How to Overcome the Fear of Money

“There is only one class in the community that thinks more about money than the rich, and that is the poor.” – Oscar Wilde

fear of money

You would think that most people would love to have lots of money. However, there are also those who fear money or having too much of it. Maybe it is the reminder about King Midas that puts these people in fear. His wish that everything he touched be turned to gold was fulfilled. However, he later found, to his dismay, that even his delicious food and beloved daughter were transformed into gold.

The fear of money in its extreme is known as chrometophobia or chrematophobia, from the Greek “chrimata” (money) and “phobos” (fear). The “chrome” in “chrometophobia” may also be related to the Greek word “chroma” (color) because of the brilliant colors of ancient coins — for example, gold, silver, bronze and copper.

I recall a series of dreams I once had. For a few nights, I would wake up trembling in sweat. I dreamed of being chased by loads of giant cash notes, which had legs on them. I feared for my life. And night after night, it was the same dream. It happened when I was below 12 years old and had no money concerns back then.

Fear of Asking For Money

The fear of money stems from poverty consciousness. It manifests in various ways. For example, you are unwilling to ask for an appropriate exchange for your products or services. You fear asking for what you are worth. You may have offered your stuff for free for a period but it seems that you will never get round to charging for a fee.

The fear of asking for money can create lots of emotional disruption. It puts you up in arms. You break out in a sweat. You experience anxiety. You have a lot of excuses why you should not strive harder or why it is not the time. At the same time, you also blame the economy, your parents, your boss and everyone else for causing you to be stuck. You have been finding life a struggle and experience difficulties getting by.

Recently someone (let’s call him Mr X) wrote to me and asked me why I am charging for my healing services. His opinion was that I should be offering my soul gifts for free. Luckily, I knew better than to react negatively.

Perhaps what Mr X has overlooked is that the services I offer are usually personalized. Don’t forget that doctors, who are doing healing work, also charge consultation fees too. Few people would quibble over paying doctors a reasonable amount for healing work done. We may even be willing to pay specialist doctors, such as surgeons, a premium for their expertise.

Money is a universal medium of exchange, and so it is best used as the form for compensation in lieu of time spent. As Benjamin Franklin says, time is money. Hence, I don’t buy find charging for energy work a “sin” (a warning put forward by Mr X).

Abundance is a circuit of energy flow. As you give, you shall receive. And as you receive, you give. Tapping into the stream of giving and receiving aligns you with abundance consciousness. You need to honor the exchange meaningfully. Otherwise it becomes distorted or unbalanced.

Fear of Having More Money

By assuming that money is the root of all evils, you will fear having more. Hence it is important to look into the money belief that you are holding. Is money the root of all evils or is it the attachment to the money that is causing the suffering?

If you should have fears concerning money, then you will need to ask yourself what is your story about money. Has something in the past caused you to experience certain trauma? Why are you perceiving or believing in lack?

If you fear having more, could it be that your actual fear is about not being able to handle the excess? People with Chrometophobia perceive heavy responsibilities that come with having more money. Money management includes making decisions on investments, taxes, making an estate, audit and so on. The thought of having to manage money creates unwelcome stress.

Fear of Having Not Enough Money

Then there is also the fear of not having enough money. As we already know, the fear of not having enough money can lead to frustration, depression and suicide. It can cause anyone to lose hope in the face of overwhelming fear that a financial turnaround will not happen.

The fear of not having enough to get by or to be unable to afford a certain standard of living can cause unnecessary worry. You are constantly in foul mood. Your ability to make a wise decision may also diminish because there is a tendency to act out of high levels of anxiety.

While it is understandable why anyone can get anxious in a time like recession, obsessing over and predicting a picture of doom and gloom does not help. Adopting a more positive attitude, on the other hand, does. Find out ways to eliminate stress and focus on the current blessings.

Suggestions to Overcome the Fear of Money

1. Raise Your Self Esteem. Healthy self-esteem rests on the belief that β€œI am deserving and worthy”. And so you experience no shame or feeling of embarrassment to ask for what you deserve. You are confident that your products and services are valuable.

Work on your solar plexus, the third chakra, for self-esteem issues. When you raise your self-esteem, you will find that the ability to attract money improves. You are happier overall because life is less of a struggle.

2. Take One Step At A Time. If asking for money in exchange of your products or services sends you into a panic, what may help is to do things in small steps. You may offer your stuff for free for a period, and then gradually work your way into accepting some payment. For friends, you may choose to ask for a meal or a token in exchange.

3. Work on Your Money Beliefs.
Examine the beliefs that you have about money. You may begin to realize that you have been holding on to a collection of myths. The myths do not serve you. Holding on them limits your capacity to reach your highest potential. Consider rewriting your money story and backing it with more empowering beliefs. Alternatively, uncover the real power behind the classic ebook “Think and Grow Rich” by Napoleon Hill here.

Always remember that money can be put to good use. Having excess money can be an asset. You can channel it to charitable organizations and foundations for the needy. You have the power to decide on how best to use the money.

4. Learn Money Management. If you have fears about managing money, it is time to get educated. Consult professionals. Read up books. Call on your banker. Hire a mentor.

It sounds like an awful lot to learn at the start. But once you begin, things should get easier over time. Money management is not as difficult as it seems πŸ™‚

Love and Abundance Always,
evelyn lim signature
Author. Adventurer. Life Coach. More About Me.

Share Your Thoughts

Do you have a fear of money? What symptoms or behavior do you have? What has worked for you with overcoming your fear.

Share your thoughts in the comments below.

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RahimTSNE - September 24, 2012 Reply

money beliefs are grounded from our childhood as you also said that money were chasing you in your dreams. Money itself neither good nor bad in itself, it’s just medium for exchange. From now on, we can make our children know the power of positive face of money so as they will have only good beliefs about money.


Evelyn Reply:

Yes, many of our money beliefs were formed from childhood. I agree with what you said. We can do a lot more by empowering our children with positive beliefs including those on money.

Abundance always,


Julie | A Clear Sign - September 25, 2012 Reply

Hi Evelyn!

This is a great article. I do wonder what is behind money energy, as if it’s something more than an exchange. For instance, I feel like we can almost fall out of synch with a good abundance flow, and then search around fruitlessly with what might have gone amiss (like if we lose a job and decide to change careers, or move from an office to entrepreneurship – the whole balance seems to shift about, oddly enough).


Evelyn Reply:

Hi Julie,

What a great discussion point that you have brought up. I don’t believe that I have all the answers myself.

My observation is that situational triggers certainly can highlight what our true belief about money is. It invariably brings to our awareness the level of our self-esteem.

The change in situation offers us the opportunity to work through our root issues. If we do overcome them, we are in a great position to experience much wealth and abundance (perhaps financially, far more than what we earn in our previous job).

Your thoughts?

Love and abundance always,


Jenny - September 26, 2012 Reply

Thank you, I have now seen the problem that I have. It is within me, always has been and will continue to be until I address the issue. I have 2 means of employment. In my first role, I am angry at ‘them’ because ‘they’ don’t see how hard I work, and they don’t give me they raise that I believe I deserve.
Yet in my home-based business, I don’t ever charge enough, I give discounts to friends and family, and I still feel guilty. I have done for years!!
It is poverty concsiousness, and I am blaming everyone else but it is all within me. It is nobody elses fault but my own!
Thanks so much for writing in such a way that I could see this for myself. Now for the harder task – to address the problem.


Evelyn Reply:

Hello Jenny,

Thank you for sharing. It is great that you are able to see where the problem is πŸ™‚

I feel that it is okay to give a discount to friends and family but it is important to not do in a way that makes you feel resentful or unfair. Otherwise the relationship can become one that is laced with anger.

At the same time, if you are feeling guilty, (*asking gently*) could it be that you are also blaming or judging yourself for failing to meet a certain expectation?

We can only work on ourselves because we have allowed the situation to emerge as such. My guess is that it is an issue in self-love and self-esteem. If we have sufficient self-love and esteem, we will not be judging ourselves harshly or believe that we are unworthy. We will be able to establish clear and healthy boundaries and have every confidence to reasonably ask for what we deserve.

You are not alone. I have been through self-blame and blaming others once upon a time. However, I have found it possible to work through the issues and become a much happier person overall.

I wish you much success in addressing the root causes of your problem.

Let me know how else I can be of assistance to you.

Love and abundance always,


Jenny Reply:

Thanks Evelyn.
You have been extremely accurate in assessing the situation, and as a result I have just downloaded your book “How to Love yourself unconditionally.”
I am deserving and worthy πŸ™‚


Evelyn Reply:

Hi Jenny,

Thank you. I wish you every success in your healing journey.

With love,

Kimbundance - September 27, 2012 Reply

Hi Evelyn! This is true. Many people have a fear of money on different levels. =) I know that a lot of it for me comes from my conditioning growing up that money doesn’t grow on trees. But, I know with a new attitude and positive way of looking at money, that the limited belief will no longer a problem. When people start knowing more about abundance they tap into the abundance that is already in their life, which is so wonderful!


Evelyn Reply:

Hi Kimbundance,

Yes, many of us suffer from a conditioning that is untrue and limiting. If we find ourselves having issues or reacting with fear when we think about money or abundance, it is time to examine what has been holding us back.

Abundance always,


John - September 27, 2012 Reply

Thank you Evelyn. This is a great view on how we all need to give and receive.


Evelyn Reply:

Hi John,

Thank you for your feedback πŸ™‚

Love and abundance always,


Galen Pearl - September 27, 2012 Reply

When I started reading this, I began to wonder how many blog posts I have seen on this topic. I couldn’t think of one! Isn’t it interesting that we talk about inner peace, healing damaged emotions, finding balance in our lives, and so on, but we don’t talk about money, even though we all use it!

You have done something really remarkable here! I have had a conflicted relationship with money for much of my life. As I got older, though, I realized that having money was not a bad thing. What was important was my attitude about it and how I use it.

Great article. I hope it is the first of others on this topic.


Evelyn Reply:

Hi Galen,

It is one of my favorite topics actually. I ought to write more about it. Thank you for your feedback.

Money is not a bad thing indeed. I don’t view it as anything bad. In fact, I believe that it is important to have a balanced perspective about it. Yes, changing attitude is a first if you intend to start building a better relationship with money.

Love and abundance always,


Giving makes you powerful | Best Manifestation Secrets - November 6, 2012 Reply

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lalit - September 9, 2015 Reply

Well said..
Poverty consicusness is absolutly true.I am suffering it from my childhood. Actuall. In my family my dad have a very poor self esteem nd Poverty consciousness and he is very bad in money management. So he always fear having enough money .He groom me in this way and its his mental vibration that makes me run on same pattern but my mind always counters that …resultly there is a duality disorder goes in my mind. Thx for providing me a mirror.


Michael Larson - October 17, 2015 Reply

I am terrified of money in so many ways! That I’ll never have enough, of how to handle abundance, afraid to spend it on myself (not on thers though), of not being good enough to make enough. My mother passed on her money fears to me and it has been a nightmare. (I’ve even had to move back to her home due to lack of income). No matter what I’ve tried to do to overcome it…I haven’t yet. I’ve never had more than $15,000 in savings, and everytime I get over $5,000 there always seems to be some crisis (with my spouse, or a relative) and even frequent theft. Which is another reason I fear money. Each time I start to rebuild I feel epic! And then…BOOM down it goes like a sand castle. Enough is Enough! Now I have children of my own and I do not want to put them through what I am going through or to give them negative beliefs about money. I know I need help, which I ironically haven’t thevroom in my budget for. I’m at my wits ends.


Ellena - December 19, 2015 Reply

“most”, but not “All”, please be aware) enjoy their miatrielistac life and they seldom discuss social issues.I am sorry, I enjoy miatrielistac life, but I also enjoy critical thinking. I want to know more social issues around my society.I am not a perfect Hong Kong teen. That is why I study overseas and learn what Americans do good.


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