Blue Monday: 5 ways to improve your money mindset


Blue Monday: 5 ways to improve your money mindset


January often seems like the longest month in existence. You’re back at work, it’s cold, and payday seems like a lifetime away.

If that’s not enough to bring you down, we’ve officially hit the gloomiest day of the year – Blue Monday.

Dubbed so by Sky Travel in 2005 in a bid to sell summer holidays, Blue Monday has become a day to promote mental wellbeing, particularly by the NHS.

The thinking behind the named day seems to come from an array of factors such as the weather, post-Christmas blues, New Year’s resolutions that have already failed and debt level (not helps by the post-Christmas bills that make an appearance around this time)

But, all is not lost. As Scotland’s debt specialists, we’re always looking for ways to help your ability to grow and develop a good money mindset.

What’s a money mindset?

Put simply, it’s your attitude towards money.

Money is something we all think about at least once a day, whether we like to admit it or not. We’re constantly thinking ways to make it, spend it or save it, and it’s your perception of this that creates your money mindset.

There are two kinds of money mindset; scarcity and abundance.

If you’re struggling to save money, find that you’re living from one wage slip to another or feel fear at the thought of money – you’re in the scarcity mindset. This often leaves people feeling like they never have enough money to cover their needs and it seems to go out as quickly as it goes in.

Abundance is where everyone wants to be. This mindset holds a more positive attitude towards money, where you feel that you have enough for what you need and getting money is achievable if you work to earn it.

So instead of letting Blue Monday get you down, why not try our top tips below to help you improve your money mindset and give yourself a better relationship with money?

1. It’s about respecting your money

One thing to learn about money mindsets is that it almost acts as a form of energy, and it comes with a lot of value and possibilities. By respecting the money you have enough to know your priorities, you’ll be able to understand how much value it holds.

You should also respect it enough to keep it organised, this will help you know where your money’s at, which in turn will help you reach your goals.

2. Practice the art of gratitude

This is one of the most important parts of having a good money mindset. There’s always something to be grateful for, regardless of what situation you’re in, and sometimes that’s all you need to help yourself shift your mindset.

Practice being grateful every day, be grateful for the money you have. It gives you a roof over your head, puts food on your table and gives you the life you have.

This also goes for your expenses. Much the same as your money, bills and expenses allow you to live the life you do and experience things in life.

3. Be generous where you can

The act of giving is just as important as the art of receiving, and this is vital to your money mindset.  There’s nothing better to put you in the abundance mindset than being selfless.

It improves not only your mood but the moods of those around you. Money has the power to bring positive energy, which will spread and could result in it then coming back to you.

4. Think abundance

If you think it, you’ll believe it. The best way to change your mindset to a more positive one is to train yourself to think in the abundance one.

This won’t be easy and may take you some time, but the more you do it, you’ll notice your perception of money will change, which in turn will help you achieve your goals. Even if your progress is slow, any improvement is still an improvement, so don’t be too hard on yourself.

5. Learn to love your budget

It’s often thought that having a budget goes against the principals of the abundance mindset because you’re limiting your spending. However, you should instead think of it as a tool to help you be fully in control of your money.

It helps you understand your money situation better and puts you in a much better position to meet your goals.

In the end, how you view your money is entirely down to you, but we hope these tips will help you to view it in a different light. Money shouldn’t cause the stress it does, but it’s important to be grateful for what you do have.

If you’re struggling with your finances, contact us today on 0808 2085 195. Our experts are on hand to offer you free and confidential advice to help you find a solution for your debts that’s suited to you.

You could write off up to 75% of unsecured debt with our debt assistant.

Get help with debts today


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