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- let's talk about money dysmorphia
let's talk about money dysmorphia
what's all the buzz about?
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hi lil bees! happy september and happy fall for those celebrate 👻 🍁 🎃
what’s been up in sneh’s world
It feels like the one season I love and cherish passes by so quickly, so going to try to be more intentional this fall before it becomes 🧱 cold. And one way I’m planning on doing this is participating in Nature’s Pace with my bestie! Organized by Lauren Bash, a climate activist, it’s an 8-week virtual program that explores the overlap between the endurance required for running and the resilience needed in climate activism. It includes a cool roster of guest speakers, including professional runners, activists, mindfulness coaches, and climate scientists. Btw, this is not an ad!!! As a very novice runner who really runs for mental peace, I’m really just so freaking excited to give this a go and run with my bestie 💛
my most recent outdoor run before i got 😷
let’s talk about money dysmorphia
there’s been a lot of chatter recently around this phrase, so of course I wanted to see what all the buzz is about.
According to US News Money, money dysmorphia is defined as being very unhappy with regard to one’s financial situation, rooted in the gap between one’s financial reality and their perception of their finances. This is not an official illness, but according to a Credit Karma survey, it seems to be most prevalent amongst <43% of Gen-Z and 41% of millennials.
This gap can mean:
You objectively have solid financial footing, but never feel like you have enough. You may recognize this behavior amongst folks who are okay or more than okay financially saying things like “I’m so broke” (guilty as charged).
You are objectively not in a good financial state, but you overspend, make risky investments, and/or avoid your finances like the plague.
A few ways this manifest are:
Scarcity mindset. See my past article.
Lifestyle creep: The American mindset that when you make more, you should spend more. Which is amplified by…
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