How to Discover and Change Your Limiting Money Beliefs

Do you ever feel like you are constantly facing the same money problems?

limiting money beliefs

No mater how successful you are, your money hits the same roadblock over and over again.

It does not have to be this way. You can unblock your money and find the financial success you want.

How? By discovering your subconscious money beliefs.

Subconscious beliefs about money have the power to make us doing things that we know are not good for us.

It is like two conflicting thoughts have to battle it out for the win.

Most of the time, the subconscious wins.

But you can change that.

In this article, we are going to look at how to find your limiting money beliefs and how to change them.

Before long you will be making wise money decisions!

Ways to Uncover Your Limiting Money Beliefs:


Journaling is a powerful way to reach your subconscious. Once you learn how to free flow write, it is amazing what can come out.

I know that journaling can be hard to get started with. Especially when you are doing more than tracking what you did for the day.

But I promise it is worth the effort. I have been journaling for over 15 years. I can say it is the best way to begin to understand yourself and what is blocking you.

Not sure where to start? Download this list of journal prompts that will guide you.


Or write about your life money story to help you see where you might be stuck. Start in childhood and continue to now. Take the time and make this as detailed as possible.

Look at everything from what did mom and dad teach, to what did my friends believe and how have your jobs influenced you.

Watch for Patterns

Our patterns tend to show us where we are stuck and may have a limiting belief.

These patterns could be in either your behaviors or your thoughts.

When looking at your thought patterns look for negative self-talk.

Negative self-talk would be statements such as: “I am worthless” or “I don’t deserve this.”

Once you have identified your negative self talk, journal about the following.

  • Why do I believe this?
  • Is this true?
  • How can I change that?

When looking at your behavior patterns look for actions you take that damage your finances.

To give you an idea of what these might be here are some examples:

  • Having a shopping spree every time your mom leaves after a visit.
  • Right before you find success with a new product or service you decide to stop producing it.
  • You save money, but don't ever allow yourself to use it. Your friends invite you out for a nice dinner, and you decide to have rice and beans instead! Money problems can also be that you don't allow yourself to enjoy life.

Once you have identified these actions, then journal and try to figure out why you are doing the action.  What is the belief behind the action?

Read Books on the Topic

Sometimes we are so blind to why we are doing something, we need to read about it to realize it.

Many times I have realized a major block while reading about it in a book.

Every author has a different way of approaching the subject. Read a few so you can get a good overview.

Here are two of my favorites:

Summary - Uncovering Limiting Beliefs

  • Journal
  • Watch for patterns - thoughts and actions
  • Read books on the topic

How to Change Your Subconscious Limiting Beliefs

Once you have figured out what your limiting money beliefs are, it is time to change them! Here are five ways to begin eliminating them.


You had to know this one was coming! 🙂

Journaling is a great way to analyze why you are doing something. Not only that but has been shown to also help you overcome the negative emotions. You end up knowing yourself better and eliminating negative beliefs.

As a bonus it has even been showed that people who journal through hard situations, are healthier than those that do not.

A quick formula to start with is:

  • What is behind the belief?
  • Is this true?
  • What other truths can there be that counter this one?
  • What does it mean if this is true?

Tapping (Emotional Freedom Technique)

Tapping is a healing technique that combines psychology and acupuncture points to change your brain.

The short version is that you tap on meridian points while talking through the belief that you are trying to change.

Through the tapping the amygdala calms down and allows you to overwrite your old beliefs.

This technique has helped me clear not only limiting beliefs, but tackle things like anxiety and forgiveness.

You can learn more about it here and get a free eBook on dis-empowering money beliefs.

Don't discount this, give it a try!

Change Negative Self Talk

Once you have identified ways that you are telling yourself negative things you need to put an end to it!

Breaking the cycle of negative self talk can be hard. But it starts with recognizing it when you do it.

After you say something negative, stop yourself and change it to a positive statement.

This will take practice, so don't give up.

For more on how to break the cycle: How to change Negative self talk to positive self talk

Practice New Habits

It is one thing to identify a problem, and another to actually change it!

One thing you can do is begin to create new solutions to your old habits.

For example, if you used to go shopping as stress relief come up with a list of alternatives.Before you head out the door to the mall, pull out the list and pick another alternative. This might be going for a walk, taking a bath or calling a friend.

Changing habits is not easy, our minds go to them as automatically after a trigger happens.

You need to be aware when this occurs and change the action that you normally take.

Get Help

Nothing working?

Get help!

Do not be afraid to admit that you can't change on your own.

Get a counselor, or coach specializing in limiting beliefs.

Sometimes it is hard to change these beliefs because we still can't fully see them. Or how they are impacting our lives.

Summary - Changing Limiting Beliefs

  • Journal
  • Tapping (Emotional Freedom Technique)
  • Change negative self talk to positive
  • Create new daily habits
  • Get help from a coach or counselor

Final Thoughts

As you are going through the process of discovering your limiting money beliefs keep a few things in mind.

  • Sometimes your limiting beliefs don't make sense. You will find yourself asking "why would I do that?" Remember we created these beliefs as a way to protect ourselves. Most of the time when we were little. So they may not make sense at all. They are coming from the view of a child.
  • After you find your first batch, there will most likely be another. This is an ongoing process. We are continually learning and creating new beliefs. Consider it like an onion. You will keep finding layer after layer.
  • This does require work and won't happen by itself. You have to actively work to change your beliefs.
  • You have to own that you have the power to control and change your thoughts. You do create your own destiny.

While this is not the easiest thing you will ever do, it is worth it!

Alternative to Discovering Your Limiting Money Beliefs

There is a school of thought that says instead of figuring out your limiting beliefs you simply create the beliefs that you want.

The idea from Mike Doley says that when uncovering beliefs you may end up creating ones you previously did not have. Thus instead list out the traits you want and need to achieve your goals.

The using this list use affirmations and action that reinforce them. Then you create new beliefs and replace the old without the work of finding what you need to fix.

I personally have found that a combination of both actually works great.

Pam says December 4, 2013

I’ve had lots of limiting beliefs around money over the years. I don’t know that I’ve completely overcome any of them, but I’m trying to shift my thinking in terms of how much something costs vs. the value I’m getting from it. That has helped tremendously. Keep up the great work, Andrea!

    Andrea says December 4, 2013

    Thanks Pam! That is the hard part about limiting beliefs, they are deep rooted and tend to be stubborn! Yet if we keep working on them they eventually give up and go away!

Sabrina at MyMiBoSo says December 4, 2013

So good! Working with limiting beliefs is at the core of my work – and my own healing journey! You’re absolutely right that awareness is key – that first step of digging it up out of the subconscious layer and taking a good look at it in the conscious layer so that we can choose new beliefs and change our behavior. I am definitely still working through my own layers of money “stories” – but when I do the work, I definitely see the shifts in my life.

DIANA says December 29, 2013


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