In the News
Stressed About Your Salary, Debt, or Spending Habits? Here's What to Know About Financial Anxiety
Dr. Elledge has been in the news discussing financial well-being. In an interview with Kristin Canning and Mia Taylor on Health.com she was quoted in the article, Stressed About Your Salary, Debt, or Spending Habits? Here’s What to Know About Financial Anxiety.
“Recognize and talk through your emotions surrounding money
Money affects every domain of our lives, and the emotions money brings up—both good and bad—have a powerful influence over us, Julie Elledge, PhD, founder and CEO of Mentor Agility, tells Health. Yet individuals are offered very little guidance to deal with these feelings, and there are few socially accepted ways for talking about the emotions surrounding finances. Learning to recognize and openly discuss money concerns is another important step toward addressing anxiety.
“Discussing money is so tied up with complex emotions: shame, success, fear of failure, status, power, control, and self-worth,” Elledge says. “Learning how to recognize those emotions, then talk about them, allows us to minimize the grip that finances have on our well-being.”
As for who you might talk to about these feelings, Elledge suggests either a life partner (though the discussion may bring up very strong emotions) or alternatively a financial wellness coach.
“A coach who is fluent in financial wellbeing will help you manage emotions, define your goals, plan your opportunities, and help you find the road map to getting back on the right track,” explains Elledge.
This type of professional can also help you rewrite what you feel is an ‘underachieving narrative,’ transforming it into a motivational story, adds Elledge. This is often accomplished by storytelling techniques that help a client manage disparate and strong emotions into a cohesive narrative thread. “Then, talk to your financial advisor and let him or her help you manage the resources to bring your story to its successful outcome,” suggests Elledge.”
Stressed About Your Salary, Debt, or Spending Habits? Here’s What to Know About Financial Anxiety (1/6/2022) https://www.health.com/money/financial-anxiety-money-stress
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