The Psychology of your 20s 49. Financial anxiety, money and relationships
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Oct 20, 2022 Lindsay Bryan-Podvin, a biracial financial wellness expert and author of "The Financial Anxiety Solution," dives into the emotional aspects of managing money in your 20s. She discusses how childhood experiences shape our financial behaviors and the prevalent anxiety many millennials face today. Lindsay emphasizes the importance of open communication about finances in relationships, offering practical strategies for couples navigating shared costs. The conversation also touches on societal taboos surrounding money and the need for systemic changes to alleviate financial stress.
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Lindsay's Path to Financial Therapy
- Lindsay Bryan-Podvin struggled financially in her first social work job, earning less than she did waitressing.
- This, combined with societal pressure to budget restrictively and a denied raise, led her to financial therapy.
Understanding Financial Anxiety
- Financial anxiety manifests physically and mentally, causing discomfort around money matters.
- It's often managed through perfectionism (over-researching) or procrastination (avoidance), regardless of actual income.
Childhood's Impact on Finances
- Childhood experiences significantly shape our views on money by age eight.
- These views are influenced by caregivers, peers, environment, and societal structures, impacting adult financial anxieties.
