What to do when you feel overwhelmed about money.
You know the feeling when you look at your credit card statement and it’s way more than you expected. Or suddenly there’s a bill you hadn’t anticipated, or maybe more than one. Or you are considering your future and you just can’t see how you are going to manage financially, unless of course you win the lottery.
It’s so very easy to become overwhelmed about money.
People will often say, “Oh well it’s just money.” But it isn’t JUST money. Money isn’t just numbers on a screen, it’s emotional and we are constantly told that our survival depends on it.
No surprise then, that money is a top source of stress. In fact surveys showed that 77% of UK residents are stressed about money, with 14% worrying about it daily.
So what can you do when you feel overwhelmed about it?
No, you don’t rush to draw up a budget. No, you don’t massively cut your spending.
First of all, take a deep breath and get curious.
What on earth do I mean by that?
Money is a great way of seeing what is really going on in our lives. So when we feel overwhelmed about money, it’s often showing us something.
Imagine for a moment that there’s a part of you that knows you even better than you think you do. That part of you is watching your daily life and thinking:
“We can do better than this”.
It needs to get your attention. It’s been trying to whisper in your ear but that hasn’t been working.
So it decides to shout.
Suddenly something happens that means you have to take a good look at your money. A surprise cost or an unexpected bill. You can’t carry on as you were. Now that you’ve had to stop, your inner can finally get your attention. This inner voice has your best interest at heart and has a plan.
How can you find out what your inner voices’s plan is? You’re going to have to do some detective work.
The first clue can be found in your money personality. What’s your top money archetype? If you don’t know what that is, it’s really easy to find out with our free assessment.
Each archetype has a sacred money contract. The contract is a statement that challenges you to be the best version of your archetype by using your money gifts to overcome your money challenges. It has two parts. One will make you go “Yay” the other part will make you go, “Ugh”.
For example, if Romantic is your main archetype then your money contract is, “To create financial security while living life to its fullest.” Romantics are really good at living life to its fullest but they are prone to overspending so creating financial security is a challenge.
All the archetypes have a lower and higher expression. When a Romantic is in balance they know how to enjoy life, they are true hedonists. When they are out of balance they buy things to fill a hole and cover up feelings of emptiness.
All the archetypes can get out of balance in different ways. The overwhelm you’re feeling about money, is a nudge to up your game. It shows you it’s time to bring yourself in to balance.
Then the detective work moves to tracking your money (if you don’t already). If you really can’t face money tracking, just do it for a day!
For one day look at where your money is going. Make a note of all the money that comes into you and all the money that goes out.
Then, have a look at your tracking notes, what do they show you? Is your spending reflecting a balanced version of your top archetype? Is that spending driven by love? Or by fear? Are you even aware of your spending?
Tracking in this way gives you great clarity. Clarity is the fastest way out of overwhelm.
When start to view your money through the eyes of your top archetype, you start to see changes that you can make to bring yourself back into balance.
These internally driven changes reflect the part of you that knows you so well. It’s inviting you to make those changes so that you can begin to build a life you love.