Money Anxiety Disorder
The American Psychological Association conducted a survey in late 2008 and found that 80% of the people who responded said that the financial crisis was causing them a significant amount of stress.
Anxiety over money issues has produced a new ailment that is affecting a large part of the population, particularly women. Psychology professionals have named this affliction: Money Anxiety Disorder.
Women tend to be more highly stressed about money issues because in general they are not the major breadwinners; they are the care-givers, concerned about their family's future and well-being. And, in relationships, there usually isn't an open and equal financial partnership between husband and wife.
Financial issues are the primary cause of conflict and divorce among couples. As the economy continues to struggle with high unemployment, tight credit, low housing values and high foreclosure rates, couples are struggling to cope with financial problems and M.A.D. behavior.
The following are six tell-tale symptoms indicating you have gotten M.A.D.:
4 Ways to Overcome M.A.D. mania:
2. Contact a NON-PROFIT credit-counseling agency if you’re faced with a large amount of debt and not enough income to support basic expenses and monthly loan payments. A counselor will review your budget, income, assets (what you own) and liabilities (what you owe) then offer solutions and resources. To locate legitimate non-profit agencies go to NFCC.org (National Foundation for Credit Counseling) or AICCCA.org (Association of Independent Consumer Credit Counseling Agencies).
4. De-stress by going for a walk or exercising in any way you like. Anxiety can take a physical toll on your heart, head and on neck, back and shoulder muscles. The temptation is to sit and stew but that won’t help either your mind or your body. Meditation, yoga and hypnosis are also ways to reduce stress and anxiety.Financial survival counselor, Hollis Colquhoun has more than twenty years experience in the financial industry and co-authored "Women Empowering Themselves: A Financial Survival Guide." When not working as an Accredited Financial Counselor or promoting financial education for women, she pursues her interest in martial arts. She has a black belt in both Karate and Taekwondo.