Is financial anxiety affecting your life?
Do you feel like a deer in headlights when it comes to money? You are not alone. Nearly 70% of the LGBTQ respondents in our poll said they feel financial anxiety on a regular basis. How do we get un-stuck and overcome the overwhelm that is holding us back?
Hear steps to overcome financial anxiety:
Being overly anxious about money
On this episode of Queer Money®, we start by making the distinction between true money problems and anxiety, explaining what’s behind the unhealthy relationship many of us have with money. We share our own issues with money anxiety and discuss how our experiences growing up led to a scarcity mindset.
We walk you through the results of our Queer Money Facebook Group financial anxiety poll, exploring why so many in our community struggle with making the right kinds of decisions to improve themselves financially. Listen in to understand how appreciating what you’ve got, taking small steps to improve, and finding someone to talk to about money can help you overcome money anxiety!
Topics covered on financial anxiety
The difference between money problems and money anxiety
- Problems = true financial insecurity, significant debt
- Anxiety = uneasy/unhealthy relationship with money
Why we feel anxious about money
- How parents spent money, what we learned as kids
- Low self-worth (feel undeserving of financial security)
The results of our Facebook group poll
- Nearly 70% often feel ‘deer in headlights’ with money
- 24% slip up from time to time
- 7% stay on track consistently
The top 5 strategies to overcome financial anxiety
- Stop and express gratitude
- Journal on anxiety, compare fears vs. truth
- Take action, no matter how small (e.g.: Honeyfi app, auto bill pay)
- Make an action plan for a specific cause of anxiety
- Find support system (i.e.: accountability partner or group)