8 Steps Women Can Take to Improve Their Relationship with Money

Do women have different relationships with money than men? Very definitely, yes, says entrepreneur and business coach Meriflor Toneatto.

“For women, money is an emotional currency, tied to our sense of self-worth and confidence, which can lead us to financial pitfalls that ultimately limits what we pursue in life,” says Toneatto, a certified business and life coach, and author of “Money, Manifestation & Miracles: 8 Principles for Transforming Women’s Relationship with Money,” (www.moneymanifestationandmiracles.com).

A woman’s emotional relationship with money directly impacts her overall level of satisfaction in life – or lack of it, Toneatto says.

“Wealth isn’t just about money; it’s about the quality of a woman’s overall life,” she says. “Greater awareness of how you feel about your life can yield helpful insights regarding your relationship with money, which can immediately change for the better.”

There are a number of ways to start doing that. Toneatto reviews eight of them:

• Give yourself permission. For better or worse, women tend to seek support or permission for significant life decisions. Skip a step and give yourself permission. It’s important to have an open mind and heart as you proceed with financial self-improvement, which includes being grateful for who you are right now, warts and all, for arriving at this moment in your life.

• Be honest. Total honesty is the best way to get to the root of your feelings, beliefs and attitudes about money. Women often keep secrets about our true feelings, especially regarding money.

• Put yourself first. Commit to taking care of yourself and putting your needs at the top of your priority list. Think of it as “self-full” rather than “selfish.” When you love yourself, you’ll experience positive changes that will benefit those around you; you will operate better. “Self-fullness” may include scheduling uninterrupted time alone for reflection, reading, meditation, physical training and other ways to get in touch with your emotions.

• Start a money journal. Consider keeping a gratitude journal and, taking it a steep further, a financial journal. What you focus on will grow, so focus on being grateful about money and you’ll start to see positive changes in your life.

• Practice forgiveness. A key way to move beyond your emotional obstacles with money is to let them go and forgive. Practicing forgiveness is a powerful way to remove what’s standing between you and having more money in your life.

• Feel prosperous and rich now. Prosperity and wealth is a state of mind. It’s essential that you don’t feel poor because that brings your thoughts toward poverty. Your goal is to take stock of what you have now, embellish it with gratitude, and enjoy the return.

• Pay attention to synchronicities. As you begin to work on transforming your relationship with money, pay attention to what comes back to you as a result of your intention. Be aware of coincidences, synchronicities and opportunities that come your way. This may include new clients at unexpected places, hearing references to new books or even a mentor, or the possibility that you’re at the right place at the right time.

• Celebrate the big and small – have fun! We always notice the big things in life, but we tend to overlook the little steps we took to get there. They all count! And, take heart in your journey – an adventure of self-discovery, love, courage and possibility. This is at the heart of true, lifelong self-improvement.

“Just like other crucial life factors, such as health and spiritual well-being, a healthy financial relationship is a lifelong commitment, and what I detail here is just the beginning,” she says. “Maintaining the right money mindset will require further guidance for some women.”

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Meriflor Toneatto is the founder and CEO of Power With Soul, a company dedicated to empowering female entrepreneurs and professionals by helping them transform their relationship with money. The author of “Money, Manifestation & Miracles: 8 Principles for Transforming Women’s Relationship with Money,” (www.moneymanifestationandmiracles.com), Toneatto holds a bachelor’s degree in public administration and management and graduate certifications in personal, professional and financial coaching. A former corporate executive, she is a recipient of the Amethyst Award for Excellence and Outstanding Achievement from the government of Ontario, Canada.