Navigating the Choppy Waters: Overcoming Financial Anxiety

In the heart of a turbulent ocean, where waves rise and fall with a disquieting unpredictability, you might find a small boat navigating its way through. Each wave, a different challenge; each dip, a different fear. This boat, adrift yet determined, symbolizes my journey through financial anxiety—a journey that led me to the shore of financial wellness.

Financial anxiety, a psychological term that finds its roots in the complex relationship we have with money, was a consistent shadow during my early adult years. As a single mother, juggling between the demands of raising a child and maintaining financial stability, every financial decision felt like steering through a storm, each more challenging than the last.

The causes of my financial anxiety were manifold. I feared unexpected expenses, struggled with the pressure to provide for my child, and felt overwhelmed by the weight of financial planning for the future. The paycheck-to-paycheck living and the constant worry of running out of money cast a looming cloud of uncertainty over me.

I remember distinctly, standing in the supermarket, debating for what felt like an eternity over whether to buy the slightly more expensive but healthier bread for my daughter. It may seem trivial, but it was in those moments that financial anxiety hit the hardest – the struggle between meeting immediate needs and the fear of depleting my resources.

But, as with every challenge, it’s how we respond that defines us. I embarked on a journey to conquer my financial anxiety, a journey that started with understanding my emotional relationship with money.

Digging deep into my past, I recognized patterns and beliefs about money that I had unknowingly internalized. I realized that the anxiety was less about the money itself and more about the fear of scarcity – a fear that had been unknowingly passed down from my frugal, depression-era grandparents.

Understanding the source of my financial anxiety was the first step towards healing. I took a proactive role in my financial education, learning about budgeting, saving, and investing. I sought advice from financial advisors, read books, and used financial management tools. Gradually, I learned to control my money instead of letting it control me.

The journey was not easy, but every step was empowering. Each piece of financial knowledge was like a lifeline, helping me navigate through the choppy waters of financial anxiety towards the shore of financial wellness. I learned to plan for the future without letting it overshadow my present, and I discovered the fine balance between frugality and deprivation.

Looking back, my journey through financial anxiety, while challenging, was a blessing in disguise. It led me to my current path as a financial psychologist, enabling me to help others who are facing the same struggles I once did. It shaped my relationship with money into one of understanding and respect, replacing fear and uncertainty with knowledge and confidence.

Navigating through financial anxiety is a personal journey, and everyone’s path will look different. But remember, it’s okay to ask for help, and it’s okay to feel overwhelmed. Take it one day at a time, equip yourself with knowledge, and most importantly, be gentle with yourself. Your boat may be in choppy waters now, but trust that you have the strength and resilience to reach the shore. After all, it’s not the absence of the storm, but the courage to sail through it, that truly defines your journey.


  • Lily Kensington

    Lily Kensington is a financial psychologist, a proud member of the ANZA Psychological Society, and a passionate advocate for financial wellness. A former high school English teacher and psychology graduate, Lily brings a unique perspective to her writing that blends the intricacies of psychology with the world of finance.Over the past decade, Lily has dedicated her life to helping individuals and couples navigate their emotional relationship with money. Her empathetic and intuitive approach, honed through her counselling practice, breaks down complex financial concepts into relatable and practical advice. Lily's writing often reflects her personal journey as a single mother, providing valuable insights and support for fellow single parents navigating the world of personal finance.In addition to her numerous contributions to wellness and personal development blogs, Lily is the author of the book "The Heart of Money: A Psychological Guide to Financial Wellness."In front of the camera or behind the pen, Lily's mission remains the same: to help others achieve financial peace by understanding the psychology of money.

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