Let’s talk about your savings account. Not your retirement account, your savings account. The amount of cash you have on hand right now – your emergency fund, your six to nine months of monthly expenses in the event that something unexpected should happen.
How many of you even want to think about that number because it’s too small or even a big fat zero.
Take a minute to write own the amount of your savings. Even if it is zero, write it down. Take a couple of deep breaths and sit with that number for a minute.
How does it make you feel? What are the two main emotions that you feel as you look at that number?
What is running through your mind? What are you saying to yourself as you look at that number?
Does thinking about the amount in your savings remind you of something that happened in the past that involved great loss, disappointment or a feeling of losing safety and security?
Look at the amount and finish this sentence, “This means I’m a ___________________.”
If you’re like a lot of people, that exercise just made you feel sick. For most people, the dominant emotions associated with their savings account are fear and shame.. These emotions are rooted in a past event, usually in childhood, that caused you to feel unsafe. Sometimes the event is directly associated with money, sometimes it’s not. Regardless, your mind and body have subconsciously tied the event and the feelings associated with it to saving money. Now, whenever you look at your savings account or try to save money, your body starts feeling those same feelings of fear and shame and your mind starts running those toxic thoughts like a soundtrack. This is called the mind-body-money connection. If you have a negative one, your relationship with your savings account is going to be rocky.
To beef up your savings account, you have to clear those past negative associations and allow positivity to permeate. The energy of a healthy, growing savings account is that of safety, restoration and replenishment. In our society, the amount you have saved usually dictates how much freedom you have to take care of you. If you have meager savings, you generally feel trapped in your job, like you don’t have the option to quit, take time off, or sometimes even stick up for yourself if negative situations with your superiors arise.
Most people direct a lot of emotion and attention to their money, or lack of it. In addition, there is a lot written about safety, some people call it an illusion. The truth is, that safety is a feeling. The truth is you can allow that feeling to first exist and then take hold and then expand in your life. As you cultivate this feeling and allow it to grow, your savings account will expand and grow.