Anxiety around money isn’t just something that affects those on a budget; it can occur to even the most seemingly affluent of people. Financial advice is usually based on helping those who don’t know how to manage their finances or who struggle to make ends meet at the end of the month.
However, this can leave even the most financially savvy of us feeling a little lost when it comes to looking for help managing the anxiety that money issues bring, and that’s where I can help.
So, what are the signs of money anxiety?
Five Signs Of Money Anxiety
- Overspending – Something you might find yourself doing is overspending. Over-spenders often find themselves stuck in a vicious cycle. They’re nervous about money, but the freedom of going on a shopping spree offers temporary relief from the anxiety.
But of course, in the end, shopping only makes the anxiety worse, and the financial issues deepen.
- Hoarding – Another sign of anxiety around money is where you find yourself hoarding things as a result of your overspending. For example, do you have cupboards filled with things that were on special offer that you didn’t really need? Going to an extreme, you might even find that you need to rent storage space to keep all the things you’ve accumulated which are an additional cost that you might not be able to afford.
- Physical Discomfort – I speak with many people who describe their anxiety as a pit or a ball in their stomach that never goes away. A potential sign of financial anxiety is feeling sick or crying for an unknown reason. If you are feeling physical discomfort without a reason, then this can be a sign of anxiety.
- Indecision – Another sign of anxiety is a phenomenon called “decision paralysis”. This is when even the simplest of decisions become impossible to make, and you may struggle to prioritise your daily tasks. This is another exceptionally common sign of financial anxiety.
- Frugality – Being overly frugal with your money might, on the surface, seem like a good thing, but there is a darker side to it. People that are too frugal often avoid spending money on things that bring joy, such as a massage, a manicure or lunch out with friends. In the most serious of cases, necessary things like credit card balances and home repairs get ignored in an attempt to save money.
Is Money Causing You Anxiety?
If you relate to any of these five signs of financial anxiety, then don’t worry; you are not alone. However, it is important to address anxiety symptoms to understand what is really going on and the cause of your concern.
Money management is different for everyone, and if you are struggling, then there is support available.
How I Can Help
I’d really like help you work through any financial anxiety issues that you are currently facing.
I do this by diffusing the feelings attached to your money stories. Money disorders are persistent patterns of self-destructive and self-limiting financial behaviours. I believe that they result from distorted beliefs about money that we develop from our financial flashpoint experiences.
Financial flashpoints are painful, distressing, and/or dramatic life events associated with money that are so emotionally powerful; they leave a lasting imprint.
How do you help your financial anxiety?
It’s wise to consider your own issues and where they might have come from, including early childhood experiences and your parents’ spending habits. Then, work on unlearning those patterns with me.
I can help you with goal-setting; even if you have thousands of pounds of debt looming, nothing is insurmountable with the right plan in place.
Let’s set up your complimentary breakthrough call and start taking charge of your finances with a secure plan in place.