Do You Think Too Much About Your Money?
Who doesn't want to be good looking and rich? But too much obsession with your money is just as bad as too much obsession with your diet. Taking any obsession to the extreme may result in what experts call obsessive compulsive disorder. Many people suffer from the problem of keeping their minds too occupied with the worries of money. Are you one among many?
Maybe not; but the dividing line between care for your money and obsession is only a matter of degree.
But first things first, what does 'money-rexia' mean?
'Money-rexia' is a pattern of behavior associated with money in which one grossly underestimates ones monetary well-being and at the same time one overestimates ones monetary problems. This may happen without any reasons. The money lying in hand looks like a mole hill, while the bills that have to be paid look like a mountain. As a matter of fact, one may be having good deal of money to take care of one's needs and wants. But 'money-rexia' destroys perception. One is not able to judge how much of money is good enough. The misery related to money never comes to an end. Some of the commonly observed behavior patterns indicating 'money-rexia' are as follows:
- Feeling guilty every time one spends money- even though one is spending money just for basic things like a decent meal, simple clothes, and groceries. A person obsessed with money would feel his net worth sink with every penny he spends. 'Money-rexia' makes one feel guilty.
- Too much worried about net worth- a person obsessed with money would check out his bank statement daily and would keep a watch over the value of his investments as frequently as he goes to the washroom. Every decline in the value of his investments feels like the money going down the drain. Likewise, any rise in the value of investments would increase the fear of oncoming loss. Tails you lose, Heads you get ready to lose.
- Feel miserable every time one has to pay the bill- Every outstanding bill looks like a foreclosure notice. A person suffering from 'money-rexia' imagines that the entire world is conspiring to make him bankrupt.
- Look at every borrower with suspicion- A person suffering from 'money-rexia' has his own interpretation of why people borrow money. People borrow money only when they do not intend to return it. A person holding such a view would never like to lend his own money. At the same time he would also not feel very happy in making repayments on his loan.
Sounds hopeless, but what's the remedy?
Self-analysis? In some cases yes, but looking at your own troubles might not always bring a solution. In hard core cases, taking an expert's advice would be a good idea. However, spending money for expert advice itself may seem like a highway robbery to someone already obsessed with money. What's then the solution? Maybe one should try to repeat this hundred times 'Mind your money, but don't always keep money on your mind'.