Financial Therapy for Financial Anxiety in California
Financial Anxiety refers to the stress, worry, or fear that individuals experience related to their financial situation.
What causes financial anxiety?
Financial Anxiety can manifest in various ways, including concerns about debt, job security, meeting financial obligations, saving for the future, or managing unexpected expenses. Financial anxiety can have significant impacts on mental health, relationships, and overall well-being. Factors such as economic instability, personal financial habits, societal pressures, and life events can contribute to feelings of financial anxiety.
What are symptoms of financial anxiety?
-
Feeling stressed or anxious about not having enough money to cover expenses, pay bills, or meet financial goals.
-
Avoiding tasks such as checking bank account balances, paying bills, or reviewing financial statements due to fear of seeing negative numbers or facing financial reality.
-
Financial worries may lead to insomnia or disrupted sleep patterns as individuals ruminate over money problems or future financial uncertainties.
-
Financial anxiety can manifest physically, leading to symptoms such as headaches, stomachaches, muscle tension, or fatigue.
-
Financial concerns can cause tension and conflicts within relationships, especially regarding spending habits, saving goals, or disagreements over financial decisions.
-
Worries about job security, potential layoffs, or a decrease in income can contribute to financial anxiety, particularly during economic downturns or periods of uncertainty.
-
Feeling overwhelmed by debt obligations, struggling to make minimum payments, or constantly worrying about accruing interest can lead to significant financial anxiety.
-
Constantly comparing one's financial situation to others, whether friends, family, or peers, and feeling inadequate or stressed about perceived differences in financial status.
-
Financial anxiety can exacerbate symptoms of anxiety disorders, depression, or other mental health conditions, creating a vicious cycle of stress and emotional distress.
-
Believing that one's financial situation is insurmountable or feeling trapped in a cycle of debt and financial insecurity, leading to a sense of hopelessness or helplessness.
-
For some individuals, the fear of spending money can become paralyzing, leading to a state of heightened financial anxiety. They may constantly worry about the consequences of making purchases, even for essential items, fearing that each expenditure will further deplete their financial resources. This anxiety often stems from a deep-seated fear of not having enough money in the future, which can overshadow the immediate necessity or enjoyment that spending might bring. As a result, they may adopt overly frugal habits, foregoing necessary purchases or experiences that could enhance their quality of life. This reluctance to spend can hinder their ability to enjoy the present moment and contribute to a cycle of stress and deprivation, ultimately impacting their overall well-being.
What is financial therapy in California for money anxiety?
Here are examples of clients who would benefit from financial therapy.
Theo
Theo is a 38 y/o employed male who is in a relationship. They would like to move in together but Theo avoids anything to do with finances so much so they are not able to check their bank account. They are unsure whether they are in debt, have savings, or are outstanding on credit cards. They are embarrassed to discuss this with anyone as at work they manage significant financial accounts successfully.
Sarah
Sarah is a 45 y/o single male with a small business who is constantly worried about money. It is the first and last thing they think about in the morning and the evening. It is hard for them to spend money as there is a constant fear that there will be no clients or customers. They feel like they are starting to feel less and less life joy and satisfaction.
Alexa
Alexa is a 55 y/o successful female who by all accounts saved “enough” money to retire or reduce their work. After years of accumulation and saving they have a hard time spending money or letting go of their work.
Koru Financial Therapy can help you
deal with financial anxiety
Koru Financial Therapy can help you provide valuable support for individuals struggling with financial anxiety by addressing the emotional, psychological, and behavioral aspects of their relationship with money. Here are several ways financial therapy can help:
-
Koru Financial Therapy works with you to identify the underlying emotions and beliefs driving your financial behaviors. By understanding the emotional triggers behind financial anxiety, you can develop healthier coping mechanisms and make more conscious financial decisions.
-
Koru Financial Therapy prides itself on providing a non-judgmental and confidential environment for your to discuss your financial concerns and anxieties openly. This safe and neuro-affirmative space encourages you to explore your feelings about money without fear of criticism or shame.
-
Koru Financial therapy helps you develop effective coping strategies to manage your financial anxiety.
This may include relaxation techniques, mindfulness exercises, or cognitive-behavioral techniques to challenge negative thought patterns related to money.
-
Koru Financial Therapy assists you in setting realistic financial goals based on your values, priorities, and current financial situation.
By breaking down larger goals into smaller, achievable steps, you can reduce feelings of overwhelm and gain a sense of control over your finances.
-
Koru Financial Therapy provides you education about basic financial principles, such as budgeting, saving, investing, and debt management.
Enhanced financial literacy empowers you to make informed decisions and build confidence in your ability to navigate financial challenges. As clients become more knowledgeable and competent in handling their money, their fear of scarcity tends to diminish.
-
Koru Financial Therapy can also address how financial anxiety impacts relationships, whether with partners, family members, or friends.
We help you communicate effectively about money, establish shared financial goals, and navigate differences in financial attitudes and behaviors.
-
Through ongoing support and guidance, Koru Financial Therapy helps you build resilience in the face of financial setbacks or uncertainties.
You will learn to adapt to changing financial circumstances, bounce back from financial challenges, and cultivate a sense of financial well-being regardless of external factors.
-
Koru Financial Therapy often incorporates mindfulness techniques to help you cultivate a greater sense of awareness and appreciation for your present financial circumstances.
By practicing gratitude for what you have and focusing on the abundance in your life, you can shift your mindset from scarcity to abundance.
Other therapy services at Koru Financial Therapy
ADHD and Money Financial Therapy
Learn the impact of ADHD on money management. Koru Financial Therapy in California provides a supportive and neuro-affirmative space to discuss money concerns.
Individual Financial Therapy
Learn how individual financial counseling in California with Koru Financial Therapy helps individuals gain confidence and control over their money.
Group Financial Therapy
Learn how Group Financial Therapy supports individuals using connection, support, coping skills, and expert guidance to reshape their relationship with money.
Contact Us
Hours
Monday, Tuesday, Thursday
10am–5pm
Phone
(916) 234-6733
Calls or emails will be returned within 24 hours during business days.
Services
In-person
Ecotherapy
Online