What Is Fear Of Money?
Wow. Where to start? Money is so deeply ingrained in our society and can have such an emotional charge, that it’s not hard to see how having a fear of money would be understandable and somewhat rampant.
Many of us are brought up with negative childhood experiences that we sabotage ourselves when it comes to money. This self sabotage leads to further negative experiences (excessive debt, bounced checks, unpaid bills, bad credit, foreclosures, even bankruptcy) that the cycle continues and it can be tough to dig yourself out.
The good news is that, like with any fear, we can learn to manage our financial fears and learn to have positive experiences. As we learn and grow with change, the fear will lessen until one day we wake up and it has become a thing of the past.
Moving Past Fear Of Money
We cannot get to where we want to be unless we know where we are now. The first step is taking control of your money and while this can be a tough emotional experience, a great place to start is to forgive yourself for any past mistakes. I have found through my money coaching clients that past issues with debt or bad credit become distorted in our minds and cloud out the positive accomplishments we have with managing our finances.
If we can accept that the past is the past and that today is a new day, we allow ourselves a fresh start. And you deserve that.
Where to Start?
I am not going to bombard you with worksheets or homework assignments that will only further overwhelm you. For today I would just like you to think about what a few of your beliefs about money are and where they might have come from.
What did your parents teach you about money? Did you grow up rich? Did you grow up poor? Was money talked about in your household? Was it used in place of love or possibly withheld as a form of power?
These are just questions to get you started. Much of our beliefs are unconscious and even just start starting to question them can bring about change in the choices we make.
Knowledge is power.