Knowing Your Money Personality- Part 2 of 6 – The Worrier

Knowing Your Money Personality

Part 2 of 6 – The Worrier


Money Worries and Stress

Our relationship with money is one of the most important relationships we can cultivate. If our relationship with money is not strong and defined, we can have serious money worries and it can have a negative effect on our life. Many of us relate to money differently; we call this our financial personality.

Our financial personality helps us to better understand what our current relationship is.

The Worrier

The Addictive Spender

The Procrastinator

The Hoarder/Saver

The Intuitive Spender

Now, each personality has some positive traits and each have areas with which they can improve. These are merely a snapshot of where we are. There is always an opportunity to make changes to the way we see money—to make it a relationship that is beneficial to us.

As we saw in Part 1 of Knowing your Financial Personality, The Worrier has money on their mind every day. Their relationship is filled with money worries and is often one of uncertainty and fear. Having a fearful relationship with money can lead to unwanted stress.

Do you worry about your money? Do you stop before you walk into a coffee shop and feel nervous about buying something and decide your money is better spent elsewhere? Or perhaps you buy the $6.00 latte and immediately regret it, feeling bad about the purchase all day.

You may be a Worrier.


The Worrier

The Worrier makes careful decisions and, often, much fewer errors. Spending money is stressful to The Worrier because they are concerned with how much they have or don’t have—constantly. These money worries often make them feel quite anxious about money and can have impulsive reactions that can lead to poor financial decisions. Their fear of financial stress often causes them to stress more.

Now, worrying about finances isn’t always a negative thing. Some advantages of being a Worrier are:

  1. You are in tune with your cash flow – Often Worriers track activity and have a clear visual of what and when their money enters and leaves their bank account.
  2. You know when there is a problem – With careful tracking, you can see foresee a problem and develop a solution to mitigate the issue.


On the flip side, being a Worrier can have its disadvantages if the behaviours aren’t managed. Some of the cons are that Worriers:

  1. Money worries dominate each financial decision – Worriers obsess, which can make the problem bigger than it is. They often try to over correct, sometimes making irrational decisions.
  2. Lack of confidence – They are often nervous, which prevents them from making key large financial decisions that would help them in the long run.


A Link between Financial and Mental Health

Researchers have found a clear link between mental and financial health. A financial company in California, USA——released a report in 2016 finding that 23% of Americans and 36% of millennials reported extreme stress, depression, and psychological issues (including PTSD symptoms) due to money worries and financial stress.

Also, the ‘Stress in America’ survey, done by the American Psychological Association, found that financials was one of the top stressors for people—in particular, millennials. This study also found that stress causes people to turn to unhealthy coping habits like smoking, drinking, eating, and watching television. It’s evident that now more than ever it is important to understand our relationship with money and resolve any money worries we may have.

Money Worries – Spending Less Time Worrying

How can we spend less time worrying about money? If we want our relationship with money to be different, we have to do something different. First, shifting the way we think about money is important. Our thoughts are powerful in forming the world around us, so why not start there? Can you recognize the worrying thoughts you are telling yourself about money? What are they and is there a way to shift them to a more neutral or positive thought? Can the thought, “I will never have enough money” shift to “I can learn how to manage money so I feel confident”?

The article describes some actions that can be taken to relieve worry. Most importantly for a Worrier is ‘Setting Aside Time’. Creating the habit of setting aside allocated time to review your budget, pay bills, and set spending goals for the upcoming week will reduce money worries and the need to constantly think about money. The Worrier can feel at ease knowing they have already planned out their spending and won’t feel stressed.

What about Financial Counsellors and Budgeting Tactics?

So how do we go about changing our relationship with money and reducing stress? The framework of financial counsellors and budgeting tactics seems outdated and doesn’t always help reduce money worries nor remove the strain of financial decisions.

If you’re looking for a new method. One more in tune with you and your money—an individualized financial tracking App and savings plan for the bold generation. You decide what you do with your money. We keep track of it, help keep you on track to hit your goals and let you know where you are so you can reduce your money worries.

Less worry. Less stress. More you.

If you enjoyed this article be sure to check back next weekend as we continue our in-depth look at your Money Personalities. Check out if you’re looking for an App to help you get organized with your finances. 

“A person who never made a mistake never tried anything new”― Albert Einstein

Our next Money Personality is The Addictive Spender, part 3 of our ‘Knowing your Money Personality’ series.



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