The big four fears are:
Top 5 Common Financial Fears and How to Face Them
Have an action plan for your fear of money. Focus on one thing at a time so that you don't get overwhelmed. If you feel like you don't have enough savings, decide how much you need for emergencies. If you feel like you'll never make enough money, make a list of what you want and need.
Always Living Paycheck to Paycheck
With 20 percent saying they're afraid that they'll always be living paycheck to paycheck, this was the biggest fear among those surveyed by GOBankingRates. Women are more afraid than men — 25 percent versus 18 percent — of being caught in this cycle.
We are born with only two innate fears: the fear of falling and the fear of loud sounds.
Some of humanity's most common fears are well known, like fear of heights or the dark. Others, however, are less talked-about, like the fear of speaking to strangers due to thoughts of what they might think of you. To free yourself of these fears, it's not enough to change the channel or end the conversation.
Ten ways to fight your fears
The fear of spending money might stem from the fact that one is afraid of running out of money if they spend it. Others feel inadequate in managing their money, so they stop saving and paying bills.
As in case of other phobias, the fear of money might also originate from negative experiences, which money often brings. ... Money often leads to stress and anxiety and could make people feel powerless or out of control. People having pre-existing anxiety disorders could also suffer from the fear of money phobia.
By not starting to track your spending, saving becomes quite difficult to do because you don't actually know where all your money is going. There may be opportunities to reduce spending, cut back on certain expenses, and more that can help you start to save money.
All in all, the top financial worries for those aged 18 to 29 are not having enough money to pay for medical costs in an emergency a severe illness, not having enough money for retirement, and not being able to maintain their standard of living.
Americans are most worried about their financial future, which includes: not having enough money to retire (68%), keeping up with the cost of living (56%) and managing debt levels (45%).
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