Money is more than just a tool for transactions—it’s a reflection of our values, fears, and beliefs, many of which are shaped in childhood. The way we were raised plays a powerful role in how we approach financial decisions as adults.
If you grew up in a household where money was scarce, you might be more cautious with spending, focused on saving, and hesitant to take financial risks. That mindset, often called a scarcity mentality, can lead to careful budgeting but may also limit opportunities for growth. On the other hand, growing up in a financially stable or affluent environment might foster an abundance mindset, where spending feels more comfortable and risk-taking is less intimidating—sometimes to a fault.
We also absorb financial habits by watching how our caregivers handled money. If they argued about bills or avoided financial conversations, we might associate money with stress or secrecy. If they planned, saved, and talked openly about financial goals, we’re more likely to carry those habits forward.
Our emotional relationship with money is another legacy of our upbringing. Some people spend impulsively to feel secure or validated, especially if they lacked stability growing up. Others may hoard money out of fear, even when they’re financially secure. These behaviors often stem from emotional associations with money rather than practical needs.
The good news is that we’re not bound by the financial patterns of our past. By reflecting on how our upbringing influences our money mindset, we can make intentional changes. Whether it’s learning to invest, setting spending boundaries, or simply becoming more aware of our financial triggers, we have the power to rewrite our financial story.
Your financial journey may have started in childhood, but it’s yours to shape now. What beliefs about money are you ready to challenge?
Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/ SIPC.
This is a hypothetical situation based on real life examples. Names and circumstances have been changed. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or strategies may be appropriate for you, consult your advisor prior to investing.