Why People Get Anxious Over Spending Money If you grew up experiencing financial hardships, you may feel the sting of remembered trauma. Spending can deplete your assets and make you more vulnerable to everything from momentary deprivation to eviction or bankruptcy—and that can make you anxious.Sep 11, 2020
What is the phobia for spending money?
Fear of spending money, known as chrometophobia or chrematophobia, is an abnormal and persistent fear of spending money or being around it. Those who suffer from the condition have irrational anxiety when around cash.Mar 25, 2021
How can I stop my money anxiety?
People tend to respond to this anxiety by either avoiding their finances altogether, or becoming obsessive about “fiddling with their accounts,” she says. It's important to schedule time to look at your money, so you can approach it in a “safer, more focused setting,” Clayman says.May 12, 2021