“Money scripts, a term coined by financial psychologists Brad Klontz and Ted Klontz (Kahler and Fox…”

Tuesday, December 18th, 2012 at 8:34 am

“Money scripts, a term coined by financial psychologists Brad Klontz and Ted Klontz (Kahler and Fox 2005), are core beliefs about money that drive financial behaviors. Money scripts are typically unconscious, developed in childhood, passed down from generation to generation within families and cultures, contextually bound, and often only partial truths (Klontz and Klontz 2009). When money scripts are developed in response to an emotionally charged, dramatic, or traumatic personal, family, or cultural financial flashpoint, such as significant losses during the Great Depression, parental abandonment, or financial bailouts by a family member”

How Clients’ Money Scripts Predict Their Financial Behaviors