What’s Your Money Story?
One of my first students at Pockets Change told me, “If I don’t have a plan for my money, my money’s gonna have a plan for me.”
It’s a simple statement that also happens to be some of the best financial advice I’ve ever heard.
We start forming relationships with money between 3-7 years old; while we’re listening to Elmo sing about getting new shoes or sneaking to the doorway as our parents watch Succession. Fictional characters’ wants and needs fill more than screens; they shape our financial narratives.
Across storylines, characters exemplify money personalities in action. Every iteration of Teenage Mutant Ninja Turtles spends their (literally) hard fought loot on pizza, but each member embodies distinct habits & tendencies. That’s why our multigenerational Hip Hop & Finance programs start with finding your money personality. We use a simple, 2 question money personality quiz to determine one of four money personalities. The questions are rooted in financial psychology and behavioral economics.
Through money personalities, Students, teachers, and family members of all ages have been able to forgive themselves and move forward. The 4 personalities are full of relatable tendencies that make sense of the seemingly irrational ways we deal with money. Do you only buy things on sale? You may be a complicator! Do you end up blowing the big check you just got because it was from an Evil Corporation? You might be a money monk.
The money havers and knowers love telling young adults about the necessity and urgency of making a financial plan. Set long term goals, invest for your future, make a vision board, max out your 401k, build generational wealth.
Save, invest, and protect the right percentages of your wages, advocate for raises, stick to your plan, and everybody will be wealthy and we’ll have world peace. Do the right thing? Spike Lee made a film about how easy it is to do that.
It’s why many officials want financial education taught as a part of math class. Hard work + discipline = success… except when it doesn’t.
There’s no mathematical or magical formula for perfecting our finances. Budgets are personal and cash flow projections are literal guesses. If all that seems fake, and made up, good! So is money.
Take a breath. [Editor's note: ‘take a breath’ is the definition of inspiration]
Money is about more than numbers, it’s a tool to create change. As storytellers, content creators, and community builders we have a tremendous power to deconstruct money myths and cultivate empathy for the financial exploitation, discrimination, and oppression young adults are being called to navigate.
Our research partner, Knology, found Pockets Change’s approach highly effective in building financial resilience through hip hop pedagogy. Through shared practices and resources we have meaningful money conversations across mediums.
Storytelling creates a transformative space for real, open, and empowering conversations about money. As our students explore their own relationships with money, multimedia creates paths to overcome obstacles, encourage empathy, engage curiosity, and envision possibilities.
Our shared money stories shift narratives that have held back our communities for generations. We encourage content creators and program leaders to reflect on where financial themes could enrich their next project.
Bring Money Stories to Life with Actionable Insights:
Expand storytelling beyond the “middle–class centric” values and assumptions too often depicted. Explore the breadth and depth of how our relationships with money show up.
Share empowering stories of navigating uncertainty and enhancing financial wellbeing even when money is scarce or employment precarious.
Promote self-acceptance and efficacy with the message that “whatever it is you have; these are the ways that you’re able to save and this is what you’re able to do to grow.” As one individual told us, the program approach was valuable because it taught youth how “not to have money control you.”