Money can often be a big source of worry. Whether it’s the fear of not having enough, stressing about debt, or feeling overwhelmed by financial decisions, it’s easy to let these concerns take over. But let me tell you from experience, you’re stronger than you think.
We’ve all had those moments where a bill arrives, and our immediate reaction is panic. But instead of letting that fear take control, what if we faced it head-on? The first step is to break down the situation. What exactly are you afraid of? Is it the amount? The timing? The uncertainty? By identifying the specific fear, you can begin to tackle it more effectively.
I once worked with a client who was overwhelmed by her mounting debt. Each time the post arrived, she avoided opening her mail, knowing there would be another bill inside. It wasn’t just the money that scared her – it was the unknown. We sat down and reviewed her financial situation. Once we broke it down, she realised it wasn’t as bad as she’d imagined. We put together a simple plan to gradually pay down her debt, and with each step, she regained control. The fear that once weighed her down began to lift.
Next, it’s all about taking action. This could be as simple as creating a payment plan, chatting to a financial adviser, or reviewing your budget. Taking action is the best antidote to fear. It transforms vague worries into manageable steps, giving you a sense of control over your situation.
It’s important to remember that having fears about money is perfectly normal. We all experience them at one time or another. The key is not to let these fears paralyse you. Instead, think of them as challenges to overcome. Every time you face a financial fear, you build resilience and confidence, making the next challenge that much easier to handle.
One of the most effective ways to face your money fears is to seek help. This could be from a financial adviser, a money coach, or even just a trusted friend or family member. Sharing your concerns can take a huge weight off your shoulders – and remember, you don’t have to do this alone.
Lastly, remember that facing your money fears is a journey. You might not feel fully confident straight away, but with each step, you’ll grow stronger. So, the next time you feel that familiar knot in your stomach when thinking about money, remind yourself that you’re more capable than you realise. With the right mindset and actions, you can face your financial fears head-on and come out the other side feeling stronger and more in control.
Article by Marc Bineham – Speaker, Coach and award-winning author of The Money Sandwich