How Do You Overcome Your Fear of Money?

You have to be aware of the fact that money is nothing but a means to buy goods and services, just numbers on a computer screen, and is an ethically neutral instrument of exchange and it’s not something to fear, so in this article, we will show you how to overcome your fear of money.

All negative thoughts about money accumulate to become a fear that hinders our progress in life, and it is time to get rid of them, here are the steps to make it happen so you can overcome your fear of money.

How do you overcome your fear of money?

In her article published by the American “Real Simple” website, writer Laura Stadaros said that it is easy to have a troubled relationship with money, regardless of what you earn or own.

Finance is a controversial topic, and it often revolves around many unfounded myths such as that the rich are evil and the poor are lazy, and these ideas make us believe that money is one of the fickle things in our lives, and that some people are better at making it than others.

Eventually, all those negative thoughts turn into a fear of money, the author adds.

No matter how badly our relationship with money deteriorates, we can improve it and form a mindset that will help us increase our financial security. Overcome your fear of money.

Money has nothing to do with good and evil

You have to be aware of the fact that money is nothing but a means of buying goods and services, just numbers on a computer screen, an ethically neutral instrument of exchange.

It is what we do with money that creates meaning. Jane Sensero, author of You Bad At Money, Get Rich Mindset, admits that the belief that she couldn’t make money made her feel bad about herself. Overcome your fear of money.

Sensiro confirms – according to the writer – that money was one of the most frustrating issues for her, and the biggest failure in her life. Although she was suffering from continuous financial problems, these challenges were among the motivating factors for her to change her way of thinking and start making money. Overcome your fear of money.

1- Write a Letter to Money to Overcome Your Fear of Money

Accepting that money is just a value-neutral tool would be a good start to changing your idea of it. To get to the real reason behind how you feel about your monthly salary, Sensero suggests writing a letter to Money. Although this practice may seem a little strange, it can allow you to express your true feelings about money.

And Sensiro states that when you write down all the thoughts that come to your mind, you’ll see all of your beliefs on the page. This will enable you to see all the pros and cons of your ideas and check the effectiveness of the decisions you made regarding some financial issues. This way, you can integrate your perceptions, create new beliefs, and adopt new practices that will help you reprogram your thinking. Overcome your fear of money.

2- Invest in Educating Yourself About Money

Repairing any kind of relationship requires expert knowledge, i.e. you can hire an accountant or even a professional coach or read books written by experts on the subject. All of this will allow you to get the support and backing of another person.

In other words, there will be another person by your side to guide you on the right path when you are motivated by your emotions. Overcome your fear of money.

This approach has worked for Sensero, who in her books praises the value of hiring someone else rather than relying on your own knowledge. “I was so serious about it that I did everything,” she says. “I read the self-help books and all the money books.”

Dana Conley, a certified financial recovery counselor, said, “I think all the work of financial recovery is about helping people meet their true needs and desires…and creating a plan to meet those needs and desires in the present, as well as preparing for the future.”

Conley advises people to see how their financial situation has been affected “by their family history, culture and religion, just by the different experiences they’ve had in their lives. And look at what they spend, not just their money…but their time and energy as well.”

3- Overcome Your Fear of Money by Setting Dates to Check Your Finances

Even if you’re only able to look at your bank account or check your credit card for a few minutes each week, stick with it. Conley sees this practice as the beginning of a lifelong habit that allows people to question the beliefs, attitudes and behaviors they have about finances, and start tracking how their money is really spent. Overcome your fear of money.

“You can actually get people to start creating a concrete business plan,” says Conley. “And we usually try to do that because we want to create momentum and we want to get people to get into the habit of keeping track of the money they make and spend. We want to get that early because clients might just be busy working on it.” family history, but they don’t actually do any of what I call ‘outside work’ to manage their money and make some change.”

4- Start a Regular Savings Plan

The writer mentioned that many people are concerned about unexpected expenses that may destroy the budget. In this regard, Conley suggests starting an automatic savings plan. Having a safety net will become a habit, and being able to afford a new computer or sudden dental intervention will give you peace of mind.

“If it’s only on the personal side, we need to make sure that their income pays for all their expenses and that they really spend their money in areas of value in their lives,” says Conley.

Overcome your fear of money.

“We can start saving the money left over at the end of the month for those non-monthly expenses that come up, maybe on a quarterly basis, or twice a year, or annually,” she says.

“Taking the time to identify those expenses and then start saving a portion of them each month will make people make progress, and this will also help them stop using credit cards to pay for sudden expenses,” she says.

5- Remember Why You are Doing This: to Overcome Your Fear of Money

Conley believes, “Everyone has the ability to do this, and I also know that everyone has very different circumstances in which they live. There are those who are privileged and there are those who are not at all lucky, so I don’t think everyone is equal.” However, it focuses on the things we can change in our individual situations, such as our self-talk and behaviors.

The writer explained that despite our good intentions, it is difficult to change our behavior, especially if the previous behavior provides any form of positive outcome.

Nothing changes without a stronger motive than a recession. Think about why you want to repair your relationship with money. Are you saving for a vacation? Or to buy a house? Whatever the reason, this is your guiding star.

Overcome your fear of money.

Write in your journal about this topic or tell a friend who can keep you accountable. As Sensero notes, improving your relationship with money is difficult, but an abundance mindset is available to anyone willing to work for it.

Orginally written on: MenDoors