How money causes anxiety and 3 tips to reduce it

This guest blog was written by Chris Budd, who wrote the original Financial Wellbeing Book as well as The Four Cornerstones of Financial Wellbeing. He founded the Institute for Financial Wellbeing and has written more than 100 episodes of the Financial Wellbeing Podcast.

Whether we have it or need it, whether we manage it, accumulate it, or are spending it, money creates anxiety.

Anxiety can be debilitating. Research known as the Yerkes-Dodson Law, first documented in 1908, shows that some anxiety, such as nerves before going on stage, can be helpful to sharpen the senses. Too much anxiety, however, and we start to shut down, and our faculties are reduced.

That same study showed that