Loud budgeting.Slow shopping.Girl math.
One of the more insidious realities impacting peoples financial health has a name as well: money dysmorphia.
What is money dysmorphia?
You see your financial situation much differently from your reality.
A recent Credit Karma surveyfound that 29% of Americans experience money dysmorphia.
Many people have felt financially insecure for a long time without having a specific name for it.
Now, by giving it a name, its easier to understand and address these feelings.
People have long worried about money and felt that they dont have enough even when they do.
The problem seems to have worsened, however, in the online age.
When people have money dysmorphia, theyre likely looking at their finances more subjectively than objectively, she added.
What are the signs of money dysmorphia?
This can manifest as saving excessively because you feel youre behind in comparison to your peers.
Likewise, it can show up as overspending because you feel youre financially secure when thats not the case.
People may find themselves living lifestyles they cant afford, Ayoola explained.
Ultimately, money dysmorphia can hinder people from achieving their financial goals or enjoying their achievements.
Some people might be scared to spend money, even on the things they actually need, Kennedy said.
Others might constantly worry about their finances, regardless of what their actual situation is.
They may feel anxious or guilty when making purchases, including necessary ones.
Many avoid addressing or seeking help for their debt, which fosters a cycle of financial instability.
The impact goes beyond money, Kennedy noted.
It can strain relationships and affect overall well-being.
How can you deal with money dysmorphia?
Set realistic financial goals and find useful resources for personal finance education.
Observe your day-to-day thoughts around money.
Identify and avoid triggers and distractions.
Unfollow social media accounts which stir up financial insecurities.
Financial caution is good, but not when it harms your well-being.
Financial caution should not put you in a constant state of inaction.
You have to recognize when financial worries become excessive.
Finding a balance is key.This article originally appeared onHuffPost.
