How to forgive yourself for financial mistakes
Feeling guilty when you make a financial mistake isn't necessarily a bad thing. It means you care. But some of us fall into a spiral of shame that impacts our mental health and prevents us from making progress. Here are 5 steps to financial forgiveness.
Hear 5 Financial Forgiveness Tips:
How to learn and grow from financial mistakes
In this episode of Queer money® we’ll give you our five best tips on how to forgive yourself for money mistakes. John describes his own experiences with financial anxiety and explains that forgiving himself was the first step to fixing his mistakes and moving forward.
We also reveal the results of our Queer Money® Facebook group survey on Forgiving Our Financial Mistakes and discuss how difficult it is for so many in the LGBTQ community to let go. (Cue Elsa in Frozen.) Finally, we introduce Hal Elrod’s Five Minute Rule for overcoming our frustrations and share some ideas for performing a ceremonial act of self-forgiveness. Listen to learn how to admit and learn from your financial mistakes, and find out how to forgive yourself and move on.
Financial forgiveness topics covered
Why it’s important to forgive yourself for money mistakes
Housing leads to anxiety and depression
You can’t solve a problem if you’re stuck in guilt
The financial anxiety that John experienced
$34,000 in debt kept him up at night
Had to forgive myself to move on
The Queer Money® Money Mistakes Survey Results
45% can’t help it
45% stay for a second and then move on
7% indifferent
Our 5 tips on how to forgive your financial mistakes
- Don’t Mix Feelings of Guilt with Feelings of Guilt (Hal Elrod’s 5 Minute Rule)
- Admit that a mistake was made
- Review to learn from a mistake
- Perform an act of letting go
- Say out loud, “I’m letting this go.”