Why am I always thinking about money?

In my experience, many people feel anxious about money, despite doing well on paper, because they don't know what they're doing – and that causes them to feel out of control. In such cases, more money can just worsen the anxiety because now they have even more money that they don't know what to do with.

Why shouldn't you worry about money?

Money worries make you a person you don't recognise. Worrying about money inevitably affects your behaviour. You find, for example, that you are no longer able to enjoy your life, that you feel guilty when you buy yourself an ice cream. Even worse, worrying too much about money can make you a 'generosity-stunted' miser ...

What does the Bible say about money worries?

In Hebrews 13, Paul reminds us to “ keep our lives free from the love of money, and be content with what you have .” No matter how big your dreams are, remember to be content now. The God of the universe is for you, and that is more than enough.

How do you cure fear of money?

The first step in addressing your fear is reflecting on the root cause, either alone or with the help of a financial therapist. Steps to overcome your fear of money and get ahead with your finances include starting with the basics, educating yourself, and identifying your financial goals .

Why do I panic about money?

There are many potential causes of financial anxiety, though they are typically related to existing money troubles or a history of uncertainty around finances . This can include: Growing up in poverty, or in a household where money was often scarce.

Why do I always feel anxious about money?

There are many potential causes of financial anxiety, though they are typically related to existing money troubles or a history of uncertainty around finances . This can include: Growing up in poverty, or in a household where money was often scarce.

Why am I always struggling financially?

Some of the most common reasons include: Lack of financial education : Many people do not have the basic financial knowledge they need to make sound financial decisions. This can lead to them making poor choices with their money, such as taking on too much debt or not saving enough for retirement.

6 Ways to Stop Worrying About Money - Time and Pence (2024)

There is nothing worse than worrying about money. It can keep you awake at night, stop you concentrating and affect relationships but there are ways that you can stop stressing. If money worries are constantly on your mind and you want to stop and feel more relaxed, it’s time to do something about it.

Today we will look at six simple things you can do to help yourself now.

1. Write Everything Down

If you are worrying about money, you may be worrying over nothing. Often we can build up things in our mind to be worse than what they actually are. Writing down your incomings and outgoing and where you might be able to make some savings can actually make you feel much better and more in control of your finances.

You’ll be able to see the exact reality of what’s going on rather than building up unnecessary worries in head.

Using a simple budget book like this one may help you to keep a track of your expenses and see on a daily basis how you can improve things to feel better.

Related: What are the Best Ways to Save Money?

2. Pay Off Any Debt

If you have debt to pay off start now. The best way to get out of debt is to use methods that work. You may be feeling overwhelmed with no idea where to start, but it’s starting that’s important. To help you, here are some tried and tested methods to pay off debt from some top UK Money Bloggers:

Dave Ramsey’s Baby Steps – the UK Version
The Extra Income Budget Method
The Debt Snowball Method
The Best Way to Clear Credit Card Debt
Using a Spending Tracker
How to Dig Yourself Out of a Credit Card Hole
Using Debt Counselling

3. Make Extra Money

If you are constantly worrying that you don’t have enough money then simply make more. You may be thinking that you don’t have any spare time to make money but there are plenty of things you can do for a few minutes here and there that can make a big difference to your monthly income.

Sometimes it’s a matter of priority. If you really want to stop worrying, then maybe turn the TV off one evening and use that evening each week to make some extra cash. I have lots of simple money making ideas in the ‘make money’ category here on my blog. Here are just some of them:

27 Ways to Make Money in the UK
How to Make Money as a Chatline Operator
How to Make Money with OhMyDosh
Make an Extra £100 This Week
How to Earn a Regular Income on eBay
How to Make Money with Matched Betting
5 Ways to Make Money in your Spare Time

4. Stop Spending Money

I know this is sometimes easier said than done, especially if you’re an emotional spender. Spending more money will just lead you into a vicious cycle and one you need to stop. If you don’t know where to start, I wrote this post to help you, “20 Ways to Stop Shopping and Save Your Money”.

In addition to stopping spending so much money, save money where you can. You can use money saving apps and cashback sites to save hundreds on the shopping that you do need to do.

5. Take Your Mind Off Money

If you are thinking about money too much, maybe you need something to take your mind off it. Why not take up a new hobby or starting making crafts that you can make money from too, killing two birds with one stone!

Related: 65 Craft Ideas to Make Money

6. Want Less

Minimalism is a popular lifestyle choice these days but it doesn’t mean that you have to live in a house with just a sofa and nothing else. Minimalism is also about being mindful of what we want in life and wanting less can create a sense of calm and security in the fact that you don’t need to earn so much money in the first place.

If minimalism appeals to you, there are lots of books written by people who have done it and changed their lives. This is one of my favourites. Even if you decide not to go down that route, it can help to change your mindset about what ‘stuff’ you need in your life.

Hopefully these ways to stop worrying about money will help you to sleep better at night and enjoy life more.

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