the Next Level: The Challenge
Now that you’ve done some reflecting, it’s time to step out of your comfort zone. I want to challenge you to take this awareness and put it into action. Here’s the challenge: Go up to three people—family, friends, or even strangers if you’re feeling adventurous—and start a conversation about money.
It doesn’t have to be anything heavy. It could be as simple as asking, “What’s your approach to saving?” or “What was the first big financial decision you made?” The goal here is to normalize these conversations. The more we talk about money, the less intimidating it becomes. When we share our experiences, we learn from each other, reduce financial stress, and ultimately make better financial decisions. Next time you see that person, do it again!
So, are you ready to take on the challenge? Let’s start the conversation and make money talk as normal as chatting about the weather. Here’s to financial empowerment and growing together!
Let’s keep the conversation going, share how it goes with your 3 people below
That PNW Dad
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