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Money phobia
Money decisions are related to emotions. According to a 2019 UK survey, money is the number one cause of stress.
Tips to help overcome this phobia.
- Cognitive behavioural therapy (CBT) is a practical approach that focuses on making changes by looking at underlying problems.
- To get a better emotional return on your spending, people should spend on what they value most and save on what they value the least.
- Identifying emotional triggers can help to self-manage.
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MORE IDEAS ON THIS
Financial therapy is not a cure
Financial therapy is still a new field and confined to the US. There is still much to learn about the benefits and limitations of the therapy. Nevertheless, the potential benefits seem promising.
A concern is that financial phobias are often intertwined with other psycholo...
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Financial therapy
Matters of money is a struggle for many people and can even become a phobia. To deal with the phobia, many people are turning to financial therapists for help.
Financial therapy is a form of therapy that untangles the relationships with money by treating the emotional root of money...
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Therapy
If your own coping strategies are not helping, you could explore professional help. A therapist can help to find sources of stress and help to address possible causes. They can also help you identify harmful or less effective coping methods.
Therapists may recommend cognit...
How To Stop Worrying
Worrying is an all-in-all bad deal, but it is difficult to stop ourselves using sheer willpower.
Certain approaches can help:
- Acceptance and commitment therapy(ACT) focuses on accepting the worry and not getting consumed by it.
- Mindfulness builds a ...
Treatment for Iatrophobia
It is important that you seek treatment as untreated iatrophobia can cause you to avoid needed medical care and put your well-being at risk.
- Some mental health providers offer services via telephone or the internet and can help you tame your phobia enough to face an in-person visit.
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