May 24, 2024

Money scripts: Uncovering the scripts that shape our financial behaviors. 

May 24, 2024

Memorial Day weekend: the unofficial kickoff to summer. Picture family getaways, lazy days at the beach, and fun-filled moments with the kids. The shift to summer may seem overwhelming—end-of-school chaos, vacation planning, and meticulous organization. But let's reframe it. Amidst the mayhem, cherish living the dreams you've always envisioned. Take a moment to appreciate the laughter, the sunshine, and the memories being made. These are the days we've longed for, so let’s savor every precious moment. Cheers to blissful summer days ahead. 🌞

  • Money scripts: Uncovering the scripts that shape our financial behaviors. 

  • Nurturing young minds: Tips for supporting your child's mental health.

  • Celebrating Memorial Day: The evolution of the national holiday and ideas for how to celebrate.

FINANCES

💸Understanding money scripts.

But what even are money scripts? Money scripts are unconscious beliefs about money learned in childhood. Financial psychologist Dr. Brad Klontz identifies four types: Money Avoidance, Money Worship, Money Status, and Money Vigilance. These scripts, often passed through generations, shape our financial behaviors—think, compulsive shopping, or financial enabling. 

The 4️⃣Money Scripts

  • Money Avoidance: Believes money is evil and wealthy people are bad.

  • Money Worship: Thinks money can solve all problems; tends to overspend.

  • Money Status: Ties self-worth to net worth; often spends beyond means.

  • Money Vigilance: Anxious about spending; focused on saving for emergencies.

📌Tips for Different Money Scripts

Money Avoiders

  • Get Informed: Regularly check your finances.

  • Positive Perspectives: Recognize the benefits of money.

  • Set Goals: Budget and reward yourself.

Money Worshippers

  • Budget Giving: Donate within your means.

  • Delay Purchases: Avoid impulse buying.

  • Prioritize Relationships: Spend time with loved ones.

Money Status Seekers

  • Reflect Before Buying: Consider why you’re purchasing.

  • Healthy Balance: Focus on overall well-being.

Money Vigilant

  • Budget for Fun: Allow for enjoyable spending.

  • Guard Against Anxiety: Avoid excessive hoarding.

To improve finances, learn your money script and reflect on your past. Interview family to understand inherited beliefs.

For more resources, visit MoneySense and Clarity Wealth Development.

Grumpy baby breaks internet. At just a week old, a newborn has skyrocketed to fame with his hilariously grumpy photoshoot. With unmatched expressions, this little star has captured hearts worldwide. Despite his curmudgeonly look, he was actually a "sweet little snuggle bug."

SNIPPETS

Target is alleviating the strain of rising prices by reducing costs on 5,000 items, offering relief to families amid the inflation surge during the pandemic. While the cuts may seem small individually, they can significantly benefit shoppers, especially those who frequently purchase groceries at Target.

High school seniors executed a memorable prank, hiring a bagpipe player to serenade their principal incessantly for an hour. Despite the unexpected interruption, the principal and the school community embraced the prank, showcasing the seniors' creativity and humor.

Demand for luxury fruit is on the rise in America, with consumers willing to pay hefty prices for unique and exotic varieties. Del Monte's Rubyglow pineapple, known for its striking red exterior and sweetness, is priced at a staggering $395.99, reflecting consumers' growing interest in premium produce and specialty items.

PARENTING

🧘🏽‍♀️Mindful May.

May is Mental Health Awareness Month—a perfect time to focus on your child's mental well-being. Understanding and supporting your child's mental health is essential. By staying aware and engaged, you can help ensure their well-being in an increasingly complex world. Use this month to start conversations and promote positive mental health habits.

🟢Children showing positive mental health often include:

  • Show affection

  • Exhibit resilience

  • Maintain a positive attitude

  • Display curiosity

  • Have self-control

  • Persist through challenges

🔴Signs indicating your child might need professional help:

  • Overly emotional reactions

  • Significant changes in eating or sleeping patterns

  • Withdrawal from loved ones or activities

  • Excessive worries

  • Low self-confidence or negative self-talk

  • Impulse control issues

  • Self-destructive behaviors

  • Academic or relationship struggles

  • Talk of hopelessness, self-harm, or suicide

15 Tips to Nurture Mental Health 

  • Manage Diet 

  • Encourage Exercise 

  • Ensure Adequate Sleep 

  • Foster Safe Relationships 

  • Talk About Mental Health 

  • Read Together (Book suggestions)

  • Find a Safe Person for Them to Talk To 

  • Don’t Rush to Fix Things 

  • Respect Their Emotions 

  • Teach Emotional Regulation 

  • Help with Problem-Solving 

  • Model Good Behaviors 

  • Teach Self-Care 

  • Praise Efforts 

  • Show Unconditional Love 

Parental support is the key. UNICEF emphasizes that open dialogue can prevent problems and identify issues early. Engaged parents can reduce risky behaviors and improve mental health outcomes. 1️⃣Ask casually about their day, 2️⃣discuss both positive and negative experiences, and 3️⃣prepare them for physical and emotional changes as they grow.

And don’t forget the essentials. According to Mental Health America, children need:

  • Unconditional love

  • Confidence and self-esteem

  • Encouragement and play

  • Appropriate discipline

  • Emotional openness

  • A safe and secure home

WEEKEND

🇺🇸From decoration to dedication.

🤔DID YOU KNOW? Memorial Day started as Decoration Day on May 30, 1868, when Union General John A. Logan declared it a day to honor Civil War soldiers by decorating their graves.

After World War I, the day became known as Memorial Day. In 1950, President Harry S. Truman expanded its purpose to include a day of prayer for peace. By 1971, President Richard Nixon declared Memorial Day a federal holiday.

Looking for ways to celebrate with your kids? Check out Parade’s Patriotic Activities, including sending care packages to troops, watching patriotic movies, and creating patriotic chalk art.

🍓🫐Patriotic Treats. Make the day extra special with a Red, White, and Blue Summer Fruit Board, or try one of these 26 Red, White & Blue Desserts.

SOMETHING TO MAKE YOU SMILE

A 5-year-old flawlessly imitates his basketball coach dad's every move, captivating the internet. Check out the adorable video.

💋 Sun-kissed perfection. 8 tinted sunscreens tested, one clear winner emerges.

🎁 Grade-A gifts. Perfect end-of-year teacher presents from preschool to high school.

🏠 Memorial Day steals. Must-shop home deals you can't miss!

❄️ Cool deal. This adorable $30 electric cooler from Walmart is your summer sidekick.

👙 Chic & easy. 19 swimsuits that make nursing a breeze.

✨ Annalee and Karin ✨

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