Do you regularly find yourself worrying about money? Financial worries are extremely common, but for some people they can spiral out of control. This is especially true if you compare your financial situation to somebody else’s.
Comparison anxiety about money can lead to increased stress, depression and sleep troubles. So, how can you deal with this type of anxiety? Below, you’ll discover some great tips.
Explore Your Reasons for Comparing Financials
Start by looking at why you are comparing your financials to someone else’s. Is it because they have more money than you, for example? When you see people living a more lavish lifestyle than your own, it’s easy to become jealous. This is especially true when you are struggling to just get by.
Another reason you might be comparing your financial situations is if they have savings and you don’t. Once you understand why it is you are experience comparison anxiety over money, you can work out ways to deal with it.
Make Time for Regular Money Check-Ups
Wherever your anxiety is coming from, you can ease it by carrying out regular money check-ups. If you are struggling to save money, create a budget by looking at all the ways you can cut your monthly outgoings. Then, create a goal to save a certain amount each month.
Every month, review your money situation. You should start to see it improving as you work towards your goals. It also gives you the opportunity to see what isn’t working and where improvements can be made. Having regular money check-ups can help you to feel more in control, greatly easing your anxiety.
Let Go of Financial Shame
Often, comparison anxiety about money comes from a place of shame. Do you feel embarrassed about your current financial situation? Maybe you made mistakes in the past and you struggle to let them go?
The worry over being judged because of your finances can cause a lot of anxiety in itself. The trouble is, you feel ashamed because you are worried about the opinion of others. It’s time to let go of the financial shame you’ve been feeling. Realize that everyone makes mistakes and it is through learning from them that we get better with money. Suffering with financial troubles isn’t anything to be ashamed of, especially in this economy.
Realize Everyone Levels Up at a Different Pace
Perhaps your comparison anxiety comes because you feel like you’re way behind where you should be. When you see other people doing better than you with their money, it can make you feel like a failure. However, we all go down different life paths. Our journeys take place at different times. Your financial freedom will come, it’s just everybody levels up in life at different rates.
It’s really hard to stop comparison anxiety over money in its tracks. However, if you follow the tips above, it can help you to start developing a more positive financial attitude