How to Become Less Anxious About Money

Dave Mortach
3 min readJul 10, 2024


Let’s face it: money worries can feel like a constant storm cloud overhead. They can disrupt sleep, fuel arguments with loved ones, and leave you powerless. But fear not, fellow traveler on this crazy financial journey — there are ways to calm the money monster and regain control.

First things first, acknowledge your anxiety. Don’t bottle it up. Talking it out with a trusted friend or therapist or writing it down in a journal can be a decisive first step. Once you understand your anxieties, you can start tackling them head-on.

Here are some practical strategies to help you become less anxious about money:

  • Know Your Numbers: Ignorance is not bliss regarding finances. Gather your bank statements, credit card bills, and any loan information. It might initially feel scary, but facing your financial reality is empowering.
  • Craft a Budget (and Use It): A budget isn’t a punishment; it’s a roadmap! There are tons of free budgeting apps and resources available. Find one that works for you and track your income and expenses. Seeing where your money goes can be a real eye-opener and help you identify areas for improvement.
  • Start Small, Celebrate Wins: Don’t try to overhaul your entire financial life overnight. Set small, achievable goals. For example, you could pack lunch twice weekly to save on eating out or brewing coffee at home instead of grabbing a daily latte. Celebrate these wins — they’ll motivate you to keep going!
  • Beware of Comparisonitis: Social media can be a breeding ground for money envy. Remember, people only curate the best snippets of their lives online. Focus on your financial journey, not someone else’s highlight reel.
  • Automate Savings: Set up automatic transfers from your checking to your savings account. Even a small amount saved consistently can make a big difference over time. Think of it as setting your future self up for success.
  • Build an Emergency Fund: Life throws curveballs — unexpected car repairs, medical bills, etc. Having a rainy-day fund can ease the stress of these situations. Aim to save 3–6 months’ worth of living expenses.
  • Explore Debt Solutions: Debt can feel overwhelming, but there are options. Talk to your creditors about potential hardship programs or lower interest rates. Consider debt consolidation to simplify your payments. Remember, you’re not alone — many people struggle with debt.
  • Focus on What You Can Control: While economic factors will always be outside your control, you can control your spending habits, your saving strategy, and your approach to managing your finances. Focus on the things you can influence.
  • Learn Something New: Knowledge is power! Many free resources are available online and in libraries to help you improve your financial literacy. Invest some time learning about personal finance, investing, and building wealth.

Remember, becoming less anxious about money is a journey, not a destination. There will be setbacks, but with these strategies and a positive attitude, you can take control of your finances and build a more secure future. You’ve got this!