{"id":4853,"date":"2023-02-09T10:02:00","date_gmt":"2023-02-09T18:02:00","guid":{"rendered":"https:\/\/www.soundcu.com\/?p=4853"},"modified":"2025-06-11T10:57:19","modified_gmt":"2025-06-11T17:57:19","slug":"why-is-money-so-emotional","status":"publish","type":"post","link":"https:\/\/www.soundcu.com\/blog\/why-is-money-so-emotional\/","title":{"rendered":"Why Is Money So Emotional?"},"content":{"rendered":"
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Why Is Money So Emotional?<\/h2>\n

While our finances can stress us out, there are ways to take control.<\/h2>\n

Anyone who has ever lost sleep over credit card<\/a> bills or stock market shake-ups knows that money is so much more than just a set of numbers on a screen. Money, or a lack of it, can be fraught with emotions that \u2013 in some cases \u2013 lead to health issues including anxiety and depression.<\/p>\n

A 2022 survey on money and mental health from Bankrate and Psych Central <\/a>\u00a0showed that a large number of Americans experience financial worries. Among those polled, 42% say concerns about finances are having a negative impact on their mental well-being. Between the aftershocks of a global health pandemic and the daily struggles sparked by sky-high inflation, it\u2019s more than understandable.<\/p>\n

Other factors could be at work, too. People have emotional attachments to their money because of growing up in poverty (or wealth), experiencing a job loss, or a variety of other issues that don\u2019t always surface without deliberate self reflection. Because we are not always aware of the internal causes of our money issues, breaking through the emotional challenges surrounding them can be difficult.\u00a0 But it\u2019s not impossible. It just requires taking the time \u2014 and making the effort \u2014 to identify the emotional triggers that can sabotage your financial life. Ideally, that awareness can lead to positive behavioral changes that lead to a less-stressful future when it comes to handling money.<\/p>\n

If you need help working through the process, such as identifying the things that take you off track, a financial counselor may be able to assist. While financial planners address the more matter-of-fact aspects of money management, financial counselors tackle money issues through more of a life-coach approach. Many are not licensed psychotherapists (although financial therapists are an option as well) and not all are certified financial planners. These professionals work to help clients understand the root causes of their money troubles and assist them with developing ways to alter or overcome unhealthy financial behaviors.<\/p>\n

Launch A Path To Progress<\/h2>\n

We all have different experiences with money that led us to where we are now. If you\u2019re wondering what yours are, the\u00a0free MoneyType quiz<\/a> developed by Jennifer Leigh Selig, PhD is a great place to start. The good news is that with some guidance, you have the power and ability to change. Here are some strategies to help in overcoming the negative emotions that can sideline our financial progress:<\/p>\n