5 Simple Ways To Lower Your Anxiety About Money


Stress and anxiety can ruin your financial future. Read to learn five easy strategies you can use to reduce your anxiety about money. #personalfinancejunkieAnxiety breeds destruction.

The kind of destruction that makes you go out and indulge in emotional spending.

The kind of destruction that ruins your chances of EVER reaching your financial goals.

The kind of destruction that ultimately ensures you will never enjoy financial peace.

Even with a plan and the best intentions, money related stress can creep up on you at the most inopportune times.

The good news is there are some pretty simple methods that you can use to lower your anxiety about money.

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Even if you are a natural-born worrier, with just a few strategies, you can dramatically reduce stress and anxiety about your finances.

Here’s how to do it:

1. Breathe.

When you become overwhelmed about money one of the best things you can do is to stop and take several deep breaths.

While anxiety can make you feel off balance and totally lost.

Breathing allows you to find your “center”.  It helps you to slow down long enough to realize everything is actually ok in the moment.

Breathe in peace, breathe out confusion.

Take deep breaths until all anxiety leaves your body.

2. Create A Plan.

Ever heard of being proactive, not reactive?

Creating a plan (including developing a written budget) is the best defense against anxiety.

Whenever you feel yourself getting stressed about money you can pull out your plan as a reminder that you have everything under control.

If you find that you need to change your plan that is ok too.

Take several deep breaths and create a new plan.

You can do it.

I use Personal Capital (a free money management app and website) to keep my finances under control.

Personal Capital

With Personal Capital I can quickly see how I am doing financially. In general I find that my financial situation is not as bad in reality as it is in my head.

I downloaded the app on my cell phone so whenever I get curious about my debt balance, how much money I earned with my side hustles or my net-worth I just check the app.

3. Think Smaller.

Sometimes feeling anxious or stressed about money is justified (trust me, I know, I’m paying off six-figure student loan debt).

When you are dealing with huge obstacles such as tons of debt it is probably natural to get a little freaked out about money at times.

As much as I’d like for my student loan debt to disappear overnight, chances are that is not going to happen.

It is going to take a lot of work for me to reach my goal of debt freedom.

One way that I make the work more manageable for me is to chunk my debt repayment into smaller, easier to digest goals.

Thinking I have to pay off $130,000 is stressful.

Thinking I just have to get from six figure student loan debt to five figure student loan debt seems a lot less intimidating.

Thinking I have to make a minimum $1,000 student loan payment every month to reach my goal of debt freedom in a timely manner is even less intimating.

If your financial goals seem out of reach break them down into something that is more manageable for you.

4. Gamify Your Finances.

Reaching financial goals can be fun if you make a game out of it.

Gamify to reduce anxiety with money

When I was younger I hated washing dishes but washing dishes was something that I had to do EVERY night.

Before I figured out how to gamify (to make a game out of ) washing dishes I would dread the chore and I would spend hours standing at the kitchen sick trying to strike up the motivation to get ‘er done!

Everything changed when one night I decided to play “beat the clock” while washing dishes.

I imagined I was on a televised game show where I would win a large sum of money if only I could finish washing all of the dishes before the clock ran out. Next, I set the oven timer for five minutes and began feverishly washing dishes.

Guess what? I won! I washed all of the dishes in less than five minutes (whereas I spent hours on the task before). And for the first time, I actually had fun washing dishes!

You can win with money in the same way.

I gamify my finances all of the time. I’m currently doing the $5 savings challenge to make saving extra money fun and easy.

Inventing games to make reaching your financial goals seem like less of a chore and more like fun is an extremely effective way to reduce anxiety.

5. Adopt An Attitude of Gratitude.

If you are on a personal finance journey, chances are your finances aren’t where you want them to be…YET.

You can choose to dwell on everything that is wrong in your relationship with money OR you can choose to be grateful for what is right. Focusing on the positives will naturally relieve stress and make you feel happier.

Happiness breeds success.

Experiencing success motivates you to create more success and reduces anxiety. Always remember, your situation could be worse so be grateful for where you are in life.

If you don’t know how to be more grateful start by challenging yourself to go a day without complaining.

By not complaining you will trick your brain into thinking everything is perfect.

While everything may not be perfect in your life or finances, everything is always as it should be.

That is comforting.

Do you experience stress or anxiety about money? What are some things that help you to cope? 


  1. Taking breathing further, meditation has worked for me very well. There are plenty of simple apps out there (I like Headspace) that teach you how and guide you through the process (it only takes 10-15 minutes). I find that it really works!