{"id":3832,"date":"2022-07-25T09:21:45","date_gmt":"2022-07-25T09:21:45","guid":{"rendered":"https:\/\/1finance.co.in\/magazine\/?post_type=blog&p=3832"},"modified":"2025-08-02T14:56:59","modified_gmt":"2025-08-02T09:26:59","slug":"how-our-memories-shape-the-way-we-think-about-money","status":"publish","type":"blog","link":"https:\/\/1finance.co.in\/1f-dashboard\/blog\/how-our-memories-shape-the-way-we-think-about-money\/","title":{"rendered":"How Our Memories Shape the Way We Think about Money"},"content":{"rendered":"

The world as we know it as adults is often viewed through the prism of our childhood experiences and memories, which may also reflect in the relationship you currently have with your money. Money is a complicated but fascinating object in our everyday lives. Our first brush of informal knowledge about it is through interactions with parents and peers, especially during early childhood (from birth to eight years of age), which is a period of tremendous cognitive growth. This is when you begin to gradually <\/span>identify other people\u2019s emotions<\/span><\/a> and also gain a <\/span>basic understanding of financial transactions<\/span><\/a>.\u00a0<\/span><\/p>\n

Canada-based therapist Omar Bazza, who often speaks about mental health issues on Twitter (@bazzapower), recently wrote a thread on <\/span>how childhood memories mould our future<\/span><\/a>: \u201cThe memories that we have serve a purpose. None of our memories occur by accident. The save button of our brain is emotion. The stronger the emotion, the more likely the memory is to be strong and vivid. All our memories have emotions attached to them.\u201d<\/span><\/p>\n

If you can recall how your parents spoke about money when you were a child \u2014 whether arguments over money being tight or lectures on the importance of saving for a rainy day \u2014 you might find that these incidents inform the emotions you feel while making monetary decisions now. If things were hard at home and your needs were never met, you might mull hard over every purchase and may have some amount of financial anxiety as a grown-up. And even if your circumstances have changed now, you may still find it difficult to justify extravagant purchases \u2014 or experience buyer\u2019s remorse if you do make that purchase. On the other hand, if you were brought up in an environment where living beyond your means was habitual, you may be inclined to satiate your needs instantly, even if it breaks the bank.<\/span><\/p>\n

Of course, our childhood memories are not the only factor that defines our relationship with money \u2014 and they don\u2019t eliminate the possibility of changing our financial behaviour either. For instance, <\/span>Indians are often considered to be risk-averse investors<\/span><\/a> and would rather make decisions that protect their money than focus on generating returns. Among the Indian middle class in particular, this mindset could be a result of living through the 1990s and late 2000s, decades that are widely remembered for a series of financial scams. But that doesn\u2019t necessarily reflect the way the generation that grew up during this period manages their money. A recent NSE survey discovered that the current generation of young Indian investors \u2014 aged between 21 and 45 years old \u2014 have a more robust appetite for risk compared to previous generations.\u00a0<\/span><\/p>\n

Our understanding of finance evolves as we grow older and explore new ways of experiencing this realm with an expanded consciousness that is informed by several determinants beyond the memories of our childhood. In the process, we may find wisdom and comfort in convention or unlearn what is potentially maladaptive in the interest of safeguarding a stable financial future.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The world as we know it as adults is often viewed through the prism of our childhood experiences and memories, which may also reflect in the relationship you currently have with your money. Money is a complicated but fascinating object in our everyday lives. Our first brush of informal knowledge about it is through interactions […]<\/p>\n","protected":false},"featured_media":4885,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_updated_date":""},"blog-category":[292],"acf":[],"yoast_head":"\nHow Our Memories Shape the Way We Think about Money<\/title>\n<meta name=\"description\" content=\"Explore insightful articles on finance, investments, and money management on our blog. Stay informed and make wise financial decisions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Our Memories Shape the Way We Think about Money\" \/>\n<meta property=\"og:description\" content=\"Explore insightful articles on finance, investments, and money management on our blog. Stay informed and make wise financial decisions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/\" \/>\n<meta property=\"og:site_name\" content=\"Blogs\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-02T09:26:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/imaages-hosting-1fin.s3.ap-south-1.amazonaws.com\/assets\/ogimage\/Blog.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"525\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@1FinanceHQ\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/\",\"url\":\"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/\",\"name\":\"How Our Memories Shape the Way We Think about Money\",\"isPartOf\":{\"@id\":\"https:\/\/1finance.co.in\/blog\/#website\"},\"datePublished\":\"2022-07-25T09:21:45+00:00\",\"dateModified\":\"2025-08-02T09:26:59+00:00\",\"description\":\"Explore insightful articles on finance, investments, and money management on our blog. Stay informed and make wise financial decisions.\",\"breadcrumb\":{\"@id\":\"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/\"]}],\"primaryImageOfPage\":{\"@id\":\"\"},\"image\":{\"@id\":\"\"}},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/1finance.co.in\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blogs\",\"item\":\"https:\/\/1finance.co.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"How Our Memories Shape the Way We Think about Money\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/1finance.co.in\/#website\",\"url\":\"https:\/\/1finance.co.in\/\",\"name\":\"1 Finance\",\"description\":\"Our single focus, to get you to re-imagine your Personal Finance What does this mean ? There\u2019s a process to grow your money while you peacefully sleep, which only the top 5% have access to. It\u2019s what makes the rich, even richer.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/1finance.co.in\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Our Memories Shape the Way We Think about Money","description":"Explore insightful articles on finance, investments, and money management on our blog. Stay informed and make wise financial decisions.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/","og_locale":"en_US","og_type":"article","og_title":"How Our Memories Shape the Way We Think about Money","og_description":"Explore insightful articles on finance, investments, and money management on our blog. Stay informed and make wise financial decisions.","og_url":"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/","og_site_name":"Blogs","article_modified_time":"2025-08-02T09:26:59+00:00","og_image":[{"width":1000,"height":525,"url":"https:\/\/imaages-hosting-1fin.s3.ap-south-1.amazonaws.com\/assets\/ogimage\/Blog.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@1FinanceHQ","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/","url":"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/","name":"How Our Memories Shape the Way We Think about Money","isPartOf":{"@id":"https:\/\/1finance.co.in\/blog\/#website"},"datePublished":"2022-07-25T09:21:45+00:00","dateModified":"2025-08-02T09:26:59+00:00","description":"Explore insightful articles on finance, investments, and money management on our blog. Stay informed and make wise financial decisions.","breadcrumb":{"@id":"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/"]}],"primaryImageOfPage":{"@id":""},"image":{"@id":""}},{"@type":"BreadcrumbList","@id":"https:\/\/1finance.co.in\/blog\/how-our-memories-shape-the-way-we-think-about-money\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/1finance.co.in\/"},{"@type":"ListItem","position":2,"name":"Blogs","item":"https:\/\/1finance.co.in\/blog\/"},{"@type":"ListItem","position":3,"name":"How Our Memories Shape the Way We Think about Money"}]},{"@type":"WebSite","@id":"https:\/\/1finance.co.in\/#website","url":"https:\/\/1finance.co.in\/","name":"1 Finance","description":"Our single focus, to get you to re-imagine your Personal Finance What does this mean ? There\u2019s a process to grow your money while you peacefully sleep, which only the top 5% have access to. It\u2019s what makes the rich, even richer.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/1finance.co.in\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/1finance.co.in\/1f-dashboard\/wp-json\/wp\/v2\/blog\/3832"}],"collection":[{"href":"https:\/\/1finance.co.in\/1f-dashboard\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/1finance.co.in\/1f-dashboard\/wp-json\/wp\/v2\/types\/blog"}],"replies":[{"embeddable":true,"href":"https:\/\/1finance.co.in\/1f-dashboard\/wp-json\/wp\/v2\/comments?post=3832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1finance.co.in\/1f-dashboard\/wp-json\/wp\/v2\/media\/4885"}],"wp:attachment":[{"href":"https:\/\/1finance.co.in\/1f-dashboard\/wp-json\/wp\/v2\/media?parent=3832"}],"wp:term":[{"taxonomy":"blog-category","embeddable":true,"href":"https:\/\/1finance.co.in\/1f-dashboard\/wp-json\/wp\/v2\/blog-category?post=3832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}