May Challenge Wrap-Up: Map Your Money Thought Patterns

As we wrap up our May challenge, we’ve not only uncovered surprising thoughts about money, but we’ve also made strides in opening up the conversation on a topic often viewed as “too taboo to touch”.

The progress was real and relatable, and we hope you feel the same way too!

Look At Us Now

It wasn’t long ago that our actions were speaking louder than our hidden thoughts about money. Luckily we got to know ourselves better with a word storm exercise that kicked off the monthly challenge. Through a process that involved analyzing and identifying our deep-seeded monetary beliefs, priceless insights bubbled up to the surface.

Our relationship with money got another healthy boost when we took the plunge and shared our no-boundaries word storm with a money buddy. There may have been a nervous moment or two, along with some apprehension when they stormed up their own set of words, but then…then we got to talking.

Questions, opinions, advice, support – what a difference it makes to have a space for candid chats on one of the longest-standing relationships of our lives!

Thanks money buddy, and since we know you lead a busy life, it’s time to stretch the conversation to pull out all the juiciest bits.

Money Talks

Your partner, children, parents, best friend…we all have different touch points that form our network of relationships and in some way or another, money plays a role in each of them.

Let’s think of some ways we can weave cash-positive chatter into the fabric of our lives:

  1. Partner: If you and your partner already have a financial arrangement that works, that’s great! But guess what: deciding things once doesn’t mean it’s an off-limit topic for the future. Chances are you both make financial choices every day, right down to whether or not to grab that morning coffee on the go. So try and think of “money talk” being as common as your morning coffee, with regular questions, suggestions, and supportive comments as smooth as your morning brew.
  2. Children: No matter what age your children might be, it’s never too early to help get them thinking about the many roles of money. Whether it’s helping them understand what amount of your salary is taxed and where it goes—to help calm their appetite for every new toy in existence—or having a conversation about RRSPs when they start their first part-time job, there’s plenty to talk about over dinner or the drive to school.
  3. Parents: When you were growing up, your parents likely led while you followed. Hopefully you learned a lot, and as you make your way in the world and absorb all kinds of new information, embrace the opportunity for a new type of conversation. Check in on if your parents have completed their will, make sure they have a plan for outstanding debt, and gain some valuable insights on retirement.
  4. Best friend: Your confidante, your mirror, your ally through thick and thin. A best friend can be priceless, and when you think about all the secrets you’ve shared and secured in your respective vaults, money’s likely far less taboo. Maybe we never thought of it before, but now that we’ve completed our word storm and brought our money thoughts to the surface, let’s get in on this untapped resource.

Map to the Future

We did it. We mapped our money thought patterns and gained a better understanding of ourselves. Now that we know the people in our closest circle can help transform this understanding into a healthier relationship with money —as we give back the same in return—our path to our future financial goals is sure to get a little clearer.

Onward we go!

Keep Stnce on the brain with our latest fun post on saving money with a capsule wardrobe, and be on the lookout for our upcoming challenge on how to get a valuable “return” for your time.