How trauma affects you
Trauma can have a profound and long-lasting effect on our mental health. It can cause us to behave in ways that are completely unexpected, and often have a negative impact on our finances. Trauma can have a large effect on our relationship with money. If you are struggling with trauma and its effects on your finances, please don’t hesitate to reach out for help. There is no shame in seeking assistance from a professional!
Trauma is often described as a psychological wound that is inflicted upon us. It can be caused by an event or series of events that are so overwhelming and distressing that we are unable to process them in a healthy way. Trauma can have a profound effect on our mental health, and often manifests in unexpected ways. One of the most common ways that trauma affects us is through our finances.
Trauma and money
Trauma can have a large effect on our relationship with money. For some people, trauma can lead to spending too much money in an attempt to numb the pain. Others may develop a fear of spending money, hoarding it instead out of a sense of insecurity. If you have experienced trauma, it is important to be gentle with yourself and seek professional help if you are struggling. Remember, there is no shame in seeking assistance!
What you can do
Trauma can have a lasting impact on every aspect of your life, including your finances. If you find yourself struggling to manage your money in the wake of trauma, there are some things you can do to help regain control. Try budgeting on a document instead of keeping track of your expenses in your head. This will help you to see where your money is going and make more informed decisions about your spending. Additionally, be sure to list out any large future expenses that you are anticipating, such as medical bills or home repairs. This will help you to plan ahead and avoid being caught off guard by unexpected costs. Finally, consider saving up a financial cushion to give yourself a sense of stability and security. This may mean setting aside money each month or investing in low-risk assets that are less likely to lose value. By taking these steps, you can begin to take control of your finances and build a foundation for a more stable future.
If you’ve experienced trauma, it’s important to get help from a professional. Trauma can be overwhelming and hard to deal with on your own. At Rademacher Financial, we can help you with the financial aspects of your trauma, and a mental health professional can help you with the emotional aspects. We can work together to help you to understand what you’re going through and to develop a financial plan for dealing with it.
Any opinions are those of Rademacher Financial, Inc and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with us at Rademacher Financial, Inc. about your individual situation.
The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation.