Strengthing Your Money Muscles

When you go to the gym, you focus on one muscle at a time, so let’s do the same for your financial life!

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Intention

20 minutes

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Money Mindset Steps

1.

Individually, draw a wallet and a symbol for each piece of yourfinancial life. (Examples: cash to represent income, credit cardto represent debt, a stack of coins for savings.) Label each itemyou draw.

2.

Pick one part of your wallet drawing to focus your next financialgym session on. What will your exercises be? What is the first stepto starting your exercises? (Maybe you need a “gym membership”or a “personal trainer” like a financial advisor you trust.)

3.

Think about what might stand in your way in building this moneymuscle. What are some strategies to break through those hurdles?

4.

Pair with someone in the room and share your “exercise plan.”Think about what might stand in your way in building this moneymuscle. What are some strategies to break through those hurdles?

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Coaching Questions:

  • How is financial wellness like going to the gym?
  • What helps you develop healthy habits?
  • Who could you ask to be your “gym buddy”?
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Helpful Hints:

  • Ask the group to give their new money muscle exercise plan a name — instead of “30 days to abs” maybe it’s “30 days to better credit.”