Is it possible to be too good of a saver? In the past I only saw being a great saver as a wonderful trait. Spending less than you earn, keeping a fund for all those rainy days, those are really good ways to reach your financial goals, right?
I’ve recently heard several stories of people who are so committed to saving on a regular basis it causes issues in their money relationships.
A financial advisor I consult with shared that one of her clients was opposed to her husband retiring. At first the advisor assumed the wife needed to see the retirement projections again, but that wasn’t the issue.
Upon deeper exploration the woman disclosed that she didn’t want her husband to retire because he was so conservative with spending and so committed to saving that she was convinced he’d never agree to remodel their kitchen. Since they work with a great advisor who was able to uncover the real issue, she assured them both that these renovations are included in their plan and helped them avoid unnecessary conflict.
While speaking recently to a group of very wealthy business owners I heard similar stories. One person there said they were so hyper aware of the family’s assets and wealth it was hard to relax and give up some control over the family spending.
Obsessive saving, worry, and control are often symptoms of misaligned money beliefs. Uncovering and exploring these beliefs can bring more peace to your money relationship.
Fascinating stuff we humans have around money, huh?!
If you’d like to take a deeper dive into understanding your own relationship with money and transforming it for the better let me know.
Every good wish,
+ Interested in improving your relationship with money? Feeling like you might have some beliefs or blocks in business and your personal finances you’d like to clear? Learn more here.