Inside China’s Internet addiction centers
Curious? Read through this gallery to find out more.
If you suspect that you, or someone you know, may be struggling with money dysmorphia, there are certain signs to look out for.
It is also common for people with this problem to obsess over small expenses or feel completely paralyzed when it comes to making financial decisions.
Money dysmorphia can, in certain cases, cause people to stop spending altogether, even on essentials, such as groceries.
Another common tendency of people with money dysmorphia is to constantly compare themselves with others. This can lead to feelings of inadequacy.
You may also avoid having conversations about money, or have feelings of guilt after spending money, even if it’s something you really need.
More important, however, is the comparison culture that has developed thanks to social media. People are constantly comparing themselves with people they see online, and this can lead to feelings of inadequacy.
When it comes to the demographic most affected by money dysmorphia, it is clear that younger generations suffer more than older generations.
The obvious explanation for this is that these generations are spending far more time on social media than previous generations.
Younger people are also facing a unique combination of financial pressures that include student loans, job uncertainty, and a high cost of living.
Although it may not sound too bad, money dysmorphia can have serious consequences for your mental health, as well as your finances.
In addition to mental health issues, money dysmorphia can cause actual financial problems, as it can lead to reckless spending behaviors, such as impulse buying.
Thankfully, if you feel you are struggling with money dysmorphia, there are things you can do to free yourself from this toxic mindset.
First up, try your best to reframe money in your mind. Thinking of money as a tool will help you free yourself from constant expectations and comparisons.
It can also be helpful to start challenging your beliefs about money. For example, if you always tell yourself that you’ll never understand how to properly manage your finances, challenge where that belief comes from and whether it’s true.
Perhaps most importantly, be mindful about how you interpret social media. The vast majority of what people post on Instagram and TikTok does not show the full picture.
For example, your best friend may have just posted about their recent vacation or new car. It's far less likely that they will post about their credit card bill or upcoming lease payment.
It is also a good idea to take some time to examine your financial reality. Looking at the facts on a regular basis can help reduce anxiety around uncertainty.
Finally, practicing gratitude is a great way to combat money dysmorphia. Instead of focusing on your perceived financial shortcomings, focus on what you have achieved.
Sources: (Verywell Mind)
See also: How rising temperatures could worsen mental health
How money dysmorphia can hurt your mental health
And have a negative impact on your finances
LIFESTYLE Finance
Are you constantly worried about money, despite always having enough? Find yourself feeling inadequate because you constantly compare your financial situation with that of others? If so, you may be suffering from money dysmorphia. Albeit not an actual mental health condition, money dysmorphia is generally understood to occur when someone has a distorted, and potentially very harmful, view of their financial situation.
Curious? Read through this gallery to find out more.