Money Scripts: Rewriting the Narrative of Scarcity and Shame for Young People of Color

Ever feel that familiar pang of anxiety when bills roll in, or a pit in your stomach around money conversations? You’re not alone. For young people of color (POC), financial stress and anxiety often run deeper than just personal budgeting. It’s woven into the fabric of our experiences, shaped by generations of systemic disadvantage and historical narratives of scarcity. These ingrained beliefs, known as money scripts, can hold us back and fuel imposter syndrome, limiting our financial potential.

What are Money Scripts?

Imagine money scripts as the invisible stories we tell ourselves about money. They’re formed by our families, communities, and the broader cultural messages we absorb. For POC communities, these narratives can be particularly harsh, whispering: “Money is for the lucky few,” “Hard work doesn’t guarantee success,” or “Talking about money is taboo.”

How do Money Scripts Harm Us?

These negative scripts can lead to:

Scarcity mentality: Feeling like there will never be enough, leading to impulsive spending or avoidance of financial planning.
Self-doubt and guilt: Believing you don’t deserve financial success or feeling shame for wanting more.
Imposter syndrome: Feeling like you don’t belong in spaces of financial privilege, holding you back from asking for raises or pursuing opportunities.

Rewriting the Script: Claiming Your Financial Power

The good news is, money scripts are not set in stone! Here are some steps to rewrite your narrative and build a healthier relationship with money:

1. Identify Your Scripts: Reflect on your beliefs and feelings around money. What messages did you receive growing up? What stories do you tell yourself now?
2. Challenge the Narrative: Question the validity of your negative scripts. Are they based on facts or outdated beliefs?
3. Seek Counter-Narratives: Surround yourself with positive financial role models and communities that challenge scarcity narratives.
4. Celebrate Wins: Acknowledge and celebrate your financial achievements, big or small. This builds confidence and reinforces positive beliefs.
5. Seek Support: Talking to a therapist or financial coach trained in cultural competency can provide invaluable guidance and support.

Remember: You are worthy of financial abundance and success. By rewriting your money scripts, you can unlock your full potential and build a brighter financial future for yourself and your community.

**Let’s rewrite the narrative together! We’re stronger together. **