Are you constantly worried about money? Do you feel anxious about spending money? You’re not alone.
One in ten (10%) of UK adults feel hopeless about their financial situation. Among this, 71% of people fear they won’t be able to maintain their standard of living, while 61% fear they won’t be able to pay household bills.
Financial anxiety stems from fear of the looming recession, the current cost of living crisis, and high inflation. Financial stress has become one of the major causes of mental health issues such as depression, anxiety, and stress. Money anxiety often stems from job loss, increasing debt, necessities becoming expensive and emergency expenses.
Being constantly worried about money will take a toll on your physical and mental health, making it even more difficult to regain economic stability. This leads you into a vicious cycle.
If you’re looking to change your relationship with money, hypnotherapy can help you deal with financial anxiety. With two decades of experience, I help people like you recover from mental health issues and strengthen their subconscious thoughts.
Financial Depression Symptoms
Here are some common symptoms of financial depression, stemming from money anxiety:
- Difficulty sleeping as you constantly worry about money
- A feeling of hopelessness, sadness, and despair
- Irritability, mood swings, and low self-esteem
- A change in appetite
- Difficulty in concentrating
- Social anxiety and withdrawal, and experiencing relationship issues
- Unhealthy coping methods, such as smoking or vaping addiction, alcohol dependence, substance abuse, and gambling
- Physical manifestation of money anxiety, including fatigue, digestive issues, headache, gastrointestinal issues, diabetes, hypertension, and others
How Does Our Mental Health Impact Our Finances?
Everything in our body is closely associated, not just intrinsically – our mental health also impacts our external behaviour.
Your Judgement is Compromised
When you suffer from financial depression symptoms, you may lack the motivation to earn money, which further propels you into an economic rut. You often find yourself overspending and make impulsive decisions to manage money anxiety because it gives you a sudden “high”. Retail therapy or uncontrolled spending leads to larger credit card bills.
Some people resort to gambling or other underhand ways to supplement their income, which can jeopardise their financial situation further.
Work Productivity Is Affected
When you suffer from stress, anxiety, or depression, you’ll find it difficult to concentrate at work. This may impact your productivity and cause you to miss work. This directly impacts your job security, promotions (or lack thereof), and performance-related incentives. Money anxiety may cause you to earn less, further pushing you into depressive thoughts.
Financial Responsibilities are Ignored
When you’re worried about money and experience related mental health issues, you may start to avoid your financial responsibilities as a coping technique. This could be ignoring paying bills and avoiding loan repayments and credit card debts, leading to interest accumulation and penalties.
Ignorance isn’t bliss; it aggravates the problem and can push you towards financial insolvency. You may avoid discussing the situation with your spouse, family, friends, or even professional accounts, making it difficult to reach a solution.
How To Manage Money Anxiety Effectively
The cost of living crisis is putting stress on people’s mental health, with over one in five people feeling anxious, stressed, or depressed because of the current economic climate.
Mind, a UK-based mental health charity, has seen an increase in calls to their helpline, with more and more people discussing issues with money anxiety, job loss, and an increase in expenses.
Here’s how you can manage financial anxiety:
Seek Help
When you’re constantly anxious about spending money and find your mental and financial health compromised, it’s time to seek the support of professionals.
You can work with an accountant and financial advisors for help with money matters. To address your mental health issues, I recommend reaching out to a hypnotherapist, psychologist, or help group to help you overcome your money anxiety and financial depression.
Budget and Financial Planning
Budgeting and proper planning are the key to overcoming financial difficulties.
It’s good practice to divide your income using the 50-30-20 rule, where 50% of your income goes towards paying for necessities, 30% towards wants, and 20% towards savings. If you’re in debt, prioritise paying off your debt over saving.
Open Communication With Loved Ones
People who are worried about money often experience social isolation, which can aggravate the condition.
It’s important to discuss the situation with your spouse and loved ones. They can help you manage your spending, check up on you, and offer support to overcome this difficult situation.
How Does Hypnotherapy Help With Financial Anxiety
Hypnotherapy has been seen as an effective tool to deal with anxiety by helping to rewire negative thought patterns. For instance, many people who suffer from mental health disorders often think “I’m bad with money”, or “I can never get out of debt”, but with hypnotherapy, you’ll work towards replacing these with more positive thoughts.
When you’re constantly worried about money, it increases your risk of insomnia, depression, IBS, or addiction issues. A hypnotherapist can help to address all these associated financial depression symptoms.
I’m here to help you identify the emotional triggers, develop healthy coping strategies, and reinforce self-discipline and impulse control. I can also help you reduce your emotional resistance to financial anxiety and nurture a positive mindset..
After a hypnotherapy session with me, you should feel more confident, calm, empowered, and relaxed, allowing you to manage your financial challenges better.
Contact Susannah To Feel More Calm and Confident During Tough Times
Are you constantly worried about money? It’s time to take control of your financial anxiety and change your relationship with money.
Hypnotherapy is seen as an effective solution for managing stress, anxiety, negative thoughts, and depression. I’m here to help you feel calm and relaxed under pressure and overcome the negative mental barriers you may have in place.
My hypnotherapy process is empowering, holistic, and future-focused. For your convenience, I offer my services online, so you can get help from the comfort of your own home.
Connect with me to learn more about my treatments.
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