Overcoming Financial Anxiety

Overcoming Financial Anxiety

February 24, 2023

When it comes to our finances, stress and anxiety can be a major barrier to getting the help we need. We might not even realize how much fear is holding us back from taking the necessary steps to secure a better financial future. It's important to recognize these feelings so that we can take action and move forward with confidence.

Understand Your Fear

Figuring out what exactly you are afraid of can go a long way in helping you overcome your financial stress. Are you scared of entering into debt? Are you worried about making mistakes that could cost you money? Or perhaps you’re ashamed of your current financial situation and don’t want to talk about it with anyone. Once you identify exactly what your fears are, it will be easier to find the right resources and take actionable steps towards improving your situation.


Take Small Steps

We all have different comfort levels when it comes to talking about money, so start small. If talking about money makes you feel anxious, then start by researching online or reading books related to personal finance. This can help build up your knowledge base before seeking out professional guidance from a financial planner or other resource. Additionally, if figuring out where to start feels overwhelming, try breaking down your goals into smaller tasks that are more manageable for you. Instead of looking at everything all at once, focus on one task at a time until it is completed before moving onto the next step.


Find Supportive Resources

It’s important that wherever you seek advice from is supportive, non-judgmental, and knowledgeable in order for your experience to be as positive as possible. Look for people who have expertise in personal finance as well as those who understand how difficult this process is emotionally and mentally—it may help make the process less daunting and more manageable. Also consider talking with friends and family about the resources they use (i.e., a financial advisor). Remember that money is personal; it’s important to find the right long-term fit when it comes to working with a professional.


The truth is that facing our financial anxieties can be difficult but ultimately rewarding - once we understand our worries and get the help we need, we will be on our way towards creating a better future for ourselves financially. Don’t let fear or shame keep you from reaching out for help - research trustworthy resources such as advisors or support groups who understand what you are going through and will provide understanding guidance without judgement. Taking even just one small step towards addressing your financial anxieties can make a huge difference.