Superstitions and Your Money

by Krantcents · 11 comments

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Do you have superstitions about money?  Since Halloween is tomorrow, I thought it may be worthwhile to explore superstitions and money.  Halloween involves dressing up in costumes at school, work and parties.  Children and adults have costume parties, carving pumpkins, trick or treat, visiting haunted attractions and playing pranks.

It really kicks off the holiday season!  Halloween has a tremendous effect on the economy.  $2-3 billion are spent on candy, costumes, visiting attractions, parties and pumpkins.  A lesser known fact is that it takes some 40,000 jobs in the candy industry alone to support the manufacturing of Halloween candy.  There are many more jobs that support the manufacturing of costumes, growing and harvesting pumpkins and dental professionals for treatment.  The same lots that sell pumpkins sell Christmas trees and it also starts the holiday advertising/commercials.

Superstitions about money are not limited to the United States.  I remember working for a Taiwan based company where Chinese New Year is filled with superstitions!  It is the biggest holiday of the year and has themes of “good fortune”, “happiness”, “wealth” and “longevity”.  The children receive money in red envelopes!  Similar to the United States, they will spend their money to buy presents, decorations, food and clothing.  All intended to achieve peace and happiness.

Often there are many superstitions that surround money.  The other day, I saw a penny on the floor and I remembered that face up meant good luck and face down was bad luck.  It was face down, so I immediately threw it away.  Am I superstitious?  No, but why take any chances, particularly for a penny!  There many superstitions regarding giving money or an empty wallet.  Never give an empty wallet because it is bad luck.  So people put a few dollars in the wallet to avoid bad luck.

Money is a symbol of wealth!  Having money will attract more money.  Whether it just makes you think about it more and you are more sensitive to opportunities or it just improves your sense of well being, I don’t know.  I used to have a lucky silver dollar, but I misplaced it.  Thinking that some object like a silver dollar or a rabbit foot is lucky is a superstition.  Putting out that thought may or may not help you.  In most cases, I want to err on the side of luck.

Do I believe in superstitions?  No, but I would rather avoid walking under a ladder or some other superstition.  I remember receiving some lucky coins wrapped in paper to carry around.  I may not believe in it, but I throw it in my case I take to work.  Do you find that you may not believe in superstitions, but don’t want to ignore it?  Itchy palms is said to indicate money is coming.  Make sure it is the right palm and don’t scratch it unless it is your left palm.  Some of these superstitions are too complicated.

Athletes are very superstitious and professional athletes are very well paid.  Every athlete has his own way to deal with luck and slumps.  It may be a lucky pair of socks, underwear or something else.  Most athletes attribute their luck to something they did on that day that made them lucky or successful.  Therefore, they will repeat that act or habit to achieve luck or success again.  Athletes are not alone, sales people have their “deal” pen; sailors have nautical beliefs, architects design without a thirteenth floor or actors who avoid the words “good luck”.

Why are we so superstitious?  Clinical Psychologist Dr. Greg Sipes says athletes’ superstitions are about control. Sipes says the athlete gets a sense of control by repeating superstitious behavior.  Dr. Sipes says fans superstitions are about participation.  He says fans wear a “lucky” jersey, or drink from the same mug on game day to feel like they are participating in the event.  Sipes says there is power in believing, like Reggie Wayne’s performance on Sunday versus the Packers.  Is it a specific “lucky” pair of shorts or a routine, it seems to work to help the individual feel more in control.

Final Thoughts

Whether you believe in superstitions or not, it is widespread!  Happy Halloween to you all!  What is your superstition about money and include it in your comments?  Soon, we will think about New Years Resolutions, is that a superstitious routine?    It just seems appropriate to discuss this type of behavior around Halloween, doesn’t it?  If you found money on the ground, is it lucky  or just a coincidence?  If it were truly lucky, you probably should buy a lottery ticket.  I think it is just another one of those silly superstitions, but I will be glad to pocket the money.

Photo by:  Jerry

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Financial Independence October 30, 2012 at 5:25 am

Regardless whether it is penny or quarter I would picked up and keep it : -) Penny saved – penny earned.

I think I superstitions, mine is to keep working and earning money whenever I can – whether it is a penny or $1,000 if I have time available I will go and work.

Just can not help it.

Krantcents October 30, 2012 at 6:55 am

Although I save all sorts of change, a penny is still a penny!

Money Beagle October 30, 2012 at 5:36 am

I don’t really believe in superstitions so much as I believe in conspiracies, which is probably worse *lol* I think that many times, Wall Street is rigged. I’ve never heard the one about the upside down penny. I just know that if I see a penny on the ground, I pick it up and take it :)

Krantcents October 30, 2012 at 6:57 am

Wall street is rigged and that is not a conspiracy! That was one of the reasons, I liked investing in income property. I felt as though I had more control of the investment.

Lance @ Money Life and More October 30, 2012 at 7:09 am

I like to think I don’t believe or act on superstitions but I have a feeling that some are preprogramed in me through society. Sad but likely true.

Krantcents October 30, 2012 at 8:17 am

I sort of agree! I think I go along with it to avoid the consequences because it takes little or no effort.

AverageJoe October 30, 2012 at 8:23 am

I saw a piece on the news that had people hit two groups of golf balls. One was deemed “lucky golf balls” and the other group were “normal” golf balls. It was amazing the difference in accurate putts people had with the “lucky” golf balls. I think people should do whatever it takes to succeed (even if it’s just “silly” superstition).

Krantcents October 30, 2012 at 9:08 am

I did see that news report. Your mind is the biggest influence in success! If you believe you will succeed, you will. It is all about positive thinking. Does luck or other things influence your thinking? Absolutely!

maria@moneyprinciple October 31, 2012 at 11:30 am

I have a money related one – I never leave my handbag on the floor because this means you won’t have any money. Silly, I know, but why risk it (it is also a matter of hygene so…). Superstitions are funny things – they tend to seep in everyday life and we don’t even question them any longer; they become a habit, I suppose.

Krantcents October 31, 2012 at 2:22 pm

Whatever the reason, we give them credence by sustaining them. Despite the reasoning, we do it.

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