The high price of money shame | personal finances

The high price of money shame |  personal finances

Money shame can lead us to overspend to “keep up with the Joneses,” avoid our finances or criticize others who are struggling, says certified financial planner Edward Coambs, a marriage and family therapist in Charlotte, North Carolina. “When we make mistakes with money or things happen to us, we tend to internalize it and make it really personal,” says Bryan-Podvin, author of “The Financial Anxiety Solution.” “If you’re beating yourself up, that’s a good sign that there is money shame.”

Source theindependent.com Too often, though, people feel there’s something deeply wrong with them if they struggle with their finances. They may feel they’re stupid, immoral, lazy or “bad with money,” or ruminate on what they should have done differently.

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