Limiting beliefs about money
Monday Mindset Tips

Are These 3 Limiting Beliefs About Money Keeping You Skint?

If you want to earn more money, make money online, or start earning a living from home, and you have never done it before, there are probably quite a few limiting beliefs about money that you are going to have to work on before your goals will become a reality.

Working on your money mindset should be a priority.

I have been working on my internal ‘money stuff’ for years.  Originally, I had so many limiting beliefs about money that I could fill a book about them, never mind a blog post, but to cut my very long story short, here is the bottom line…

My negative money beliefs were keeping me POOR and yours will too, unless you work through them and change your hidden beliefs about money. 

In other words, how you think about money and how you feel about money affects the money that you have, or don’t have, in your life.  The money in your bank account is a direct reflection of how you think or feel about money.

Change your limiting beliefs about money and you will change your bank balance.  It’s that simple.

If you are struggling with money issues for example debt, lack of control with money (such as impulse spending) or being able to earn good money but being unable to keep hold of it, you have inner beliefs that are not serving you and it’s time to let them go.

Unfortunately it doesn’t happen overnight; these beliefs have been engrained for years.  So it takes time to root them out and get rid of these deeply buried limiting beliefs, but it can be done, and it isn’t hard, it just takes patience and the determination to do it.

So what are limiting beliefs?

There are a few obvious money statements that you’ve probably heard of that create a very negative feeling about money or thoughts about LACK of money. So let’s start there.

You will have heard some of these, perhaps your own parents, siblings, peers have said them to you or around you throughout the years…

“Money doesn’t grow on trees”

“We can’t afford it”

“I’m not MADE of money!”

These are usually said by a parent to a child if they ask for something that costs money.  I still hear these phrases being said to children in the supermarket, so it is being passed down from generation to generation.

All three of these phrases were said around me, and directly to me, over my childhood years, many, many times.

Without realise it the adults in our lives brain wash us with their own beliefs, and if they have negative beliefs about money, they’ll be sure to let you know that money is never around when you need it, but even if it was, you wouldn’t want to be too greedy by having too much of it!

I turned from a child to an adult saying all of these internal phrases to myself, and if anything bad happened like the washing machine broke down, I would curse my bad luck and tell myself that I couldn’t afford a new one, not even looking at how much money was in my bank.

My bank balance didn’t really matter, because I already KNEW I couldn’t afford.

I could have won the lottery and would still have been convinced that I couldn’t afford it!

Every month my money would go out of my bank and I would just about have enough to get by.  I ignored the things that I could have done to change my financial situation because “money doesn’t grow on trees” and I knew that there was no point in striving to save money or have more than enough because “I was not made of money”.

I was thinking myself poor.

The adult influencers in my childhood had totally brain washed me with their limiting beliefs about money and put them onto me!

My situation was completely different to theirs (I was single without children until my mid-20’s and I had more of a disposable income than my parents did, and their parents) but I was still living out my life with THEIR money beliefs.

Eventually, after becoming fed up with worrying about being skint all the time, I decided I wanted to change but I didn’t even know where to begin.  Nobody used to talk about all of this stuff (this was before people like Tony Robbins and people like that started to gain popularity in the UK).

Breaking out of this negative inner chatter was hard, but I was determined because I knew something HAD TO CHANGE.

The 3 Steps I Took To Change My Inner Gunk (Limiting Beliefs) About Money.

I started to become more conscious about my thoughts about money, and also started to notice the money situation of the people around me, especially at work – the way people talked about money, or felt about money.  The way some people seemed to have enough and other always seemed to be struggling.

Why did some of my friends really struggle, but others didn’t?

Why could some of my colleagues afford to go on holiday a few times a year and yet others were struggling to stay afloat or stay out of debt, when they were all earning similar wages.

At that time, I didn’t really know anybody that was born rich or born into to a posh family background, so it didn’t make sense that my friends and colleagues who were all similar to me in terms of background, income and education – were so different in terms of the money in their lives.


Gradually I started to notice that the ones who were ‘poor’ always described their financial situation in a negative way and the ones who seemed ‘wealthy’ described money in a positive way.

So the first thing I started to change was to stop talking and thinking about money in a negative way.  I stopped saying I was ‘skint’ and that I ‘couldn’t wait until payday’.

I never refused to do things with my friends because funds wouldn’t allow (within reason of course!) but a trip out to the cinema wouldn’t break the bank and I started to be mindful of that, whereas before I would have refused to go because I ‘couldn’t afford it’.

The next thing I did was take full control of my monthly budget.

I knew exactly what was coming in and what needed to go out.

The disposable income that was left was spent or saved ON PURPOSE. It didn’t just magically float out of my bank like it seemed to before.

I was now aware of what I was spending and happy to have money to spend.

Which brings me to the next phase…Being grateful for actually having money. 

And I do mean ANY money.  If I find 5 pence on my bedroom floor, I pick it up and give thanks for having money.  I never disregard money or show it disrespect, even the pennies.

Being grateful for having money is incredibly hard to do when you are up to your neck in debt, I get that, but my money problems started with a bad money mindset, my financial situation wasn’t actually that bad and as soon as I started to take control, things improved.

Weirdly, just taking time to appreciate the money that I was spending made me FEEL richer.

I wasn’t any richer than before, I was still earning the same money.  But because I took the time to appreciate the money left after my bills and every penny that I spent, I felt more in control of my finances and it felt very positive.

Those were the first 3 steps I took to change my money mindset.

Once I had a more positive outlook about money, and I felt more in control of my finances (rather than them controlling me), I was able to use this positive feeling to help me to manifest more money and opportunities to make money into my life, I will be releasing a money mindset workbook soon in my free resources that tells you exactly how I did it and how you can too.

Sign up here to make sure you receive it;

Those limiting beliefs will just keep on surfacing.

After you release one belief, another will surface.

This could go on for a long time if you have lots of negative beliefs about money, but don’t worry – you will be able to release them all!

It can seem overwhelming when you keep thinking of new negative beliefs, but try to remember that they can all be erased and there is no need to feel bad or worried about them, just work at proving them wrong and they will soon start to disappear.

A few years after I started improving my money mindset I was able to completely erase the belief that “our family has always been poor”.

I come from a working class background and when I was growing up it was 70’s/80’s Britain and in the North of England things were TOUGH.  Unemployment was extremely high, disposable income for most people in our community was very low (non-existent for some).

Judging by some of the comments made from elder family members, I assumed that life had always been like that for my relatives and ancestors.

But then I did our family tree and it turns out that for hundreds of years our family tree had various noble families that were very, very rich – how wrong could I be with my assumption that “our family has always been poor”!

This discovery completely blew me away.

I also remembered something from my early childhood and started to probe a bit more about my relatives.  I had vague recollections of an elderly uncle and he seemed quite wealthy, he had a very posh car and I remember that he had a nice house with lots of expensive items such as a Chesterfield sofa (not common in those days, and very expensive!).

I started asking about him and found out that he was a business owner, he owned a factory.  My mum and nan worked there for a short time, but I had completely forgotten as I was so young.

During these conversations I discovered that another relative (my mum’s aunt) was also a business owner, she owned a local shop when my mum was a child, and was definitely not poor.

So I really don’t know where the idea came from that ‘our family has always been poor’, it was a phrase that was often mentioned when I was younger but it was simply not true, not just for my ancestors, but even in recent times.

Not long after I dispelled this myth and some of my other hidden money GUNK, my finances improved.  I got a very good payrise and also an unexpected bonus. Coincidence?  I don’t think so.

Getting rid of your negative money beliefs is the best thing that you will do for your bank account this year.

Now you try:

Get a pen and paper and ask yourself how you FEEL about money.  Write down everything that pops into your head, good and bad.

If you had to debunk one of your negative views about money, which one would you start with?

Think about any negative phrases that you say to yourself, or that you have heard from members of your family over the years.   Write them down too.

The list should be getting quite big now.

Then do everything you can to prove them WRONG.

Start finding the evidence to debunk those myths!

For example if one of your negative beliefs is “people like me never have any money” start looking around you, who do you know that is similar in background, education etc.  Do they have money?  How do they talk or think about money.  If you are not sure, ask them!  Or start a conversation that revolves around money and the clues will be in their answers.  Are they negative or positive?

Let me know YOUR negative money beliefs in the comments, I’d love to hear how you are going to debunk those beliefs and improve your money mindset.  If you want any help, please just ask!



LImiting Beliefs About Money

You may also like...


  1. Such an eye-opener, I love how you debunked all your old mone beliefs! My money mindset is definitely something I struggle with, so thank you for these tips. 🙂

    1. Mel says:

      Thanks Milly, glad you found this useful. If you need any help, do get in touch!

  2. Hi Mel this was a really interesting read! I definitely grew up hearing those phrases and I know for a fact it has impacted how I look at money!

    1. Mel says:

      Yes, so many people did. It’s certainly impacted the way I speak about money around my own children. I was determined that any of those old beliefs that may still be within me would NOT be passed down another generation.

  3. This is SOOO important! I found that a lot changed for me once I reevaluated how I thought about money. Good post.

    1. Mel says:

      Thanks Ruthy.

  4. This is such a refreshing post & something I have recently gone through myself. Positivity breeds positivity / your vibe attracts your tribe etc, and I honestly believe that by banishing negative thoughts, about money and things in general, you are repaid in a big way. So thank you so much for this uplifting post. The steps are so simple but so effective!

    1. Mel says:

      Thanks Jess, I’m really pleased you enjoyed it. The gurus will always tell us that being positive (using affirmations for example) is a brilliant thing, but it’s not always the answer to our very deeply routed problems such as these old money beliefs passed on from previous generations. The worst thing you could do is start telling yourself 30 times a day that “I am rich” if you feel deep down that you are not. This just reinforces the old beliefs and buries them deeper! Long lasting change involves erasing those beliefs and creating new ones… I will talk about that some more in my future posts.

  5. Completely true. Makes you reevaluate how you think of money for sure.

    1. Mel says:

      Thanks Rae, I hope you’ll use these steps to uncover some of your hidden money beliefs.

  6. Money was always such a huge challenge for me until recently. Now I have to fight to not just splurge on all the things I always wanted

    1. Mel says:

      What changed for you at around the time that this started to happen? Look into the WHY beneath these feelings and you’ll figure out what is causing this new behaviour. If you want any help, get in touch.

  7. I have only recently dived deep into my own money mindset and thoughts I hold true about money.. and it really does work being able to let these limiting beliefs go and manifest more money. Great tips!

    1. Mel says:

      Yes, it really does work! Thanks for stopping by Heather.

  8. Very interesting post. I think of my money situation like this all the time and I have to learn to not feel that way. It brings me down and I prevent myself from doing things I love because they cost money. Thank you!

    1. Mel says:

      Crystal, my advice is to take one step at a time. Doing things you love doesn’t have to cost lots of money. Just choose a couple of affordable things every month and DO THEM. Don’t make excuses. I have a bucket list of things I want to do and I love checking them off whenever I get to try or experience something new. Good luck 🙂

  9. I also had same mindset like yours .But now things really changing .Thanks for this wonderful post .

    1. Mel says:

      I’m so glad to hear that Ramesh! Thanks for stopping by.

  10. I love that you made this super actionable 🙂 Great post!

    1. Mel says:

      Thanks Tim. I always like to make things actionable. Reading and learning is great, but without action – nothing changes!

  11. Lauren says:

    I can relate that with sometimes how people grow up and if they don’t experience much, they think the same for their offspring. I feel that I have that in my life and it’s my peers now that are pushing me forward to keep pursing what I want to do in life, even though its not “conservative” and a normal 9-5 steady job.

    1. Mel says:

      Thanks for stopping by Lauren. It’s great that you are surrounding yourself with cheerleaders 🙂 Whatever you do, don’t tell the naysayers about your goals. They will always try to talk you out of them!

  12. […] Are These Three Beliefs Keeping You Skint? (that’s a British word for “poor” for my American friends) – Mel argues that one of the reasons she struggled for so long to make money was her negative outlook. In this post, she talks about how this type of self-talk sabotaged her chances at financial freedom. Mel also shows how she, and you, can turn around and develop a positive mindset. […]

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.