7 Ways To Manage Your Fear Of Spending Money

Fear of spending money, known as chrometophobia or chrematophobia, is an abnormal and persistent fear of spending money or being around it. 

What Is A Normal Fear Of Money?

Everyone worries about money. When times are hard, most people feel tense, and anxiety creeps in.

What Are The Symptoms Of Chrometophobia?

Chromatophobia is the same as other irrational fears such as arachnophobia, claustrophobia, and agoraphobia. The fear is exaggerated.

Refraining From Money Thoughts

You might have unhealthy saving and spending habits that trigger your chromatophobia. This happens for people who are hesitant to spend money, even on bills that matter and are required.

If you find yourself always avoiding activities you enjoy just because they cost you money, you might be suffering from fear of spending money. You might skip important family or individual activities such as family movie night, swimming sessions, and many others.  

Staying Away from Activities You Enjoy

It is common for most people to check their bank accounts every week and sometimes even every day. However, if you have to check your bank account every few minutes, you may have a disorder. 

Desire To Constantly Count Money

Some sufferers refuse to handle money completely. If the sight of cash triggers you emotionally, or you fear that you might get sick from the germs on money, you might have chrometophobia. 

Refusal To Handle Money

1. Create a Budget 2. Create An Emergency Fund 3. Sign Up For Autopay To Pay Your Bills 4. Compare Loan Options When You Need To Borrow 5. Set Long Term Financial Goals 6. Talk To A Professional 7. Learn More About Money And Find New Sources Of Income

7 Ways To Manage Chrometophobia

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