Fear of Money: Understanding and Overcoming Chrematophobia

This article addresses Chrematophobia with sensitivity and depth, offering a blend of psychological understanding and practical financial guidance.

Do not save what is left after spending, but spend what is left after saving.

-Warren Buffett, one of the world’s most successful investors and a renowned philanthropist


What if the mere thought of money sends shivers down your spine? In a world where financial success often equals personal achievement, an irrational fear of money, known as Chrematophobia, can be crippling. This article delves into the causes, manifestations, and pathways to overcome this often-overlooked fear.

What is Chrematophobia?

Chrematophobia extends beyond mere financial anxiety; it’s an overwhelming dread of money itself. Symptoms range from unease when handling cash to outright avoidance of financial discussions. Psychologists suggest that this fear may stem from a deep-seated belief that money is inherently evil or corrupt.

Causes of Fear of Money

Cultural upbringing plays a significant role. In societies where wealth is demonized, or poverty is romanticized, money becomes a source of guilt and fear. Personal experiences, like growing up in poverty or witnessing financial hardships, can also ingrain a fear of money. Moreover, societal pressure to accumulate wealth can turn money into a stress-inducing entity.

Impact of Chrematophobia

On a personal level, this fear can lead to strained relationships, poor financial decisions, and chronic anxiety. Professionally, it can hinder career growth and entrepreneurial ambitions. Real-life stories abound of individuals whose fear of money sabotaged their success and happiness.

Overcoming Fear of Money

  • Financial Literacy: Understanding money management demystifies finance and reduces fear. Learning about budgeting, investing, and saving is empowering.
  • Therapy and Counseling: For deep-rooted fears, professional help is invaluable. Therapists can unearth and address the underlying causes of Chrematophobia.
  • Mindset Shift: Adopting a healthier view of money is crucial. Authors like Robert T. Kiyosaki and Napoleon Hill advocate for viewing money as a tool for good, rather than a source of evil.
  • Practical Steps: Start small. Set achievable financial goals, practice budgeting, and gradually familiarize yourself with money management.


Overcoming the fear of money is a journey towards financial and psychological freedom. It’s about transforming fear into respect and understanding, thereby opening doors to a more balanced and fulfilling life. Remember, the power of money lies not in its existence but in how we perceive and utilize it.

Leave a Reply

Scroll to Top