'Known as money avoidance, when we ignore managing our finances at all costs because it's too emotionally painful, it's actually a money disorder (a pattern of self-defeating or self-destructive financial behaviours),' writes ParweenMander.
with our careers. It’s important that we acknowledge this as part of the larger conversation of personal finance. What we can do is try to make strategic decisions with our finances to make the best out of our situation. That starts with recognizing that our avoidance response to our finances doesn’t mean that you're bad with money. It’s actually a powerful protection strategy in our body that helps to keep us safe from perceived danger.
Writing down on paper your emotions and inner thoughts is a form of expression and release. Throughout this exercise, you may be surprised what specific thoughts and beliefs about money come up for you and that is knowledge you can leverage to better your relationship with money., a list of small actions you do to increase your exposure to your finances without overwhelming yourself. Exposure therapy is a cognitive behavioural tool used to overcome anxiety or PTSD.
Continue building your list in the exposure pyramid as it relates to you. For example, step three might look like adding up how much you spent on takeout for the past month, or deep diving into those Amazon purchases to see if there’s room to reduce your spending.Remember, this is a marathon and not a race. This shift takes time and work, but building up your exposure will improve your confidence and help you move into making bigger financial decisions likeor investing.
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