By Emmanuel Akrong, CEO & Founder of CedisPay

Most people believe that financial success is about how much money they make. But 80% of your financial success comes from your mindset. Your relationship with money was shaped long before you started earning—just like your attachment style in relationships.

• Step 1: Understanding Your Money Attachment Style: In Attachment Theory, the way we relate to people is shaped by our earliest experiences with our primary caregiver. If a child receives consistent love and security, they develop a secure attachment—trusting relationships as stable and safe. But if a caregiver is inconsistent, emotionally unavailable, or unreliable, the child may develop insecure attachment styles—becoming anxious, avoidant, or fearful in relationships. 💡 The same applies to money. Your earliest experiences with financial security or insecurity shape how you relate to money today.
  The 4 Money Attachment Styles
  • Secure Money Attachment – You trust that money will come and go, and you manage it without fear or stress.
  • Anxious Money Attachment – You constantly worry about not having enough, even when you're financially stable.
  • Avoidant Money Attachment – You ignore money, avoid financial planning, or believe money shouldn’t be discussed.
  • Disorganized Money Attachment – You have a chaotic approach to money—sometimes overspending, sometimes hoarding out of fear.
  My Money Attachment Style: Anxious & Disorganized: Growing up, money always felt scarce. My family struggled financially, and I saw other kids in school who had what I didn’t. This created a deep feeling of insecurity around money—I felt like money was something others had, and I didn’t. Whenever I got money, I felt excited but also anxious. I worried about when I’d get more, whether I should hold onto it tightly or spend it before it disappeared. This is classic anxious attachment—money felt unstable, and I felt powerless over it.
  
  At the same time, my money habits were disorganized. Sometimes I would save obsessively, afraid to spend even when I needed to. Other times, I would spend impulsively, feeling like I had to enjoy it before it was gone. I didn’t realize it at the time, but I was repeating the same scarcity-driven patterns I learned in childhood.
• Step 2: What’s Your Money Story?: Your money story is the history of how you've related to money throughout your life. It’s shaped by childhood experiences, struggles, and the beliefs you absorbed along the way. For me, my childhood struggles defined my early money mindset. I remember seeing pictures of myself as a child—wearing old clothes, barefoot, because my parents couldn’t afford better. Money always felt like something just out of reach. 💡 The beliefs you form in childhood become your financial ceiling in adulthood.
  Common Money Stories That Keep You Stuck
  • "Making money is hard."
  • "I’ll never have enough."
  • "Only greedy people get rich."
  • "If I make too much, I’ll lose it all."
  These thoughts keep you trapped in scarcity thinking, even when you start earning more.
• Step 3: How I Moved from Scarcity to Abundance: Recognizing my anxious and disorganized attachment to money was the first step. Here’s how I changed:
  • Awareness: Facing My Money Story: I had to acknowledge my childhood experiences and how they shaped my fears around money. Instead of ignoring my emotions around money, I started reflecting on why I felt anxious, guilty, or impulsive with it. CedisPay’s Financial Wellbeing App helped me track my emotions around money by categorizing my spending and savings behavior. Seeing my financial patterns in real time allowed me to make intentional changes.
  • Rewriting My Money Beliefs: I had to challenge my limiting beliefs and replace them with new, empowering ones:
    • Instead of “Making money is hard,” I started believing “Money flows where value is created.”
    • Instead of “I’ll never have enough,” I affirmed “There is always more than enough.”
    • Instead of “Only greedy people get rich,” I realized “Money is a tool for impact and security.”
  • Practicing Financial Stability: Since I had an anxious and disorganized attachment to money, I had to train myself to feel secure with money:
    • Budgeting with CedisPay – Instead of seeing money as unstable, I created a structured system using CedisPay’s Budgeting Tool to track income and expenses.
    • Emergency Fund – Building a 6-month safety net using the CedisPay Savings Planner gave me psychological security and peace of mind.
    • Smart Spending – I learned to spend without guilt while making intentional choices using CedisPay’s Smart Shopping Guide.
    • Investing for Growth – I moved from hoarding money out of fear to letting it grow through CedisPay’s Tier 3 Pension Planning Tools.
  • Shifting from Helplessness to Helpfulness: For years, I thought:
    • “I don’t have enough money.”
    • “I need to make more before I can help others.”
    But I realized abundance starts with generosity. Instead of focusing on what I lacked, I began asking:
    • “How can I help someone today?”
    • “What skill can I offer for free?”
    • “How can I create value before expecting money?”
    Ironically, the more I helped others, the more opportunities and wealth naturally followed.

Your Challenge: Identify & Transform Your Money Mindset

• Step 1: Identify whether you have a secure or insecure money attachment
• Step 2: Reflect on your money story—what beliefs about money did you grow up with?
• Step 3: Rewrite the limiting beliefs that keep you stuck in scarcity
• Step 4: Focus on helpfulness instead of helplessness—how can you add value to others?

Final Thoughts

Your money mindset is the foundation of your financial success. If you constantly feel stressed, anxious, or fearful about money, it’s time to examine your money story and shift toward abundance thinking.

💡 Tools like the https://cedispay.com.gh/budget can help you track your financial habits, build stability, and move toward financial freedom. 🚀 What’s your money story? What beliefs are you letting go of to move toward abundance? Share in the comments! #MoneyMindset #FinancialAbundance #CedisPay #Budgeting #WealthBuilding