Do you have high financial self-esteem?

by Stacy Francis, CFP®, CDFA

What does self-esteem have to do with money? Actually a lot! Your relationship with money is often a reflection of your self-esteem. So what is high financial self-esteem? A good financial self-esteem is the result of handling your money with wisdom and confidence.

Answer "Yes" or "No" to the statements below to find out if you have a high financial self-esteem.

  • I charge less for my services than I know I deserve

  • I haven't asked for a raise in over a year

  • I feel guilty about how I spend my money

  • My checkbook is never balanced properly

  • I buy gifts for others even though I can't afford them

  • I have a tendency to pay my bills late

  • I'm too embarrassed to let anyone see my financial situation

  • I continue to add to my debt without knowing how I'll pay it back

  • I have trouble asking for money owed to me

  • I blame others for my financial troubles (parents, banks, credit card companies, etc.)

If you answered yes to any of the questions above, don't fret! Many people struggle with money issues. Unfortunately, chronic shame or guilt about finances only creates a state of "poor" thinking. And, this type of thinking is like a magnet for more financial trouble.

Savvy Ladies’ Tip: Focus your energy and attention on the new behaviors that will help you break away from negative spending patterns, pay off outstanding debts, develop a spending plan, conquer the checkbook blues, and create new wealth.


Stacy Francis, CFP®, CDFA

Stacy Francis is the Founder, CEO and President of Francis Financial, Inc., a Wealth Management and Financial Planning firm. With over 18 years of experience in the financial industry, she is a CERTIFIED FINANCIAL PLANNER™ (CFP®), a Certified Divorce Financial Analyst™ (CDFA™), and a Certified Estate Planning Specialist (CES™). She is the Co-Director of the Association of Divorce Financial Planners’ (ADFP) Greater New York Metro Chapter and a member of the Women Presidents’ Organization (WPO) and an honoree member of the Private Risk Management Association (PRMA). A nationally recognized financial expert, Stacy has appeared on ABC News, CNBC, CNN, PBS Nightly Business Report, The Today Show, Good Morning America, Fine Living Network, and The O’Reilly Factor. Stacy attended the New York University Center for Finance, Law and Taxation.