Move over body dysmorphia. We’re cashing in on a brand new delusion of the financial variety. 😵💫💸
If you have money dysmorphia, you might see yourself as a Real Housewife versus…a real housewife. 💋 What seems like a little innocent Countess Luann cosplay could snowball into a Giudice-sized bankruptcy!
Here’s Five Fast Facts on money dysmorphia:
- ➿ Warped Tour - What the heck is money dysmorphia? Welp, it’s a fancy name for being out of touch with your true financial situation. Your money mirror might look more like a fun house than reality. Money dysmorphia could come from your upbringing, past money problems, fears about the economy, or pressure from society.
- 💰 Spending Spectrum - People with money dysmorphia feel like they’re either doing financially better or worse than they actually are. If you feel like you’re doing worse than your peers, you might become an excessive saver. If you feel like you’re doing better, you might overspend. Either extreme could impact your well-being.
- 🩺 Diagnosis Delu-lu - Wondering if you have money dysmorphia? Symptoms include avoiding financial discussions, obsessively checking your bank balances, and getting bogged down by the thought of your financial future. You might also feel depressed, anxious, or resentful when you see friends and family hitting financial milestones and achievements.
- 📊 By the Numbers - A good chunk of Americans are down with the sickness. In a recent survey, 29% gave themselves a money dysmorphia diagnosis. Younger generations seem to catch it more than old heads: 43% of Gen Z and 41% of Millennials versus 25% of Gen X and 14% of those 59 and up.
- ✅ Reality Check - Wanna snap back to reality? First, work on staying in your own lane. Focus on your unique financial situation and avoid comparing yourself to others. Take an honest look at your money habits and set goals to kick the bad ones to the curb. Keep savings goals realistic. Break them into small steps so you’re motivated to stay on track.
🔥Bottom line: Today’s influencer culture is insane…and mostly bogus. Don’t compare yourself to people on Instagram who take pics on fake private planes. If you have eggs in your fridge in today’s world, you’re rich AF. Want some good news? The inflation monster’s currently in nap mode. Geek out and read about it here!
How are you feeling about your current financial situation?
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