By definition, a toxic relationship is emotionally exhausting. It damages your self-esteem and drains your energy.
When your toxic relationship is with money, you may even experience financial hardship and insecurity. But you don’t have to accept your relationship as it is. You can transform it and secure a healthy financial future at the same time.
You May Have a Toxic Relationship with Money If…
So, how can you tell if you have a toxic relationship with money? Take a few minutes to think about money. What types of emotions do you feel? If they’re mostly negative (fear, anger, worry or frustration) you may have formed some unhealthy attachments to your dinero. This is especially likely if you’ve had bad experiences with money in the past.
Watch out for these signs:
- You constantly worry about money.
- You feel guilty when you spend.
- You spend money frivolously.
- You have a lot of debt, especially credit card debt.
- You refuse to discuss money.
- You avoid situations where you have to spend.
So what’s so bad about an unhealthy relationship with money, anyway? First, it can negatively impact your life in a long list of ways. Rather than using money as a tool to live the lifestyle you want, you may end up struggling with or resenting the role it plays.
The Consequences of Your Bad Relationship
Your feelings about money affect your interactions with it. If you fear your finances, or rather the loss of your financial security, you may not make vital purchases or invest in your future as adeptly.
A bad relationship with money may also cause you to overspend and hide it from people who are close to you, like your spouse.
There’s also evidence that having toxic interactions with money can affect your mental health. According to the American Psychiatric Association, 67% of people experience moderate to extreme anxiety over paying bills or expenses. In fact, the fear of not being able to pay bills is overshadowed only slightly by health and safety fears.
End the Toxicity and Secure Your Financial Future
The good news is that you can transform your toxic relationship if you take the right steps toward a new future. Forbes recommends changing how you interact and behave with and around your cash. Try paying attention to money, prioritizing it, celebrating it, respecting it, forgiving the bad and, perhaps most importantly, working to understand it. You should also knock off off any power games or manipulation tactics involving your finances. See them as a tool, not something that makes you more powerful, and don’t use money to try and get others to do what you want.
Toxic relationships are no joke and can devastate your life. In the case of money, however, you are in control. That means you can change the relationship by changing bad habits.
Copyright 2020, DailyProsper.com