Daily Practices that Can Improve Your Money Mindset

The connection between your mind and your bank account

Karen Banes
Published in
3 min readMay 16, 2024

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Photo by Andrea Piacquadio on Pexels

Money mindset can be a misunderstood topic. How much money we have, or don’t have, is a cold, hard figure. It’s clearly not in our mind, it’s in our bank account. So how is improving your money mindset actually going to improve your finances?

The truth is that how we think about money can have a big impact on how we manage it. Mindset alone won’t change the number in our bank, investment or retirement account — or in our wallet — but it’s part of the puzzle. And some simple daily practices can improve our mindset around money, with minimum effort.

Learn about money and personal finance

Ignorance about the basics can result in a head-in-the-sand attitude when it comes to money. Knowledge is power, and acquiring knowledge can change how we feel about our financial situation.

Spending just 10 minutes a day educating ourselves on basic personal finance issues such as budgeting, credit cards, or how credit utilization works can start to change how we think about the money we earn and how we spend it.

Work out which sources you can trust and spend a little time with them each day.

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Karen Banes
Financial Strategy

Freelance writer sharing thoughts on life, society, creativity, and productivity. https://changetheworldwithwords.substack.com