Overcome Fear Of Spending Money

If you suffer from fear of spending money, don’t be hard on yourself, you’re not alone. Millions of people, just like you, are having anxiety about spending their hard-earned money.

In fact, you’re not really afraid to spend money per se. You actually fear the possible outcomes that may occur if you reach into your wallet and pull out your credit card.

See, if our limbic system is activated and we operate in fight or flight mode, our brain is designed to think in catastrophic thinking to protect us. You know, the type of thinking that imagines the worst-case scenario. You’re terrified that you will –

End up being broke.
Lose everything you have.
Find yourself homeless.
Live in the streets forever.

Now, here’s the thing. This fear of spending money goes beyond the subject of finances. It’s actually related to a much deep-seated existential anxiety.

Spending Money and Your Survival Mechanism

This anxiety isn’t just directly related to money and spending. It’s about the fear that you will not survive if you don’t have any money.

So the money is triggering a very problematic area for you – your lack of belief in your survival ability.

In a way, you hand money the sole responsibility for your well-being because you might deep down don’t trust yourself that you can handle life without it.

So you cling to it as much as possible so you can feel safe inside. Protected. Secure.

You fear spending money because, for you, money is your main safety net. You are dependent on money to feel secure and self-assured.

And if you continue spending money – what will happen to your safety then? It will disappear. And you just can’t allow that to happen, so you hold on to money as your life depends on it.

Here Are Signs That You Have Fear of Spending Money

You feel guilty when you spend money.
Always questioning yourself if you did the right thing and beat yourself up for making purchases.
You avoid checking your bank accounts and cash flow.
Feeling jealous of others who are successful.
You may have a tendency to hoard things you don’t need.
Trying you control your loved ones’ financial decisions and criticize them if you think they spend on unnecessary things and don’t think about the future.

The fear of spending money may not even be anchored in your actual physical reality.

As a matter of fact, studies show that people who are financially comfortable are the ones who tend to have anxiety over money. You might have more to lose, hence the fear to spend money.

In many cases, you hang your happiness in your fortune, which arises a lot of tension if you believe that money is the key to happiness. No wonder you’re feeling paralyzed just by the thought of losing it all.

Actual Steps To Ease Your Fear of Spending Money

I’m not going to give you advice that will help you manage your anxiety.

Instead, I want to offer you new ways of thinking that will dismantle completely this debilitating fear of spending money.

One of the most powerful ways to conquer any type of fear is to take into account the possibility that it might happen if this fear actualizes, rather than pushing this thought aside.

As you acknowledge this option, as scary as it may be, the fear subsides on its own, because you give it room, instead of repressing it.

Then, after you come up with your biggest fears of what might happen if you spend money, try to look for doable solutions.

In your imagination, you’ll see that you can think of at least one effective solution to deal with your imaginary worst-case future scenario.

This step is important because it shows you that no matter what happens, you have the inner strength to face whatever crap life throws your way.

Then, it’s time to work on your self-esteem to tame your general anxiety. You need to develop your mental muscles to become resilient, super grounded, and centered in any situation.

As you become that strong, calm, and self-assured person, you know that whatever happens – you can always count on yourself to get out of the difficult circumstances.

Instead of allowing your external conditions to conduct how you feel, take back your power. Find the emotional stability that you need.

Let go of beating yourself up – Don’t be mad at yourself, judge, or wallow in self-blame. Spending money is a serious fear that you’re trying to overcome, so cut yourself some slack.

You probably learned to treat yourself with criticism in childhood. But as an adult, you don’t have to continue this route. Instead of choosing the tactic of criticism, try to show yourself compassion. Acknowledge that you have an inner child who is scared of things that he/she doesn’t have the right set of skills to handle.

Being kind to yourself can help you feel more calm and relaxed. That alone can reduce your fear of spending money. When you’re calm, you can take action and build the necessary skills to manage your financial world.

Clarity – clarity doesn’t solve things but it can provide you relief. It may be painful to go over your bank statement and see how much you spend in relation to how much you make, but it’s more painful to live in the dark.

Knowing what’s going on in your bank account also allows you to take care of things more effectively. Become friends with the enemy slowly and gradually.

There Is Always Enough Money

I want to touch on a more spiritual point of view that you might not have heard before. Your fear of spending money might also lead you to believe that money is a limited resource.

Well, here’s the thing about financial abundance – it’s infinite. Money is always flowing.

Those who fully tune into this vibration can spend as much as they want because they know that money will ALWAYS flow back into their bank account, one way or another.

Yeah, sure, they spend in accordance with their income. But the reason they’ve achieved this income in the first place is that they are wired this way.

Rich people’s brains are conditioned to think positively about money. They’re not scared to spend it, take calculated risks and invest it in projects. Why? Because they believe in the concept of “I trust myself that I will always have enough”.

I invite you to explore the recordings below which can help you move past the unhealthy fear of spending money.

Believe you are worthy of money. This tool is designed to help you trust yourself, see yourself as good enough, and set you on the path of overcoming your fears.
Overcome the fear that there is not enough money.

You don’t need to continue with the fear of spending money for the rest of your life. It’s actually possible to let it go, surrender to the Universe, and allow yourself to spend without feeling like you’re doing something wrong.

All it takes is a simple process of mind training to curb your anxiety, fears, and the way you perceive money and wealth.