Financial Trauma:
The Hidden Cost of Money Problems

By Paul Bauer

Financial problems can have a devastating impact on our lives. They can lead to stress, anxiety, depression, and even physical health problems. In some cases, they can even lead to homelessness or suicide. But what many people don't realize is that financial problems can also have a lasting psychological impact. This is known as financial trauma.

Financial trauma is the emotional and psychological distress that results from financial hardship. It can be caused by a variety of factors, including job loss, medical bills, divorce, or natural disasters.

I used to think that I was immune to such events - until my wife passed away. With all the emotions I had to deal with, it taught me that there are many different ways that trauma (or PTSD) can occur.

I remember several key issues that took me longer to clear than I would've imagined. And because of my own challenge with finances after these traumas, I had to become an expert at discovering and clearing the issues that come up during traumatic times.

Financial trauma can manifest itself in a variety of ways. Some people may experience anxiety, depression, or anger. Others may have trouble sleeping or concentrating. They may also withdraw from social activities or have difficulty making decisions. 

I used to think that PTSD only occurred to veterans of war. But in fact there are many events in our lives that can cause similar traumas. 

Symptoms may include flashbacks, nightmares, and severe anxiety, as well as uncontrollable thoughts about the event. If you're struggling with financial problems, it's important to seek help. There are a number of resources available to help you cope with the emotional and psychological impact of financial hardship.

If you're struggling with financial problems, don't hesitate to reach out for help. There is no shame in asking for assistance. With the right help, you can overcome your financial problems and start living a more fulfilling life.

Here are some tips for coping with financial trauma:

  • Talk to someone you trust about what you're going through. This could be a friend, family member, therapist, or financial counselor.

  • Allow yourself to feel your emotions. It's okay to be angry, sad, or scared. Don't try to bottle up your emotions.

  • Take care of yourself physically and mentally. Make sure you're getting enough sleep, eating healthy foods, and exercising regularly.

  • Set realistic goals for yourself. Don't try to do too much too soon. Start by making small changes that you can stick to.

Don't give up. It may take time, but you can overcome financial trauma and build a better financial future for yourself.

Paul Bauer

Related Articles
Your Financial Setpoint - What It Is and How to Raise It

Need help overcoming financial blocks?