Money Anxiety Disorder in Our Society
Written by: Harmandeep Kaur Grewal – MA (Psychology)
Last updated date : March 08, 2023
Every one of us has suffered from money anxiety at one point in our life. Moreover, money has become the most important part of our lives. You need money and dollars to fulfill your needs and desires. Also, your medical bills, food expenses, and so on are met with help of money. But, when your worry exceeds a certain limit in which you are suffering from anxiety and needs professional help. Furthermore, you need to consult a doctor about the symptoms and signs of money anxiety disorder.
Additionally, you need to relax when you feel stressed about financial issues. Because when you are worried then your level of anxiety will exceed the threshold and you will be unable to focus on your daily tasks. For instance, if I have a money anxiety disorder. So, I will be thinking about funds and finances all the time and would ignore other areas of my life. Moreover, my relationship will suffer. My friends would run away from me as I constantly talk about money. Also, my family will complain and not talk to me because I do not give time to their issues. Consequently, I will be left alone by my friends and others. Also, it can lead to problems of depression and other mental health illnesses.
When your finances create excess stress. And worry for you then it is money anxiety. You can always talk to people for their opinion and reduce your burden. Also, you will notice that the world is suffering from an economic slowdown. Likewise, your family and parents could face financial issues in this society. Moreover, you can become educated in dealing with your finances. When you know things then you will not invest in bad deals. Similarly, you should never gamble with your savings. You can look for a professional opinion to invest in. Moreover in things which are less risky when you are scared to lose your money. But try your best to do thorough research in the field of investment. So, instead of investing blindly, you can look for clues for good deals.
Additionally, you should never believe in social media or media for information on finances. Be proactive, you can visit a bank. Also, get first-hand information. You need to invest some time in learning about good opportunities. You can talk to people who are good at making money from savings. Equally important is doing relevant research which can guide you to really good opportunities available.
What Are the Signs and Symptoms of Your Anxiety?
- Your stress will be visible in your behavior. For instance, you are getting angry at minor things. You get agitated when people talk to you about finances. SO, you keep avoiding issues related to funds.
- Moreover, your immune system will get weak and you will have diseases. Your body cannot hide the stress which you suffer from. Also, you have headaches and pain in your body. You need help from a therapist for your problem.
- Your mental health will suffer.
- Furthermore, your relationships will suffer.
- You will not be able to concentrate. Moreover, you will lose focus on your
- Also, you can suffer from chronic pain and fatigue. You are drained of stress and tension. Then you will suffer from body aches that have no physical cause.
- Similarly, mood and memory will suffer. You will start to forget simple things in daily life.
Behaviors Related to Money Anxiety?
First of all, Hoarding is present in people who are anxious about their money. If you believe inflation will occur then you will hoard. For instance, if you believe that the prices of onions will rise then you hoard a lot of onions in your house. But, your fears are not substantiated. Moreover with the ongoing price change.
Compulsive buying is an issue that you could face if you have money anxiety. You will go to the store and buy things that you may not need right now. But you are saving it for your future.
Additionally, your behavior is so abnormal that you cannot focus on any other thing. You are obsessed with thoughts of funds and finances.
How to Reduce Your Anxiety?
First of all, you need to learn to control your finances by saving as much as possible. Moreover, if you have spare money then you can invest in certain ventures. But, if your expenses increase the limit then you will be bearing the burden. So, learn to manage your expenses before you run out of money. You can consult your family or friends regarding money problems. Also, when it comes to finances then you may not find many people who will be ready to help you. Consequently, save for the worst scenario.
Secondly, you can consult a therapist about your issues. You can take a therapy which the doctor suggests for you. Moreover, you should be open to accepting that you have a problem. Similarly, you should follow the guidelines. And rules are put before you by the doctor. So, it will be possible to treat the symptoms of your disorder. But, the most important thing is that you need to stay positive. You should expect that good thing will happen to you. Therefore you can progress further in life.
Treatment for Money Anxiety Disorder
First of all, you are in a mode of financial denial that you have any problems. But your body is in pain all the time. You have headaches or stomachaches which shows your anxiety and depression. You should believe in your friends and family when they say that you have a problem. Assuming that you are refusing to talk about money problems then you show money anxiety. Also, you are earning far less than you deserve so your money problems keep on arising. You should try to get a better job. But you are depressed and sad. Then you will become hopeless about your situation. You need help from a therapist to deal with your problem.
Your therapist can help you understand the pattern of your problematic behavior. Also, he will explain ways how to deal with the problem But, you need to trust your doctor for better treatment. So, be honest when you are telling me about your problems.
For more information, please click “Courses” on the navigation bar to access several self-paced online courses related to mental health and well-being. The course titled “DBT for Social Anxiety” provides more information on the current topic.