Dr. Oz: Money Anxiety
Tiffany has a huge fear of not having enough money. She feels a lot of fear when she sees the money in her checking account go down. When the bills come in, she avoids opening them because she’s scared of them.
When she was a girl, her grandmother taught her that saving money was really important. She gave her a jar to put her money in so that she could see how much money she was saving. The image of the jar really stuck with Tiffany.
Both Tiffany and her husband are teachers and they have three kids to raise, plus student loans and a mortgage to pay back. They’re also helping Tiffany’s mother-in-law financially.
Worrying about money is taking its toll on Tiffany’s health. She’s starting to emotionally eat to ease the stress.
Dr. Oz: What Causes Money Anxiety?
Dr. Oz introduced Tiffany to financial expert Manisha Thakor. Tiffany said she wants to enjoy her life, so sometimes she splurges with her money, which causes problems with pinching pennies later.
Manisha said that money anxiety is not about numbers or finances. It’s about emotions. It’s about our earliest money memories and the messages we got from adults in our lives about what money means.
You might have money anxiety if you avoid paying bills, if you panic when you check your bank account, and/or if you go back and forth between pinching pennies and overspending. Answering yes to one or more of these questions means you have money anxiety.
Dr. Oz: Live From Your Authentic Joy
Manisha said that money anxiety is pervasive and the secret is living from authentic joy. The solution has nothing to do with money.
First, you have to look at your deepest goals and values and make sure you’re spending according to those.
Later on in the show, Manisha showed Tiffany how to do that with her plan to end money anxiety.