P$yFi | Psychological  Finance

Addressing Chronic Financial Pain, Part 3


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Addressing Chronic Financial Pain, Part 3

Continuing our series, this episode adapts powerful, evidence-based tools from chronic physical pain management to chronic financial pain management. First, we explore mindfulness-based stress reduction, teaching you how to observe your financial pain without judgment, distinguish it from self-inflicted suffering, and use techniques like "urge surfing" to master impulsive habits. To combat the paralyzing "boom-and-bust" cycle of financial fatigue, we introduce activity pacing, a method for breaking down overwhelming tasks into manageable steps to prevent burnout. For those stuck in complete inaction, discover behavioral activation, a strategy that uses impossibly small, concrete actions—like transferring $1—to build momentum and break the cycle of avoidance. Tune in for a practical toolkit that will help you move from a state of being overwhelmed to one of empowered, gentle action on your path to financial wellness.

Links to previous episodes:

Financial Skill-Building: Mindfulness

Financial Skill-Building: Distress Tolerance

Financial Skill-Building: Emotion Regulation

Financial Skill-Building: Interpersonal Effectiveness

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P$yFi | Psychological  FinanceBy The Redstone Rocket